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Head - Technology Procurement

4 months ago

gurgaon, India Max Life Insurance Company Limited Full time
Technology Procurement Lead is responsible for all direct & Indirect technology sourcing needs across business operations and corporate functions. He/she would be instrumental in identifying, building and managing effective relationships, with key suppliers and in improving the performance and capability of all significant sources of supply.
Effectively utilize strategic sourcing and supplier relationship management processes to achieve company goals of securing continuity of supply of goods and services, reducing total cost of ownership, improving supplier quality, establishing external partnerships to accelerate innovation and lead identification and execution of cost optimization initiatives. Support organizational strategies to achieve corporate objectives.
Effectively manage the annual Technology Spend of INR 350 Cr+ across hardware, software, cloud, application development, digital initiatives, maintenance, and support services.
Deliver KPIs of cost reduction, cost avoidance, quality of services, timely deliveries, risk management, stakeholder engagement, controls and compliances, .
Develops and execute Source to Contract Cycle and Category Management Strategy.
Develop and maintain robust eco-system of vendor partners, consolidate spend, reduce the use of non-strategic suppliers, implement supplier-sourcing strategies to ensure cost competitiveness.
Create and negotiate high impact outcome focused commercial structures
Lead and build a strong, talented team, and an effective structure leveraging best practices to deliver wider organization goals.
Contribute in establishing robust procurement systems & processes.
Provide hands-on support & guidance to the team in analyzing procurement spend, contract negotiation, supplier qualification and selection.
Ensure all established costs, quality, and delivery commitments are met.
Lead all aspects of supplier, outsourcing partner negotiations, including contract terms, pricing and performance management.
Adherence to ever evolving control and compliance requirements for corporate governance, fair and ethical practices
Third party risk management related to Technology vendor partners
Max Life Insurance is a fast -growing company (annual sales turnover of ~ $3 Bn). Its one of the largest private insurance companies in India.
Insurance industry is at cusp of explosive growth amid growing market size and federal focus to ensure Insurance for all. Job holder will have the opportunity to support shaping the future of Max Life Insurance and sustain its profitable growth path.
Professional Qualification
Engineering Degree /Graduation in Materials or Supply Chain Management or Operations Management
Preferred MBA or CPSM / equivalent certification
Desired Skills & Experience
15 + years of sourcing and procurement experience. Strong experience in deploying strategic sourcing plans and delivering KPIs (Savings, Quality of Service, Risk Management, Digitalization, Controls & Compliances).
In-depth understanding and expertise in technology sourcing across multiple business use cases.
Adept in understanding of technology alternatives, cloud sourcing and negotiation, design and negotiation of high value high impact deals
In-depth understanding and proven relationships in vendor eco-system comprising of large blue chip companies across diverse technology product and service offerings, Tier 2 local vendors and local taxation.
Proven expertise in managing a spend of Rs 200 Cr+ and leading team of buyers
Proven expertise in stakeholder management (supplier relationship and business stakeholders)
Ability to work in as fast – paced, entrepreneurial environment
Strong compliance mindset, with ability to build & implement robust system & processes
Proficiency in Source to Contract Systems and Procure to Pay ERP systems.
Prior experience of designing and implementing processes and systems