Location: Malad West, Mumbai. Experience Required: 4-5 years. Qualification: CA or MBA in Finance or MBA in Operations (SCM). About the Role: We are seeking a dynamic and detail-oriented professional to join our Finance team as a Commercials Manager. The ideal candidate will play a critical role in managing commercials, working closely with the procurement and vendor management teams to ensure cost optimization, process compliance, and effective P2P (Procure-to-Pay) cycle management. Key Responsibilities: Commercials Management: - Review, evaluate, and structure commercials for procurement proposals, vendor contracts, and service agreements. - Ensure alignment of commercials with internal budgeting, cost controls, and approval processes. - Support business teams in preparing cost-benefit analyses, commercial models, and financial justifications. Vendor Management & Negotiation: - Engage with vendors and service providers to drive competitive pricing and favorable commercial terms. - Lead commercial discussions and negotiations ensuring value-for-money procurement while maintaining strong vendor relationships. - Periodically review vendor performance and renegotiate terms where required. Procure-to-Pay (P2P) Process Oversight: - Ensure smooth execution and financial compliance of the P2P process. - Validate PRs (Purchase Requisitions), POs (Purchase Orders), GRNs (Goods Receipt Notes), and invoice processing in coordination with relevant teams. - Coordinate with accounts payable to ensure timely vendor payments and reconciliations. Contract and Documentation Review: - Collaborate with legal and procurement teams to review commercial clauses in contracts and ensure risk mitigation. - Maintain thorough documentation and audit trails for all commercial transactions and vendor interactions. Budgeting & Forecasting Support: - Assist in budgeting exercises for procurement spends and monitor adherence. - Analyze cost trends and propose optimization strategies across categories. Cross-Functional Collaboration: - Work closely with the procurement, operations, accounts payable, and legal teams. - Act as a finance business partner in vendor onboarding, project costing, and service-level tracking. Key Skills and Competencies: - Strong commercial acumen with negotiation and analytical skills. - Proficiency in financial modeling, cost analysis, and budget management. - In-depth knowledge of P2P lifecycle and vendor payment processes. - Excellent communication, stakeholder management, and interpersonal skills. - Ability to handle multiple vendors, contracts, and dynamic pricing structures. - Proficient in MS Excel, ERP systems like Tally ERP. Preferred Attributes: - Prior experience in a commercial finance role working closely with procurement or sourcing. - Experience in managing large volumes of vendor interactions and contracts. - Exposure to compliance, internal audits, and documentation best practices. - Familiarity with GST, TDS, and other statutory financial regulations impacting procurement.

Mumbai

LeadSpire - Commercial Manager 

Job Description for LeadSpire - Commercial Manager  in Leadspire Consulting in  Mumbai for (4-5) years of experience. Apply Now!