Procurement and Contracts Director

The Procurement & Contracts Director owns and delivers the global procurement and contracting strategy for all equipment, parts and services. Accountable for driving value (cost, quality, continuity, service level), ensuring compliance, maximizing SUM (Spend Under Management), and building a high-performing, digitally enabled procurement organization that partners closely with Operations, Finance, Legal and Asset Integrity core accountabilities.

This includes maximizing procurement under management coverage at best terms and services levels of purchase and contracted goods and services of direct and indirect expenditure nature, resulting in most cost-effective execution of procurement and contracting expenditure. This further includes procurement strategy evaluations and owning strategic sourcing, supplier performance strategy, and negotiation execution of strategy of major commercial terms execution.

Additionally, the Procurement and Contracts Director is responsible to own functional and cross functional governance by confirming that the Company’s Global Supply Chain Procurement procedures, processes, performance monitoring and supplier Environmental, Social, and Governance (ESG) and regulatory compliance are clearly defined, effectively embedded, and consistently applied.

Responsibilities

• Evaluate and set strategy, policy and priorities, provide leadership, management, and execution of:
• Strategic Sourcing & Procurement Excellence: Own and deliver the global Procurement & Contracting strategy for all equipment, parts and services required, aligning with corporate and financial goals. This includes identifying goals, strategy and executional processes and ability to execute. Monitor, formulate and implement strategy adjustments to ensure responsible procurement and cross-company operational parties can manage imposed activities.
• Lead high-value sourcing projects and manage critical negotiations for major commercial terms, ensuring competitive advantage and cost efficiency. Provide strategy and implementation of strategic sourcing ability of the company organization.
• Formulate, update, maintain application of category allocation and data management, supporting spend allocation and commodity procurement process optimizations.
• Spend Under Management (SUM) – all expenditure for third party services or goods by the company. Maximize SUM coverage, establish measurable objective KPI’s to drive cost-effective, high-value, long-term frame agreements and procurement or/and contract management across the organization. Formulate and execute strategy, frameworks discipline and continued development, supporting most effective and efficient execution enabling SUM goals achievement including but not limited to; cost savings, value creation, and commercial control opportunities to required service levels.
• Set goals and strategy, ensure, manage and lead team’s ability to effectively reach best cost – service levels outcome of Negotiating and Contracting processes and procurement. Ensure, coordinate and implement execution of procurement contribution (RFI / RFQ, tender, FPA, T&C’s and contract management activities) to procurement organization and other internal party’s in charge acquired external services or goods.
• Own the supplier dispute escalation and resolution framework; act as executive escalation point for disputes and ensure remediation.
• Develop, maintain and lead procurement KPI’s & procurement team (corporate and regional) performance. Provide concise – executive – detailed reporting on activities of Procurement and Parts – Services Contracting organization activities. Develop improvement plans as required & upon line management review and agreement ensure execution and operational implementation according plan.
• Governance, Risks & Compliance: Define, implement, and enforce global procurement procedures, supporting purchase-to-pay (P2P) processes, and standards in terms and conditions.
• Lead and ensure effective monitoring in places of corporation compliance activities, including SOX (Sarbanes-Oxley), regulatory controls, corporate standards etc. Ensure audit readiness, and remediation timelines are implemented.
• Define strategy to achieve set goals, and then ensure implementation and monitoring conducted of supplier Environmental, Social, and Governance (ESG) criteria, ensuring compliance with global and local regulations and company set goals.
• Oversee the integrity of vendor onboarding, performance evaluation, and off-boarding processes is compliant. Monitor performance and implement improvements and efficiency gains that support the company goals and a most effective organizational execution.
• Evaluate supplier performance and manage supply chain risks to prevent disruptions. Develop and drive supplier performance strategies, enhancing quality and reducing risk for the compete organization. Ensure these strategies are implemented and outcome monitored and reported on. Where lacking meeting required outcome, implement improvement schemes or/and seek and implement alternatives with involved procurement or business entity responsible parties.
• Ensure strong working relationships are maintained with strategic suppliers by Supply Chain, Operations, Technical (Asset Integrity) and other key business units.
• Enforce company policies and procedures and ensure compliance with regulatory requirements. Assure monitoring in place of procurement executional functions involved & regular compliance reporting conducted. Formulate and implement corrective or improvements required supporting an efficient and value-added execution by the organization.
• Ensure, optimize and monitor effective and complete data recording and documentation activities by the procurement functions and other procurement related activities.
• Coordinate with inventory control to manage suppliers’ stock levels and logistics, optimizing company ability to achieve its goals.
• Leadership & Operational Efficiency: Provide strategic direction and mentorship to direct reports and regional buying groups, fostering a culture of compliance, efficiency, and professional development. Lead by example, performing part of teams work processes where required and to ensure set goal(s) can be achieved with selected and implemented strategy.
• Own and drive continuous improvement in procurement tools and data recording and applications (digital road map) to increase efficiency and spend transparency. Develop / evaluate and implement and maintain workstream’s / processes with high automated (possible AI supported) processing levels supporting accelerated efficient operational execution and resource usage. Ad-hoc assessments and projects are identified and executed in standardized format for specific commodities supporting company goals.
• Provide leadership and mentoring to direct assigned procurement function staff, providing guidance and support to facilitate their professional growth and provide support function to indirect staff involved with procurement and supplier contract activities.
• Promote and maintain an effective working relationship and communication with the team and other departments.
• Lead cross-functional initiatives to ensure procurement processes are seamlessly integrated across the business.
• Perform any other duties assigned by Line Manager.

Qualifications and Experience

• Bachelor’s degree in Supply Chain management or relevant field experience.
• Proven experience in senior position.
• Experience in international Supply Chain, particularly offshore drilling contracting, with proven experience in negotiation and contract management.
• Experience representing the Company both on and off the job while maintaining confidentiality of Company and Client information.
• Knowledge of global supplier (vendor) management and stock control.
• Knowledge of supply chain functions, including procurement and costing.
• Proficiency in ERP systems, with a solid understanding of the data flow and processing.
• Interpersonal and communication skills, with the ability to maintain open and transparent communication within all stakeholders.
• Fluent in written and spoken English language.
• Proficient in MS Office.