Job Title: Procurement Professional
Location: Mumbai
Experience: 8 - 10 Years
Domain: BFSI
- End-to-End Procurement: Manage procurement activities from requirement gathering, quotation evaluation and approvals through PO issuance, service completion and closure.
- Vendor Management: Handle vendor onboarding, documentation, commercial negotiations, performance monitoring, renewals and day-to-day coordination.
- Quotation & Rate Negotiation: Obtain and evaluate quotations, prepare comparative statements, negotiate rates and commercial terms, and ensure competitive pricing.
- PO & Contract Management: Manage purchase orders, vendor agreements, SLAs, rate contracts, renewals and related commercial documentation.
- Invoice & Payment Coordination: Verify invoices against POs, agreements and service delivery, and resolve billing and payment discrepancies with vendors and Finance.
- Spend & Cost Management: Monitor procurement spend and budgets, identify cost-saving opportunities and drive commercial efficiency.
- Vendor Compliance & Governance: Ensure vendor documentation, statutory requirements, approvals and procurement records are complete and audit-ready.
- Related Party Procurement: Manage quotation comparisons, commercial justification and supporting documentation for related-party transactions.
- Vendor Performance & Stakeholder Management: Monitor service delivery and SLAs while coordinating with Administration, Facilities, Finance, Legal, Compliance and Operations.
- BFSI / Multi-Entity Procurement: Experience managing operational procurement across Banking, NBFC, Insurance or BFSI group entities, preferably across multiple locations.
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