Procurement Manager

Key Responsibilities: ➢ Vendor Sourcing & Procurement Leadership • Support sourcing efforts for key vendors, including identifying suppliers, floating RFPs/RFQs, negotiating commercials, and finalizing contracts. • Own the vendor onboarding and documentation process in coordination with other departments. • Establish vendor evaluation criteria and conduct ongoing performance reviews for quality, cost, reliability, and service metrics. • Align procurement policies with financial controls and organizational needs. ➢ P2P Process Management • Oversee the full Procure-to-Pay cycle, from requisition to vendor payment. • Ensure POs, GRNs, and invoices are accurately tracked and matched in the P2P platform. • Drive usage and adoption of the P2P system, ensuring data integrity, workflow automation, and exception handling. • Collaborate with all teams to manage approval flows and resolve bottlenecks. ➢ Vendor Payments & Budget Control • Process and schedule payments in line with project budgets and vendor terms. • Track committed vs. actual spends, and ensure proper cost allocation to items and cost centers. • Monitor aging payables and drive timely payment releases with appropriate documentation. ➢ Fixed Asset Management • Maintain and update the Fixed Asset Register (FAR) for capitalized purchases and infrastructure investments. • Oversee tagging, physical verification, asset movement tracking, and depreciation schedules. • Ensure compliance with accounting standards and audit requirements related to asset control. ➢ Financial Reporting & Coordination • Provide accurate procurement, asset, and AP data for MIS, audits, and tax filings. • Collaborate with the finance team on month-end closure, ledger updates, and reconciliations. • Support statutory and internal audits with documentation on procurement, payments, and assets. ➢ Cross-functional Collaboration • Work closely with project managers, department heads, procurement coordinators, and finance team members to ensure process efficiency and compliance. • Act as a bridge between project needs and procurement execution, ensuring cost-effectiveness and financial alignment. Required Qualifications: ➢ 5 years of experience in finance, procurement, or P2P-focused roles. ➢ Bachelor's degree in Commerce, Finance, or Supply Chain (MBA or CA Inter preferred) ➢ Proven experience in vendor sourcing, negotiation, and P2P system usage. ➢ Good understanding of fixed asset accounting and maintaining FARs. ➢ Good understanding of accounting concepts, project budgeting, and cost controls . ➢ Familiarity with Indian taxation (GST, TDS) and regulatory compliance Additional Requirements: ➢ Strong commercial acumen with attention to detail. ➢ Excellent negotiation and relationship management skills. ➢ Process-oriented, analytical, and capable of driving change and automation. ➢ Effective communicator and collaborator across teams and hierarchies. Benefits: ➢ Competitive remuneration and benefits package. ➢ Opportunities for professional advancement and skill development. ➢ Supportive and collaborative work environment. ➢ The chance to make a significant contribution to the growth and expansion of the organization.