Team Member

3 weeks ago

Mumbai, India Axis Asset Management Company Full time

Job Title: Team Member - Procurement

Department: Finance

Position Grade Range: Basis eligibility and evaluation

Location: Lower Parel, Mumbai

Who we Are?

Axis Asset Management Company Ltd (Axis AMC), founded in 2009, is one of Indias largest and fastest-growing mutual funds. We proudly serve over 1.3 crore customers across 100+ cities with utmost humility.

Our success is built on three founding principles:

  • Long Term Wealth Creation
  • Customer-Centric Approach
  • Sustainable Relationships

Our investment philosophy emphasizes risk management and encourages partners and investors to move from transactional investing to fulfilling critical life goals. We offer a diverse range of investment solutions to help customers achieve financial independence and a happier tomorrow.

Our recent accolades:

  • Great Place to Work Certification (Feb 2024- Feb 2025)
  • Brandon Hall Group HCM Excellence Awards for Learning & Development Silver Award
  • Morningstar Awards 2022: Best Fund House: Equity, Debt & Overall
  • Outlook Money Awards 2021: GOLD in Equity AMC of the Year 2021
  • World Leadership Congress & Awards 2022: Business Transformation Leadership Awards Digital Transformation Project (Mobile App)

Key Responsibilities:

The Team Member - Procurement will manage sourcing, vendor onboarding, contract execution, and SLA governance processes. The role is highly commercial in nature and requires close coordination with legal, finance, compliance, risk, and different business teams.

  • Develop and execute category strategies for Non-IT spend areas.
  • Identify suitable vendors and run RFP/RFQ processes ensuring competitive bidding
  • Partner with business stakeholders for vendor evaluation and selection
  • Build and maintain strong supplier relationships, conduct performance reviews.
  • Drive negotiations on commercial terms, payment schedules, and total contract value for various requirements including special projects, in comparison to industry benchmarks
  • Ensure process compliance, risk mitigation, and audit readiness in all sourcing activities
  • Ensure procurement practices align with internal policies and regulatory standards

What makes you a Great Fit?

  • Educational Background: Graduate/Postgraduate or Full-time MBA.
  • Experience: 3-5 years of experience in in strategic sourcing, vendor management, and commercial negotiations.
  • Skills: Strong communication, interpersonal, and negotiation skills.
  • Strong understanding of procurement lifecycle and category strategy.
  • Expertise in contract law and commercial terms.
  • Proficiency in procurement tools and P2P systems.

"Axis AMC is an equal opportunity employer, committed to fostering an inclusive and diverse workplace."

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