Head - Procurement & Payment - BFSI/FinTech - Contractual

Job Description:

We are looking for an experienced professional to lead the Procurement & Payments function, ensuring efficient sourcing, strong vendor management, timely payments, and end-to-end compliance. The ideal candidate should have deep expertise in procurement policies, vendor negotiations, onboarding, and MSME-related payment compliance.

Key Responsibilities:

- Develop, implement, and optimize procurement policies, processes, and best practices.

- Lead vendor negotiations to achieve cost efficiency, quality standards, and service excellence.

- Oversee vendor due diligence, onboarding procedures, and statutory compliance checks.

- Ensure timely issuance of Purchase Orders (POs) and smooth end-to-end procurement workflows.

- Monitor and manage payment cycles, ensuring accuracy, timeliness, and compliance with internal SLAs.

- Ensure adherence to MSME payment compliance, statutory timelines, and regulatory guidelines.

- Coordinate with internal teams (finance, legal, operations) to ensure seamless vendor engagement and payment processing.

- Maintain strong vendor relationships and continuously improve procurement effectiveness.

- Track procurement KPIs, cost savings, and process efficiencies; prepare periodic MIS and dashboards.

Required Skills & Qualifications:

- 8-10 years of relevant experience in procurement, vendor management, and payments.

- Strong understanding of procurement policies, contracting frameworks, and compliance requirements.

- Expertise in vendor evaluation, negotiation, onboarding, and risk assessment.

- Good knowledge of MSME regulations, payment compliance norms, and statutory frameworks.

- Proficiency in MS Office, ERP procurement modules, and workflow tools.

- Strong communication, negotiation, and stakeholder management skills.

- Ability to lead teams and drive process improvements.

Preferred Qualifications:

- MBA/PGDM in Supply Chain, Finance, or Operations.

- Prior experience in BFSI, fintech, or large corporate procurement functions.