Procurement Manager

3 days ago


Mumbai, Maharashtra, India M&G Full time

Job Summary

We are seeking a skilled Procurement Manager to join our team at M&G Global Services. This role will involve leading the procurement function, partnering with business and functional leadership to understand requirements, assessing and mitigating vendor risk, and driving commercial value through effective negotiations.

About Us

M&G Global Services is a dynamic organization that values innovation, collaboration, and excellence. We are committed to delivering high-quality services to our customers while fostering a positive and inclusive work environment.

Key Responsibilities

  • Partner with business and functional leadership to understand short, medium, and long-term requirements of goods and services that need to be procured.
  • Assess and assist in the mitigation of vendor risk, ensuring appropriate contract structures, pricing models, vendor incentive models, service level agreements, performance indicators, and cost models are applied consistently across vendors.
  • Drive commercial value from procurement activities, including savings, cost avoidance, and added value.
  • Create and drive effective metrics and data to measure the value delivered through commercial negotiations.
  • Support the development, agreement, and communication of M&G Global procurement policy and processes.
  • Demonstrate a positive risk, compliance, and control culture through the identification, assessment, monitoring, and management of risks and issues within the business area.

Requirements

To succeed in this role, you will need:

  • A bachelor's degree in a relevant field, such as business administration, supply chain management, or a related field.
  • At least 5 years of experience in procurement, preferably in a senior role.
  • Excellent negotiation and communication skills, with the ability to build strong relationships with stakeholders.
  • Strong analytical and problem-solving skills, with the ability to identify and mitigate risks.
  • Experience with procurement software and systems, such as SAP or Oracle.

Salary and Benefits

The salary for this role is estimated to be around $120,000 per year, based on industry standards and location. In addition to a competitive salary, we offer a comprehensive benefits package, including health insurance, retirement plan, and paid time off.


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