Procurement Specialist

4 weeks ago

Noida, Uttar Pradesh, India Paytm Full time
About Us:Paytm is a leading digital payments and financial services company in India, focused on driving consumer and merchant adoption through various payment use cases. Our services include utility payments, money transfers, and payment instruments like Paytm Wallet, Paytm UPI, and Paytm Payments Bank Netbanking. We also offer merchants acquiring devices, payment gateways, and commerce services through advertising and the Paytm Mini app store. To further enhance merchant businesses, we offer credit services such as merchant loans, personal loans, and Buy Now, Pay Later (BNPL) sourced by our financial partners.

About the Role:The Procurement Specialist is responsible for procurement and management of HR/Admin or Non-IT related goods and services to support the organization's infrastructure and operations. This role involves liaising with vendors, negotiating contracts, and ensuring timely acquisition of hardware, software, and services necessary for maintaining reliable and efficient business operations.

Key Responsibilities:
  • Identify, evaluate, and select vendors for hardware, software, and HR/Professional services based on quality, cost, and reliability.
  • Cultivate and maintain strong relationships with vendors to ensure favorable pricing, terms, and service levels.
  • Negotiate contracts, licenses, and service agreements with vendors to achieve optimal terms and conditions.
  • Collaborate with internal stakeholders to understand their requirements and develop procurement strategies aligned with organizational objectives.
  • Generate purchase orders and ensure timely processing of procurement requests, adhering to budgetary constraints and procurement policies.
  • Monitor and track the status of orders, ensuring on-time delivery and resolving any issues or delays with vendors.
  • Provide proactive support in new source identification, assessment, and evaluation as per strategic sourcing process (RFP/RFQ) followed by PO documentation and compliance.

Requirements:
  • Bachelor's degree in Information Technology, Business Administration, or related field with 6+ years of experience.
  • Proven experience in Non-IT (HR & Admin) procurement, contract negotiation, and vendor management.
  • Strong understanding of HR & Admin functions.
  • Familiarity with procurement processes, including purchase requisition, purchase order issuance, and invoice reconciliation.
  • Proficiency in using procurement software and tools for vendor management and contract administration.
  • Excellent analytical and problem-solving skills, with a focus on cost optimization and value maximization.
  • Effective communication and negotiation skills, both verbal and written.
  • Detail-oriented with a commitment to accuracy and compliance.
  • Ability to work independently and collaboratively in a fast-paced environment.

Why Join Us:A collaborative output-driven program that brings cohesiveness across businesses through technology. Improve the average revenue per user by increasing cross-sell opportunities. A solid 360-degree feedback from peer teams on your support of their goals.

Compensation:

If you are the right fit, we believe in creating wealth for you with enviable 500 mn+ registered users, 21 mn+ merchants, and depth of data in our ecosystem. We are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India's largest digital lending story is brewing here. It's your opportunity to be a part of the story

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