Role & responsibilities -The Assistant General Manager CAPEX Procurement will be responsible for leading and managing the procurement of capital equipment, machinery, and large-scale infrastructure or technology investments. The role includes strategic sourcing, vendor management, contract negotiations, cost control, and ensuring timely delivery aligned with project timelines. Key Responsibilities: 1. Strategic Sourcing & Planning: Develop and implement CAPEX procurement strategies aligned with company goals. Collaborate with project, engineering, and finance teams to understand CAPEX needs and budget constraints. Analyze market trends and supplier landscapes for major equipment and services. 2. Procurement Management: Lead the end-to-end procurement process for capital goods, including tendering, evaluation, negotiation, and contract finalization. Ensure timely procurement to meet project schedules and avoid cost overruns. Maintain a robust and compliant procurement process aligned with internal controls and audit requirements. 3. Vendor & Contract Management: Identify, evaluate, and onboard reliable suppliers and OEMs. Negotiate long-term contracts with vendors ensuring quality, cost-effectiveness, and service levels. Monitor vendor performance, delivery schedules, and contract compliance. 4. Cost & Risk Management: Drive cost-saving initiatives through value engineering, alternate sourcing, and total cost of ownership analysis. Identify procurement-related risks and develop mitigation strategies. Ensure procurement activities adhere to budgets, with regular reporting to management. 5. Team & Stakeholder Management: Lead and mentor the CAPEX procurement team. Coordinate with internal stakeholders (Engineering, Projects, Legal, Finance, etc.) for approvals and smooth execution. Present procurement updates and performance reports to senior leadership. Key Requirements: Education: Bachelors Degree in Engineering / Supply Chain / Business Management. MBA or PG Diploma in Supply Chain / Materials Management (preferred). Experience: 10–15 years of experience in procurement with a strong focus on capital equipment and project procurement. Minimum 3–5 years in a leadership or managerial role. Experience in handling large projects or greenfield / brownfield expansions is a plus. Skills: Strong negotiation and vendor management skills. Excellent knowledge of procurement processes, tendering norms, and contract management. Familiarity with SAP / ERP systems for procurement. Strong analytical and communication skills. Ability to manage multiple projects and priorities. Preferred Industries: Manufacturing Infrastructure Energy / Power / Renewables Pharmaceuticals / FMCG / Cement / Steel Compensation: As per industry standards and experience.
Role & responsibilities - We are looking for a detail-oriented and analytical Assistant General Manager Revenue Assurance (Accounts) to oversee and manage revenue assurance functions in our insurance business. This role is critical in ensuring the accuracy, completeness, and integrity of premium revenues, preventing revenue leakage, and implementing strong financial controls across all channels and products. The ideal candidate will have a deep understanding of revenue cycles in the insurance industry, strong reconciliation and audit experience, and the ability to liaise with cross-functional teams to resolve discrepancies and ensure compliance. Revenue Assurance & Leak Prevention Monitor end-to-end revenue lifecycle (premium booking, collection, adjustment, refund) to identify and prevent revenue leakage. Develop and implement control frameworks for detecting anomalies in revenue data (e.g., policy issuance vs. premium collected). Ensure accurate and timely accounting of all revenue-related transactions. Account Reconciliations & Controls Oversee periodic reconciliations of premium collections with bank statements, intermediaries, payment gateways, and core insurance systems. Investigate and resolve mismatches or outstanding entries in premium receivables, advances, or suspense accounts. Ensure proper accounting treatment of cancellations, endorsements, refunds, and reversals. Reporting & Compliance Prepare and review daily/weekly/monthly revenue assurance reports for internal stakeholders and auditors. Ensure compliance with IRDAI regulations, IND AS/IFRS standards, and internal policies. Support internal, statutory, and regulatory audits with relevant reconciliations and documentation. Process Improvement & Automation Identify gaps in existing processes and lead initiatives to enhance automation, accuracy, and efficiency in revenue assurance. Coordinate with IT, finance, and operations teams to ensure data consistency across systems (policy admin, ERP, bank interface). Contribute to system integration projects and finance transformation initiatives. Team & Stakeholder Management Lead and mentor a team responsible for revenue assurance and reconciliations. Work closely with underwriting, claims, finance, compliance, and audit teams to ensure smooth revenue flow and reporting. Serve as a key contact point for resolving escalated issues related to revenue discrepancies.