Senior Procurement Specialist

1 day ago

Bengaluru, Karnataka, India beBeeprocurement Full time ₹ 17,19,000 - ₹ 23,94,000
Procurement Expert Role Overview

This position oversees the procurement function, ensuring alignment with strategic objectives. The Procurement Expert will lead and manage back-office processes, including vendor management, financial reporting, and project budgets.

Main Responsibilities:

  • Develop effective controls for purchasing processes.
  • Review control design and operating effectiveness regularly.
  • Evaluate non-compliance issues during audits.
  • C coordinate budget approvals and allocations for projects, aligning with organizational financial goals.
  • Generate and manage work orders within approved budgets, tracking expenditures against project forecasts.
  • Ensure work orders comply with organization policies and applicable laws and regulations.
  • Manage project costs proactively, providing timely reports on budget variances to senior leadership.
  • Collaborate with Treasury to forecast project-related payments and contribute to cash flow planning.
  • Oversee Project codes in SAP, ensuring data accuracy and consistency across systems.
  • Deliver comprehensive Management Information System (MIS) reports, including work order status, cash flow projections, PO tracking, and payment certifications.
  • Serve as primary liaison between vendors and internal teams, maintaining clear communication channels.
  • Ensure compliance with CLRA regulations for subcontractors, taking corrective actions in case of deviations.
  • Provide strategic recommendations to improve procurement efficiency and cost management.

Qualifications and Work Experience:

  • Post Graduate degree or equivalent with 8-10 years of relevant experience in procurement or financial management.
  • At least 8 years of experience in a procurement leadership role within the construction or real estate sectors.
  • Strong experience in managing procurement functions, financial planning, and team leadership.

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