Job Description:

Objective:

- Ensure effective budgeting, forecasting, and spend management for procurement-related expenditures.

- Validate, monitor, and track procurement savings realization and report the financial impact of sourcing initiatives.

- Provide financial analysis and commercial insights to support sourcing strategies, vendor evaluations, and contract negotiations.

- Strengthen financial controls, compliance, and governance frameworks across procurement processes.

- Deliver actionable analytics, spend insights, and management reports to support business and procurement decision-making.

- Partner with cross-functional stakeholders including Procurement, Finance, Supply Chain, Operations, and Business teams to enhance operational and financial efficiency.

- Drive working capital improvement initiatives through effective payment terms management, inventory optimization, and cash flow enhancement.

- Support the development and implementation of procurement strategies aligned with organizational goals and profitability objectives.

- Identify opportunities for process improvement, automation, and enhanced spend visibility across procurement categories.

- Ensure adherence to company policies, procurement guidelines, and audit requirements.

Financial Business Partnering:

- Partner with Procurement, Supply Chain, and Business stakeholders for financial decision-making.

- Support category managers in evaluating sourcing strategies and vendor commercial proposals.

- Provide financial insights to improve procurement efficiency and cost competitiveness.

Budgeting & Forecasting:

- Lead procurement-related budgeting and forecasting activities.

- Monitor procurement spent against budgets and identify risks/opportunities.

- Prepare monthly, quarterly, and annual spend analysis reports.

Cost Optimization & Savings Tracking:

- Validate and track procurement savings initiatives.

- Drive cost reduction programs across direct and indirect spending categories.

- Monitor realization of negotiated savings and report financial impact.

Financial Analysis:

- Conduct spends analytics, vendor profitability, and cost-benefit analysis.

- Develop dashboards and MIS reports for leadership review.

- Analyze procurement trends and recommend corrective actions.

Governance & Controls:

- Ensure compliance with procurement policies, financial controls, and approval matrices.

- Support internal and external audits related to procurement transactions.

- Monitor contract compliance and vendor payment governance.

Stakeholder Management:

- Collaborate with Procurement, Operations, Supply Chain, Commercial, and Finance teams.

- Present insights and recommendations to senior leadership.

- Drive cross-functional initiatives for process improvement.

Direct Reports: Individual Contributor (functional teams at business units/zones will support)

Geographical Scope: Pan India

Reports To: VP - BSS, Treasury & Procurement Finance

Key Customers:

Internal Customers: Corporate Finance, FSS/BSS, Zonal Finance and Taxation, Corporate Supply Chain, Treasury Commercial and procurement department

External Customers: Tax Consultant, Lawyers, Law firms, Regulatory Authorities

Job Requirements:

Qualifications: CA/CMA/MBA

Experience: 8 - 16 years

Functional Skills:

- Procurement Finance & Business Partnering

- Strategic Sourcing Financial Evaluation

- Spend Analytics & Cost Management

- Savings Identification, Validation & Tracking

- Budgeting, Forecasting & Financial Planning

- Commercial Finance & Cost Benefit Analysis

- Vendor Financial Assessment & Due Diligence

- Contract Commercial Review & Negotiation Support

- Working Capital Management

- Financial Modeling & Scenario Analysis

- Procurement Performance Management

- Management Information Systems (MIS) & Reporting

- Financial Controls, Compliance & Governance

- Supply Chain Finance & Inventory Cost Analysis

- Cash Flow & Payment Terms Optimization

- ERP Systems (SAP, Oracle, Ariba, Coupa, etc.)

- Data Analytics, Power BI & Advanced Excel

- Cross-functional Stakeholder Management

- Process Improvement & Automation

- Audit Management & Risk Assessment