Procurement Executive

3 weeks ago

Hyderabad, India HighRadius Full time

**Job Summary**

Responsible for the management of commercial and contractual aspects within the IT spend category. A key part of the role includes developing and maintaining successful relationships with suppliers, peers, and internal business partners.

**Key Responsibilities**
- Interact with the vendor to collate the necessary documents for vendor registration in ERP.
- Cross-check all the documents submitted by vendors.
- Registration of the vendor in the ERP once all the necessary documents are in place.
- Basis the approved PRs in the ERP, and create purchase orders in the ERP for the finalized vendors.
- On an ongoing basis, maintain the MIS for specific categories/teams.
- Follow up with Finance on payment release to vendors for the respective POs.
- Use Docusign to get the contract signed by the respective signatories from HighRadius and vendors.
- Uploading of contract and necessary details in the Contract Repository tool once it is implemented.
- Assisting Category leads in the preparation of commercial bid comparatives.
- Ensure proper spending categorization.
- KPIs/ metrics, SLAs, acceptance criteria, commercials, risk/reward provisions, etc.
- Manage senior stakeholders and establish relationships.
- Advise internal business partners on end-to-end procurement process, policies, templates, RACI, deal risks, and risk mitigation steps as part of the procurement process or contracting. Articulate the pros and cons of and requirements for various commercial & engagement model options (e.g., managed capacity, managed outcome, managed services, gain-share, etc.) for a particular deal.
- Ensure full Procure-to-Contract compliance with all applicable sourcing processes, policies, etc.
- Consolidate supplier base and pursue, where relevant, alternative sources ensuring uninterrupted supply of services, delivered in a cost-effective and quality manner.
- Conduct periodic market research for the assigned categories, incl. monitoring of market trends and supply/demand factors, and legal dictates to help in the decision-making process to meet the strategic goals of the organization. Answer contract commercial/rate card / legal / business term inquiries on existing contracts.
- Establish regular communications with the key internal business partners, to ensure agreement and adoption of category strategies, ongoing review of activities undertaken, and maintenance of strong client service. Lead proactive Contract Renewal/ Expiry reviews, and re-source or amend per internal strategy.
- Accurate and continuous collection and reporting of projects managed, contracts concluded, and their associated expenditure and financial impacts.

**Qualification**:

- Minimum 1-4 years of experience in sourcing or procurement.
- Hands-on experience in ERPs like NetSuite, Ariba, Oracle
- Understanding of how to analyze a category cost structure.
- Good Stake Holder Management Skills.
- Strong Data Management and Analytics Skills.
- Strong negotiation and influencing Skills.
- Strong understanding of end-to-end Source/ Procure-to-Pay processes and tools.
- Experience working within a very strong compliance and regulatory culture, driving policies and procedures, both internally and externally.
- Strong risk and control culture and an understanding of Supplier Screening programs with the ability to evaluate and mitigate any associated potential business risk.
- Ability to proactively identify the material, unmitigated business, or contract risks on a particular deal, articulate effectively to stakeholders, and find appropriate solutions.
- Tenacious and resilient approach. Skilled in building relationships; confident, firm, empowering, and positive in his/her attitude towards people and of personal stature and reputation to ensure ready acceptance within the company and to create a favorable representation of the company department internally and to external parties.
- Collaborative style, including experience navigating through matrix organizational responsibilities, organizational change, and working across all global regions, global time zones, and teams to elicit successful and collaborative approaches and solutions.
- Proactive, hands-on approach and strong organizational skills with the capability to manage an increasing book of work overtime and the ability to juggle multiple priorities and types of work.
- Excellent English communication skills (verbal & written, incl. contracting) are required.
- Engineering Graduate
- IT
- IT/IS
- Banking
- BPO / Management Consultancy

**About Us**:
HighRadius offers cloud-based Autonomous Software for the Office of the CFO. More than 700 of the world's leading companies have transformed their order to cash, treasury and record to report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey's and many more.

We at HighRadius firmly believe that a product is only as good as the people behind it. Whether it's produ

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