Assistant Manager - Procurement

The AM/Manager – Procurement will support the centralized procurement function, ensuring timely sourcing, vendor evaluation, cost optimization, and adherence to internal governance processes for all goods and services required by Nuvama.

Roles and Responsibilities:

• Drive the sourcing strategy for Non-IT categories, AMC, facilities, admin services, HR services, marketing, and other organizational requirements.
• Conduct demand forecasting in collaboration with business units, HR, Finance, & Operations.
• Identify cost-saving opportunities, consolidate procurement requests, and ensure efficient vendor utilization.
• Manage the end-to-end procurement lifecycle including PR review, RFQ/RFP generation, bid evaluation, negotiation, PO issuance, contracting, delivery tracking, and closure.
• Conduct price benchmarking and total cost of ownership (TCO) comparisons.
• Maintain procurement documentation including quotes, comparative statements, approval notes, and agreement tracking.
• Ensure timely issuance of purchase orders through ERP (Oracle).
• Support Capex and Opex procurement processes, including annual budgeting cycles.
• Develop dynamic dashboards using MS Excel (Advanced), Power BI, and other internal tools. Publish scheduled reports for senior functionaries.
• Manage the empanelled vendor ecosystem: onboarding, evaluation, risk due diligence, performance monitoring, and contract renewals.
• Conduct vendor scorecard assessments (SLA adherence, TAT, quality, compliance). Facilitate periodic vendor reviews and maintain vendor performance logs.
• Ensure vendor compliance with InfoSec, legal, and regulatory mandates applicable in BFSI.

· Coordinate with Legal for drafting, reviewing, negotiating, and finalizing agreements, NDAs, SOWs, and addendums.

• Track contract expiries, renewals, termination clauses, and payment milestones.
• Ensure adherence to the company’s Procurement Policy, Delegation of Authority (DoA), and internal financial controls.
• Maintain audit-ready documentation for internal audit, statutory audit, and regulatory reviews.
• Track and escalate exceptions for necessary approvals.
• Review and verify vendor invoices before submitting to Finance for processing.
• Work closely with Finance for invoice reconciliation, GRN status, and payment processing.
• Assist in periodic policy updates based on business needs and cost trends.

Handle escalations and provide quick resolutions.

Qualifications:

• Graduate in any discipline.

• MBA in Supply Chain Management

  preferred.
• Certification in procurement (CIPS/ISM) is an added advantage.

Experience:

• 5-7 years in corporate Procurement roles.
• Experience in BFSI or large corporates preferred.