Assistant Vice President - Procurement Function - Life Insurance

Our Client is a well established Life Insurance Company. Established in 2011, the company is part of India's leading diversified financial services organization.

Position/ Title - AVP (Procurement Function)

Experience - 12 - 16 years of proven working experience as a Head of Procurement.

Qualification - Post Graduation /MBA/Cost Accountant and specialized in supply chain management, logistics or procurement administration.

Roles & Responsibilities :

- Devise and use fruitful sourcing strategies.

- Discover profitable suppliers and initiate business and organization partnerships

- Negotiate with external vendors to secure advantageous terms

- Approve the ordering of necessary goods and services

- Finalize purchase details of orders and deliveries

- Examine and test existing contracts and new contract management.

- Track and report key functional metrics to reduce expenses and improve effectiveness

- Collaborate with key persons to ensure clarity of the specifications and expectations of the company

- Foresee alterations in the comparative negotiating ability of suppliers and clients

- Expect unfavorable events through analysis of data and prepare control strategies

- Perform risk management for supply contracts and agreements

- Control spends and builds a culture of long-term saving on procurement costs.

- Overall management of procure to pay process and system.

Soft Skill Requirements:

- Strong negotiations skill and networking.

- Aptitude in decision-making and working with numbers

- Experience in collecting and analyzing data

- Strong leadership capabilities.

- Good interpersonal skills/stake holder management.

- System - Process acumen