Procurement Manager

About Netwealth

Netwealth is a fast-growing fintech company, delivering market-leading products with an award-winning and innovative wealth management platform.  We are on a mission to enable people to see wealth differently and discover a brighter future, not just for our clients, but also for our people.

Founded in 1999, with an entrepreneurial spirit, we are one of the fastest-growing wealth management businesses in Australia.  With NextGen superannuation and investment technology, we are challenging the status quo.  We are agile and nimble, not stifled by bureaucracy.

We are proud of our team of talented people working hard to make life better for more Australian's.  Our values are who we are, how we tackle decisions, and how we want the world to see us - Curious, Optimistic, Courageous, Collaborative, Agile and Genuine.

The opportunity

The Group Finance Team at Netwealth is responsible for the reporting and financial operations of Netwealth Group Limited and its subsidiaries. These functions ensure the efficient and effective use of financial resources to optimise financial performance while adhering to regulatory requirements.  

As the Procurement Manager within Group Finance, you will play a critical role in procurement and supplier management. You will manage and lead efforts to drive efficiency, compliance and risk management of the supplier and procurement function. This includes end-to-end supplier management and the standardisation of processes and systems for over 300 suppliers with total annual payments exceeding $50M, excluding payroll. 

You will: 

• Manage external supplier relationships and provide hands-on support and subject matter expertise on procurement matters to Business Owners. This includes collaboration on supplier selection and contract negotiation, developing tenders and business cases, due diligence processes, and ongoing compliance and monitoring reviews. 

• Take ownership of Netwealth’s supplier register and overall responsibility for supplier-related policies, procedures and processes.  

• Implement a new supplier risk management system to facilitate the identification, assessment, and management of suppliers and related risks. This includes leading and communicating changes on supplier-related processes across Netwealth. 

• Ensure supplier selection and other material outsourcing arrangements prioritise ethical, sustainable, and diverse sourcing in alignment with Netwealth's policies. Additionally, the suppliers, agreements, ongoing assessments, and risk management complies with statutory and regulatory requirements (including APRA Prudential Standards CPS231 and CPS234 as well as upcoming CPS230 and Sustainability Standards).  

• Support the annual Modern Slavery Statement preparation and compliance process, working closely with stakeholders to ensure alignment with our statement and key commitments. 

• Collaborate with Legal, Risk and Compliance, IT Risk and Data Governance teams to ensure suppliers’ risks are appropriately assessed and managed in accordance with regulations and Netwealth’s policies. 

• Provide internal and external reporting on suppliers' ongoing performance in meeting service level agreements and compliance with statutory and regulatory requirements. 

• Manage stakeholders' expectations so that deliverables and key dates are understood and met. 

• Support a team culture to motivate and improve collective performance. 

About you

• Exceptional skills in managing procurement functions with experience in developing best procurement practices and policies. 

• Experience in complying with regulatory requirements, including APRA prudential standards (e.g., CPS231 & CPS234) and Modern Slavery Statement processes and obligations. 

• Excellent interpersonal and negotiation skills with a strong track record in commercial negotiation to successful outcomes and a knack for influencing and driving positive change. 

• Exceptional written and grammatical skills, adept at constructing well-considered, clear and succinct communications. 

• A collaborative mindset, adept at fostering teamwork and a culture of collaboration with different stakeholders 

• Great time management and the ability to manage shifting priorities in a dynamic environment. 

• Proven analytical with logical reasoning, high attention to detail and problem-solving abilities. 

• Exemplary personal integrity, demonstrating respect and empathy for others. 

Life At Netwealth

At Netwealth, people are our core strength, and we invest in our employees no matter what stage of life they are in.  When you're at your best, we're at our best!

We prioritise the growth of our employees, and you'll be able to learn and develop yourself and your career at Netwealth.  We provide access to further education and diverse training opportunities, and we actively support internal mobility.  32% of our jobs filled in 2023 were from internal candidates.

We have a flexible and adaptable hybrid working policy with the expectation you'll spend 4 days a fortnight coming into our state-of-the-art office.  We're located in the heart of Melbourne's CBD and have all the bells and whistles you would expect - including modern end of trip facilities for your commute to work, and breakfast provided daily.

We have a number of benefits that have been designed with a focus on health and well-being, support and growth.  Some of these include:

• Family-friendly workplace, with parental leave and a kid's holiday programme
• Wellness and lifestyle perks including discounted gym memberships, income protection, flu shots, wellness weeks, shopping and retail discounts, access to financial wellbeing services
• We're a social bunch and love to get together regularly, participating in corporate sporting events, games and trivia nights
• Employee Resource Groups - LGBTQIA, Women of Netwealth, Culture Group, Carers Group
• Support for community involvement through volunteering and our Netwealth Impact Group

Apply now!

Here at Netwealth, we support and encourage everyone to bring their genuine selves to work (it’s one of our core values), and we’re proud of our inclusive and diverse workforce.  We are committed to this through our gender equality, disability, LGBTQIA+, well-being and cultural initiatives.  We are proud to be endorsed and certified by Work180, Family Friendly Workplaces and Great Place to Work.

Are you curious about this opportunity but don't meet every single requirement? Research shows that we don't always apply to jobs we are interested in unless we meet every single qualification. If you are excited about this role but don't tick every box, we encourage you to apply anyway!  If you require any reasonable adjustments throughout the recruitment process, please let us know by emailing ******@netwealth.com.au