Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally.  A firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. 

POSITION : Officer, Expense Control

DESCRIPTION

Group Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible​

 Responsibilities

• Market Research & Price Control
• Carry out price control and market survey
• Monitoring of actual expenditures to approved budget.
• Review and analysis contract/services in line with the pegged cost.
• Monitoring of market prices/cost of item for ease of comparison with contractor s’ price.
• Cost Containment initiatives
• Obtaining and review of prices or cost on constant basis to ensure the bank maximizes its expenditures
• Benchmarking cost reduction techniques with the industry.
• Ensure compliance of payments to approved budget/pledges
• Verify payments due to vendors in line with agreed price
• Achieve cost savings target set by  Head, Expense Control
• Review of all extra-budgetary expenditures propose by the business units.
• Updating and Publishing Pricelist.

Key Perfomance Measures:

• Cost Optimization
• Improved  in CTI
• Improved service delivery-Internal service survey
• Improved Turnaround time(TAT)

Qualification and Experience

• Relevant degree (at least a 2.2)
• Associate Chartered Accountant(ICAN)
• Minimum of 2 years of experience in Procurement Unit.

Knowledge

• Knowledge of cost drivers of the bank.
• Analytical skills
• Market research/Price control
• Effective negotiation skills
• Problem solving oriented
• Cost Reduction initiatives
• Assertive in all engagement.
• Proficiency in Excel and SAP