Procurement Specialist

2 weeks ago

Noida, Uttar Pradesh, India Paytm Full time
About Us:
Paytm is India's leading digital payments and financial services company, focused on driving consumers and merchants to its platform through various payment use cases. The company offers consumers services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag, and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm provides acquiring devices like Soundbox, EDC, QR, and Payment Gateway, where payment aggregation is done through PPI and other banks' financial instruments. To enhance merchants' business, Paytm offers commerce services through advertising and the Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans, and BNPL, sourced by its financial partners.

About the Role:
As a Procurement Specialist, you will be 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 the timely acquisition of hardware, software, and services necessary for maintaining a reliable and efficient business operations. Your key responsibilities will include identifying, evaluating, and selecting vendors for hardware, software, and HR/Professional services based on quality, cost, and reliability.

Key Responsibilities:
• Identify and evaluate 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.

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.

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