Category Contract Specialist

The role is responsible for supporting Contract Management activities in line with the directions from the Category/Contract leads,(including managing VEP, contract plans or triaged from the Procurement Portal), including providing commercial support, advice and insights to support Contract Owners and Category Managers for the assigned contracts/vendors with in their category,

Roles & Responsibilities :

- Proactive administration and management of assigned contracts inclusive of KPI's reporting if required, spend analytics, identification of scope creep and off-contract spend

- Provide ongoing commercial advice on the execution requirement s of assigned contracts/Master Services Agreement and support any Q&A from Contract Owners or Suppliers

- Support the buying channels requirements that are globally documented to ensure suppliers meeting their obligations for good content/catalogues and price lists that are kept up to date and accurate to drive contract compliance and budget compliance

- Support and coach suppliers and contract owners/OCMs to optimize supplier performance within the contract terms , keep abreast of spend against contracts and off-contract spend and work with Category leads and Contract Owners to help mitigate leakage

- Assists Category Leads/Management to identify any performance risks which and support governance requirements as needed

- Manage contract/scope variations in line with the Category plan, and help support dispute resolution for assigned contracts working with Category Leads and Contract Owners as appropriate

- Works collaboratively across Procurement including OCM teams and Business to support management of assigned contract portfolio to help preserve, maintain and uplift value and manage any performance risks

- Support Procurement Operations R2P processes by ensuring contract and catalogue content obligations from suppliers are met so information is update to date according to contract requirement

- Support business on supplier relationship management activities for 'category leading' suppliers.

This role is to perform Global Sourcing for Professional Services category. The role will support procurement for Consulting, Legal, HR services, audit, and advisory firms. This role involves having complete know how of the above category, understanding the market and contract management skills. This role needs deeper understanding of cross border sourcing transactions and global taxation.

- Relevant category procurement experience of 10-15 Years from Banking/Insurance/BFI/NBFC/Investment Banking/IT Services organization.

- High level of commercial acumen and strong negotiations skills

- Solid understanding of how to manager is and demonstrate procurement process disciplines

- Strategic thinker to problem solves within complex and ambiguous situations

- Strong communicator, stakeholder, and relationship management

- Understands risks and appropriate control options

- Strong commercial acumen with ability to analyse cost vs risk trade-offs,

- Results orientated

- Understanding of broader business context and key priorities across contract/category portfolio

- Understanding supply market dynamics, Third Party Risk and Regulatory requirements, relevant to spend areas

- Understanding of end-to-end procurement life cycle management across Strategy, Source to Contract, Supplier Relationship Management through to Req.toPay]].

Qualification : Should be Graduate or MBA

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