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VP/AVP - Procurement

10 - 20 years

35 - 50 Lacs

Posted:3 months ago| Platform: Naukri logo

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Work from Office

Job Type

Full Time

Job Description

Key highlights of the role are listed below (purely indicative and not limiting): Develop and execute procurement strategies to ensure cost savings, efficiency, and compliance with company policies. Oversee end-to-end procurement processes, including supplier selection, contract negotiations, and vendor performance management. Drive innovation in procurement strategies and processes to improve efficiency, reduce procurement lead times, and enhance data-driven decision-making. Collaborate with senior leadership to forecast procurement needs and ensure the timely acquisition of resources. Manage procurement financials, including budgeting, forecasting, and accounting, in coordination with the Finance team. Monitor and control procurement expenses, identify opportunities for cost savings, and implement initiatives to reduce procurement costs without compromising quality. Analyze market trends and economic conditions to make informed purchasing decisions. Ensure timely review and renewal of agreements or release new RFPs as per business requirements. Work closely with suppliers to optimize key procurement processes and enhance value delivery. Ensure the processes to be governed under CVC guidelines. Leverage technology for procurement efficiency, including e-auctions and e-tendering platforms. Develop strong internal stakeholder relationships to support business needs and drive cross-functional collaboration. Lead vendor selection and evaluation to ensure alignment with business needs and quality standards Oversee budget management for external vendor contracts, ensuring cost efficiencies and minimizing financial risk Oversee the negotiation of contracts, terms, and conditions with external vendors to ensure favourable pricing, service level agreements (SLAs), and compliance with regulatory and security standards Track and report compliance for all outsourced activities, ensuring adherence to regulatory and internal standards. Monitor regulatory changes, industry trends, and best practices to enhance procurement and administrative functions. Oversee key administrative functions, including facility management, vendor contracts for office services, and operational support activities Drive efficiency in office management, logistics, and other general administrative services. Ensure efficient and effective operations, and promoting a positive work environment Ensure compliance with health, safety, and regulatory standards in all administrative and procurement activities Manage office infrastructure, utilities, and maintenance to ensure a smooth and productive work environment. Supervise front-office operations, travel management, employee transport services, and cafeteria operations. Applicants should possess the following attributes: Strong contract management and negotiation skills. Proficiency in procurement technologies, including e-auctions and etendering. Understanding budget management, cost control, and expense optimization related to administrative and procurement functions. Should have deep understanding of compliance, regulatory requirements, risk management in procurement and knowledge on CVC guidelines. Analytical mindset with strong decision-making and problem-solving skills. Ability to manage multiple stakeholders and work in a fast-paced environment. Excellent communication, leadership, and team-building skills.

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Fintech

Fintech City

50-100 Employees

87 Jobs

    Key People

  • Alice Smith

    CEO
  • John Doe

    CTO

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