Assistant Manager - Procurement

The AM/Manager – Procurement will support the centralized procurement function, ensuring timely sourcing, vendor evaluation, cost optimization, and adherence to internal governance processes for all goods and services required by Nuvama.Roles and Responsibilities:- Drive the sourcing strategy for Non-IT categories, AMC, facilities, admin services, HR services, marketing, and other organizational requirements. - Conduct demand forecasting in collaboration with business units, HR, Finance, & Operations. - Identify cost-saving opportunities, consolidate procurement requests, and ensure efficient vendor utilization. - Manage the end-to-end procurement lifecycle including PR review, RFQ/RFP generation, bid evaluation, negotiation, PO issuance, contracting, delivery tracking, and closure. - Conduct price benchmarking and total cost of ownership (TCO) comparisons. - Maintain procurement documentation including quotes, comparative statements, approval notes, and agreement tracking. - Ensure timely issuance of purchase orders through ERP (Oracle). - Support Capex and Opex procurement processes, including annual budgeting cycles. - Develop dynamic dashboards using MS Excel (Advanced), Power BI, and other internal tools. Publish scheduled reports for senior functionaries. - Manage the empanelled vendor ecosystem: onboarding, evaluation, risk due diligence, performance monitoring, and contract renewals. - Conduct vendor scorecard assessments (SLA adherence, TAT, quality, compliance). Facilitate periodic vendor reviews and maintain vendor performance logs. - Ensure vendor compliance with InfoSec, legal, and regulatory mandates applicable in BFSI.· Coordinate with Legal for drafting, reviewing, negotiating, and finalizing agreements, NDAs, SOWs, and addendums.- Track contract expiries, renewals, termination clauses, and payment milestones. - Ensure adherence to the company’s Procurement Policy, Delegation of Authority (DoA), and internal financial controls. - Maintain audit-ready documentation for internal audit, statutory audit, and regulatory reviews. - Track and escalate exceptions for necessary approvals. - Review and verify vendor invoices before submitting to Finance for processing. - Work closely with Finance for invoice reconciliation, GRN status, and payment processing. - Assist in periodic policy updates based on business needs and cost trends.Handle escalations and provide quick resolutions.Qualifications:- Graduate in any discipline. - MBA in Supply Chain Management preferred. - Certification in procurement (CIPS/ISM) is an added advantage.Experience:- 5-7 years in corporate Procurement roles. - Experience in BFSI or large corporates preferred.

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