Procurement Analyst (Strategic Sourcing, Contract Negotiation)

Franklin templeton asset management (india)pvt

3 - 4 years

5 - 6 Lacs

hyderabad

Posted:12 hours ago| Platform:

Apply

Skills Required

procurement wealth management strategic sourcing asset management investment management medical insurance macros financial services analytics investment

Work Mode

Work from Office

Job Type

Full Time

Job Description

This Global Team is involved in various projects and opportunities across the globe, working on high value deals, strategic sourcing, supplier selection, commercial negotiations, contract reviews, category strategy and analytics.

What is the Enterprise Vendor Management group responsible for

The Enterprise Vendor Management team supports strategic initiatives and firm-wide objectives through the global management of labor and non-labor vendors for the purpose of delivering high quality vendor products and services to grow our investment management business, while optimizing the total cost of ownership.

What are the ongoing responsibilities of a Procurement Analyst

You will be a part of the Global team covering a multi hundred-million-dollar Technology Spend Portfolio
You will be with the Global Tech & Business teams to understand their requirements for services, products, and platforms
You will work on new opportunities, renewals, extensions, buying additional modules, and services
You will be responsible for completing the assigned sourcing and contracting requests, while ensuring all records are up to date
You will follow up on requests during various stages and provide regular updates to stakeholders in the business, technology, legal, infosec and data privacy teams
You will launch and conduct sourcing events and monitor the intake queues for technology products and services requests
You will be involved in supplier negotiations (including contracts, commercials, sourcing events)
You will review, comment, and redline contract documents (MSAs, SOWS, EULA, Order Forms & Others.)
You will partner with Legal to work through conflicting or difficult positions by thinking critically to provide recommendations or alternative options
You will manage complex high value sourcing projects from time to time, to ensure optimal pricing and mutually favorable contractual terms, while balancing risk and value
You will build partnerships with key stakeholders and leverage relationships to influence strategic sourcing initiatives

What ideal qualifications, skills & experience would help someone to be successful

Minimum of 3-4 years of experience in Strategic Sourcing, Procurement, and/or Vendor Management with a focus in the Technology category. (Financial services industry experience is preferred)
Minimum of bachelor s degree or equivalent experience
A reasonable understanding of sourcing and contracting principles & methodologies
Ability to perform data & spend analytics
Familiarity in reviewing contracts including general contract provisions, redlines, comments, etc.
Intermediate excel skills (Pivots, Formulas, Queries, Macros)
Familiarity in creating sourcing events, contract requests, and contract workspaces
Comfortable in dealing with ambiguity and navigating through situations without clear directions
Handle multiple, sometimes competing priorities and managing them with a calm, collected approach
Familiarity with Coupa, Ariba, Ivalua, GEP, OR other S2P application suites is a plus
Familiarity with data visualization tools (Power BI / Qlik / Tableau) is a plus

More Jobs at Franklin templeton asset management (india)pvt

Analyst - Investment & Trade Operations

Hyderabad

1 - 3 yrs

INR 3 - 5 Lacs

Manager - Internal Audit

Hyderabad

10 - 15 yrs

INR 30 - 40 Lacs

Senior Lead Executive

Chennai

3 - 10 yrs

INR 5 - 12 Lacs

Director-Research Scientist

Hyderabad

10 - 15 yrs

INR 30 - 35 Lacs

Product Architect - Artificial Intelligence

Hyderabad

5 - 10 yrs

INR 7 - 12 Lacs

Mock Interview

Practice Video Interview with JobPe AI

Start Job-Specific Interview

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.