Procurement Manager

4 days ago


Gurgaon, Haryana, India Max Life Insurance Full time

Key Responsibilities:

  1. Lead the procurement of common services and goods across India for Max Life Insurance, focusing on the Line of Business (Medical TPA, Claim Investigation, Customer Personal Verification, Fraud Investigation, Transaction Processing, Tele MER, Video Verification, Employee Background Verification, Record Retention, and other related commodities).
  2. Manage a portfolio of 6-7 categories and 15-20 subcategories, with a total spend of approximately ₹60-80 Cr per year.
  3. Consolidate vendor volumes for categories and subcategories, develop new vendors to release savings, and ensure timely closure of contracts and release of Purchase Orders as per agreed SOP.
  4. Oversee multiple mix of tactical and strategic procurement, ensuring compliance with industry benchmarks and best practices.
  5. Lead cross-functional projects, taking responsibility for project outcomes and keeping stakeholders informed on developments.
  6. Draft RFP, RFQ, and RFI documents on Ariba for assigned projects, conduct e-Auctions, and related sourcing events.
  7. Develop supplier selection criteria, negotiate rates, set up contracts, and manage supplier relationships to achieve business targets on SLAs, cost reduction, and key control indicators.
  8. Maintain internal customer, supplier relationships, and ensure high levels of internal customer orientation, proactive approach, and focus on meeting agreed SLAs.
  9. Perform ongoing relationship management with internal and external customers to increase satisfaction and improve interactions, conducting regular monthly meetings with critical business/suppliers.
  10. Ensure compliance with statutory and legal requirements as per policy.


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