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Purchasing Manager


The Procurement Manager is responsible for managing the Firms supply needs. The Procurement Manager seeks out high-quality goods and services and negotiates reasonable prices on orders; manages relationships with suppliers and communicates with team members and executives.


Role Responsibilities:

• Maintain at all times the highest standard of professional conduct and compliance with the Peel Hunt Values & Ethics statement

• Have an understanding of the regulatory environment, and values and abilities consistent with the FCA conduct rules.

• Meet the requirements of the FCA fit and proper test and comply with the FCA Statements of Principle and Code of Practice

• Stays familiar with the Firm’s needs

• Communicates with executives and gains approval for purchasing contracts with new vendors or on new supplies

• Continuously comparison shops and negotiates to make sure the company gets the best possible prices on needed supplies

• Oversees supply chain management

• Communicates with suppliers and to make sure supplies get where they need to be when they need to be, even when a deadline is tight

• Maintains a network of professional contacts in order to discover new opportunities for good deals on orders

• Forecasts demand for certain products and makes orders accordingly

• Checks inventory, tracks how inventory is used, and adjusts purchasing habits in accord with apparent trends

• Validates invoices

• Keeps a well-organised collection of contracts for easy reference when needed

• Attends meetings to stay up to date on the company's objectives

• Attends conferences to meet potential new suppliers and glean insight from other professionals in the purchasing field

• Ensures compliance with licencing

• Manages third party due diligence process including exception management

• Assist in development of annual technology budgets

• Inventory management

• Third party service level management

• Implements technology / processes to improve the accuracy and efficiency of the role


Key Capabilities and Knowledge:

• Strong relationships with clients and vendors

• Highly Organised

• Excellent Negotiation Skills

• Multitasking Ability

• Excellent Written and Oral Communication Skills

• Ability to Work With a Variety of People

• Industry Experience


Role Competencies

• Problem solving

• Technical expertise

• Detail orientated

• Commercial awareness

• Analytical

• Communication

• Teamwork