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Associate - Sourcing & Procurement

5 months ago

Mumbai, India TIAA Full time

Procurement

The Procurement job participates in obtaining good/services required by the organization. Under general supervision, this job analyzes data and documentation regarding products, vendors, costs, profit margins and shipments. This job participates in reviews of bid proposals, pricing negotiations and the securing of contracts within budgetary scope for a variety of goods/services.

Key Responsibilities and Duties
- Participates in negotiations with suppliers and analyzes suppliers' operations to determine factors that affect prices and to determine lowest cost consistent with quality, reliability, and ability to meet required schedules.
- Completes necessary documentation detailing use of competitive bidding, obtaining purchase order approvals, and order expediting.
- Identifies, researches, and evaluates suppliers that meet the organization's standards of price, quality, timing, and reliability of supply.
- Documents policies and procedures for bid proposals and procurement of goods and services.
- Analyzes statistical data to determine feasibility of buying products and to establish price objectives.
- Reconciles outstanding invoices, works with receiving department to follow-up on back orders, and files closed purchase orders.
- Identifies opportunities for cost savings and participates in procurement process improvement activities.

Educational Requirements
- University (Degree) Preferred

Work Experience
- 2+ Years Required; 3+ Years Preferred

Career Level

6IC

Operations: Contract Management - End to End Life Cycle Management

Creation of Purchase Order

MIS

Updating of Document in Online Tools

Regular Contract Expiry Tracking and Communication to BU's

Contract Database Management

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Company Overview

TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization, with a focus on technology, operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

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