Procurement Contract Specialist

Required Qualifications:

• B.E /M. Tech (Electrical) and an MBA (Finance / Supply Chain Management) or in a related field.

• Candidate should have proven minimum 12 plus years of relevant experience as a Contracts Procurement Specialist or in a similar role, preferably in a Renewable Industry & must have handled 200 crores plus purchase or more.

• In-depth knowledge of procurement processes, best practices, and regulations.

• Familiarity with tendering terms and compliance requirements is highly desirable.

• Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Commercial Contracts Manager (CCCM) are preferred.

• Strong understanding of legal and commercial terms commonly used in contracts.

• Ability to work independently and collaboratively in a team environment.

Key Responsibilities:

• Manage the entire contract lifecycle, including drafting, negotiating, and executing contracts with vendors and suppliers.

• Collaborate with internal departments, including legal, finance, business development, engineering and operations, to develop procurement strategies and ensure compliance with company policies and procedures.

• Conduct thorough market research to identify potential contractors, EPC, vendors and suppliers, evaluate their capabilities, and negotiate favorable terms and conditions.

• Review and analyze contract terms, identifying potential risks, discrepancies, and opportunities for cost savings or process improvements.

• Monitor contract performance and compliance, ensuring that all parties fulfill their obligations and contractual requirements.

• Maintain accurate and up-to-date contract records and documentation, including contract changes, renewals, and amendments.

• Resolve any contractual disputes or issues that may arise, working closely with stakeholders to find mutually beneficial solutions.

• Stay up to date with industry trends, regulations, and best practices in procurement and contracts management, identifying opportunities for improvement and implementing changes as needed.

Contracts Procurement Specialist Required Skills:

• Strong understanding of procurement principles, contract law, and contract management.

• Excellent negotiation and communication skills, with the ability to effectively interact with vendors, suppliers, and internal stakeholders.

• Strong analytical and problem-solving abilities, with a keen attention to detail.

• Proficient in contract drafting and negotiation techniques, ensuring that contracts are comprehensive, legally sound, and aligned with business objectives.

• Ability to manage multiple projects simultaneously, prioritize tasks, and meet deadlines in a fast-paced environment.

• Proficient in using procurement tools, contract management software, and Microsoft Office Suite.