Coins.ph
Procurement Manager
TLDR
Join a fast-growing crypto brand leading in the Philippines, focusing on enhancing procurement strategies and supplier management to improve customer experiences and drive scalable growth.
Join the Pioneer Crypto Brand in the Philippines!
Coins is the most established crypto brand in The Philippines and has gained the trust of more than 18 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.
Coins is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Key Responsibilities
Requirements
1. Procurement Strategy & Planning
Formulate the company’s long-term and short-term procurement strategies, procurement plans, and cost control goals, combining the company’s business development needs, budget plans, and market trends.
Analyze procurement needs of various departments (technical, operations, administrative, trading support, etc.), sort out procurement categories (such as technical equipment, software services, office supplies, infrastructure, third-party services), and optimize procurement structure.
Track market price trends, industry supply and demand changes, and competitor procurement strategies, adjust procurement plans and strategies in a timely manner, and improve procurement cost-effectiveness.
Establish and improve procurement systems, processes, and standards, standardize procurement operations, and ensure the transparency, efficiency, and compliance of the procurement process.
2. Supplier Management
Develop and reserve high-quality suppliers, including supplier screening, qualification review (compliance, strength, service capability), and onboarding management, establishing a complete supplier database.
Conduct regular supplier evaluation (quality, price, delivery time, after-sales service, compliance), optimize supplier structure, eliminate unqualified suppliers, and maintain long-term and stable cooperative relationships with core suppliers.
Negotiate with suppliers on price, payment terms, delivery time, quality standards, and after-sales service, strive for favorable procurement conditions, and reduce procurement costs.
Handle supplier-related disputes and complaints, coordinate with suppliers to solve problems such as quality defects and delivery delays, and ensure supply stability.
3. Procurement Process Management
Oversee the entire procurement process, including procurement application review, supplier selection, quotation comparison, contract signing, order placement, delivery tracking, inspection and acceptance, payment settlement, and post-purchase follow-up.
Control procurement quality, formulate procurement quality standards, conduct incoming inspection and acceptance of procurement items, and ensure that the quality of purchased goods and services meets the company’s requirements.
Optimize the procurement process, improve procurement efficiency, reduce procurement cycles, and ensure that procurement needs are met in a timely manner to support the smooth operation of various departments.
Manage procurement documents (contracts, quotations, invoices, inspection reports, etc.), sort out and file them in a standardized manner, and ensure the completeness and traceability of procurement records.
4. Cost Control & Budget Management
Formulate procurement budget plans, strictly control procurement costs, track and analyze procurement budget execution, and ensure that procurement expenditures are within the budget.
Adopt cost-saving measures such as centralized procurement, bulk procurement, and long-term cooperation, reduce procurement costs on the premise of ensuring quality and supply stability.
Conduct cost analysis on procurement items, compare prices of different suppliers, and put forward cost optimization suggestions to improve the company’s cost competitiveness.
5. Compliance & Risk Control
Ensure that all procurement activities comply with global regulatory requirements (FATF, MiCA, local regulations) and the company’s compliance policies, including anti-corruption, anti-bribery, and fair competition requirements.
Establish procurement risk management mechanisms, identify and assess procurement risks (supply risk, price risk, quality risk, compliance risk), and formulate targeted risk mitigation measures.
Cooperate with the compliance team to complete procurement-related compliance audits, regulatory reporting, and internal inspections, and provide relevant procurement records and materials.
Strengthen internal supervision of the procurement process, prevent irregular procurement behaviors, and ensure the fairness and impartiality of procurement work.
6. Cross-departmental Collaboration
Communicate closely with technical, operations, administrative, finance, and compliance departments to understand their procurement needs, coordinate procurement resources, and ensure that procurement work is closely aligned with business needs.
Coordinate with the finance department to complete procurement payment settlement, reconcile procurement funds, and ensure the timeliness and accuracy of payments.
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Experience: 7+ years of procurement management work experience, including 3+ years of procurement team management experience; preferred experience in fintech, digital currency, payment, or financial institutions. Deep understanding of procurement processes, supplier management, and cost control in related industries.
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Professional Expertise:
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Proficient in the entire procurement process (supplier development, negotiation, contract management, order execution, etc.), with rich experience in supplier resource development and maintenance.
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Strong cost control awareness and capabilities, familiar with cost analysis methods and procurement cost-saving strategies, with a proven track record of cost reduction.
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Familiar with procurement compliance requirements and risk management methods, able to ensure that procurement work complies with regulatory and company policies.
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Proficient in using office software (Excel, Word, PowerPoint) and procurement management systems, able to efficiently complete procurement document sorting and data analysis.
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Understanding of the digital currency exchange industry is preferred, familiar with procurement needs of technical equipment, software services, and infrastructure in related fields.
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- Negotiation & Communication: Excellent negotiation skills, able to negotiate with suppliers to obtain favorable terms; good oral and written communication skills in both Chinese and English, able to effectively communicate with cross-departmental colleagues and suppliers.
- Professional Quality: Strong sense of responsibility, detail-oriented, proactive work attitude, able to work under pressure and complete work tasks on time.
- Education: Bachelor’s degree or above in Procurement and Supply Chain Management, Business Administration, Finance, or related fields; relevant professional certifications (such as CPSM, CPM) are preferred.
Preferred Qualifications
Has procurement management experience in compliant digital currency exchanges or fintech companies, familiar with procurement needs of core business links in related industries.
Has rich global supplier resources, especially in technical equipment, software services, and financial infrastructure fields.
Familiar with procurement compliance requirements in global markets (such as EU, Hong Kong, the United States) and has experience in handling cross-border procurement business.
Familiar with supply chain management knowledge, able to optimize the procurement supply chain and improve supply stability.
Join the Coins Team Now!
Meaningful Collaborations - The successful candidate will work cross-functionally with other relevant teams to carry out implementations that will improve and create an impact on customer experience.
Scalable Growth - Be part of a fast-growing organization with the vision to expand its territories outside APAC which will provide opportunities for career advancement.
A Space For Bright Ideas - Let your bright ideas be converted into meaningful changes! Coins culture welcomes new ideas backed up by data to create an impact.
Coins.ph is a leading crypto platform in the Philippines, trusted by over 18 million users. The mobile app allows for seamless buying and selling of various cryptocurrencies while providing a suite of essential financial services, all within a fully regulated framework that holds licenses from the Bangko Sentral ng Pilipinas.
Procurement Manager