Buyer at Moniepoint Incorporated

Moniepoint Incorporated is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.

We are recruiting to fill the position below:

Job Title: Buyer

Location: Lagos, Nigeria

Role Overview

• As a Buyer, you will be responsible for sourcing, negotiating, and managing vendor relationships with manufacturers and distributors. 
• You will drive strategic purchasing decisions that align with sales trends, working capital constraints, and margin goals. 

Key Responsibilities
Vendor Management:

• Identify, evaluate, and onboard a wide network of manufacturers, brand owners, and distributors.
• Build strong vendor partnerships to unlock better pricing, payment terms, and long-term collaboration.
• Negotiate contracts covering supply, delivery, returns, expiry handling, credit terms, and rebates.

Strategic Buying & Demand Planning:

• Collaborate with sales and data teams for product selection, demand forecasting, and replenishment planning.
• Implement automated reordering models based on historical sales and seasonality.
• Ensure optimal inventory availability while minimizing overstock and working capital impact.

Commercial Optimization:

• Drive profitability by maximizing margins and backend incentives like volume rebates, slotting fees, and co-marketing support.
• Set pricing structures in collaboration with finance and marketing teams.
• Constantly benchmark suppliers for cost competitiveness.

Catalogue & Assortment Management:

• Develop and manage product catalogs, ensuring high quality, accurate SKUs, and categorization.
• Expand assortment based on customer insights, regional trends, and whitespace opportunities.
• Remove underperforming SKUs and manage lifecycle planning of products.

Compliance, Audit & Risk Management:

• Ensure all supplier transactions comply with statutory, audit, and tax standards.
• Manage risk with diversified sourcing, credit vetting, and legal contracts.
• Monitor supplier performance via SLAs and implement penalties for non-compliance.

Budgeting & Financial Stewardship:

• Plan procurement budgets and align with finance to ensure discipline in working capital usage.
• Track purchase spends, forecast cash flow impact, and analyze purchase-to-sales ratios.

Cross-Functional Collaboration:

• Coordinate closely with warehouse, logistics, marketing, finance, and product teams to ensure seamless execution.
• Support launch of new geographies by activating local vendor networks.
• Feed procurement data into systems for end-to-end visibility.

Tech & Reporting:

• Maintain and update purchase dashboards, vendor performance reports, and price fluctuation trackers.
• Leverage tools like ERP, BI dashboards, and procurement software to automate buying workflows.

Qualifications & Requirements

• Candidates should possess a Bachelor's degree in Business, Supply Chain, or related field. MBA is a plus.
• 6+ years of experience in procurement, buying, merchandising, or sourcing roles; B2B, FMCG, or e-commerce experience preferred.
• Strong negotiation and commercial acumen.
• Deep knowledge of tax, compliance, contracts, and vendor management.
• Proficiency in Excel and familiarity with ERP tools.

What We Offer

• Competitive salary and performance bonuses
• Exposure to high-growth e-commerce operations
• Dynamic and fast-paced work culture
• Medical and wellness benefits
• The opportunity to shape commerce infrastructure in Africa

What we can offer you:

• Culture: We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning: We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation: You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

What to expect in the hiring process

• A preliminary phone call with the recruiter
• An interview with a business lead.
• A behavioural and technical interview with a member of the executive team.