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- Tasks: Lead the College's Value for Money strategy and manage procurement processes.
- Company: Join a dynamic educational institution focused on efficiency and financial excellence.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact on budget management and contribute to the College's success.
- Qualifications: Ideal for those with strong communication skills and an interest in finance.
- Other info: Be the key contact for procurement, collaborating with various stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
Establish and strengthen the College’s approach to Value for Money (VfM) in all aspects of its delivery, working with others to ensure efficiency and robust budget management. Ensure effective VfM processes are in place to support all expenditure and capital projects, in line with Financial Regulations and external funding regulations.
Identify, build, and manage relationships through effective communication with all stakeholders, including external third parties (such as the College’s purchasing consortia), acting as the primary point of contact for the College procurement process.
Develop and implement a strategy to ensure the function of procurement operates in line with the organisation’s objectives to add value and deliver cost savings. Actively support the College through all steps of the procurement and tendering process to ensure best VfM is achieved and all risks are identified and mitigations are in place.
Ensure a robust documentation and audit trail is in place for all procurement projects in compliance with the College financial regulations. The individual in this position will oversee creating, implementing, and promoting a strong framework for contract management, working with others to ensure this is comprehensive and up to date to facilitate forward planning and negotiations.
Work with all departments to maintain an up-to-date contracts register for the College that will identify upcoming contract renewals.
Finance & Contracts Business Partner employer: Bath College
Contact Detail:
Bath College Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance & Contracts Business Partner
✨Tip Number 1
Familiarise yourself with the principles of Value for Money (VfM) and how they apply to procurement processes. Understanding these concepts will help you articulate your approach to enhancing VfM in your discussions with us.
✨Tip Number 2
Network with professionals in the finance and procurement sectors. Building relationships with stakeholders can give you insights into best practices and current trends, which will be beneficial when discussing your strategies during the interview.
✨Tip Number 3
Prepare examples of how you've successfully managed budgets or procurement processes in the past. Being able to share specific instances where you've added value or achieved cost savings will demonstrate your capability for this role.
✨Tip Number 4
Stay updated on financial regulations and compliance standards relevant to procurement. Showing that you are knowledgeable about these regulations will reassure us of your ability to navigate the complexities of the role effectively.
We think you need these skills to ace Finance & Contracts Business Partner
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Finance & Contracts Business Partner position. Make sure you understand the key responsibilities, such as Value for Money (VfM) processes and procurement strategies.
Tailor Your CV: Highlight relevant experience in budget management, procurement, and stakeholder communication in your CV. Use specific examples that demonstrate your ability to achieve VfM and manage contracts effectively.
Craft a Compelling Cover Letter: Write a cover letter that addresses how your skills and experiences align with the College's objectives. Emphasise your understanding of VfM and your approach to building relationships with stakeholders.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise to make a strong impression.
How to prepare for a job interview at Bath College
✨Understand Value for Money (VfM)
Make sure you have a solid grasp of what VfM means in the context of finance and procurement. Be prepared to discuss how you would establish and strengthen VfM processes, and provide examples from your past experiences where you've successfully implemented such strategies.
✨Showcase Your Communication Skills
As this role involves managing relationships with various stakeholders, it's crucial to demonstrate your communication skills. Prepare to share examples of how you've effectively communicated with external parties or managed stakeholder expectations in previous roles.
✨Highlight Your Procurement Experience
Be ready to discuss your experience with procurement and tendering processes. Think of specific instances where you ensured best VfM was achieved and how you identified and mitigated risks during these processes.
✨Emphasise Compliance and Documentation
Since the role requires a robust documentation and audit trail, be prepared to talk about your experience with compliance and maintaining accurate records. Discuss how you ensure that all procurement projects align with financial regulations and how you keep track of contract renewals.
