Head of Commercial and Procurement

22 hours ago


Mumbai, India SK Finance Ltd Full time

Location: Mumbai/Jaipur Experience Required: - 15+ Years Head of IT Procurement is responsible for leading the strategic sourcing, vendor management, and contract negotiation processes for all IT-related goods and services. The role ensures cost efficiency, regulatory compliance, timely availability of technology resources, and alignment with organizational goals. Procurement Strategy & Governance Develop and execute the IT procurement strategy aligned with business and technology objectives. Establish procurement governance, policies, and processes in line with internal audit and regulatory requirements (RBI, ISO, etc.). Drive adoption of e-procurement tools and automation for transparency and efficiency. Identify, evaluate, and onboard vendors for hardware, software, SaaS, cloud, AMC, and professional services. Manage vendor lifecycle—empanelment, performance evaluation, renewal, and exit management. Ensure vendor compliance with information security, data privacy, and regulatory norms. Partner with Legal and Compliance teams for vendor due diligence and risk assessment. Contracting & Commercials Lead commercial negotiations to ensure value optimization, cost reduction, and favourable terms. Financial & Budget Management Plan and manage annual IT procurement budget in coordination with IT Governance and PMO. Track IT spends, cost savings, and TCO (Total Cost of Ownership). Collaborate with IT, InfoSec, Legal, Finance, and Business Units for procurement needs. Support project teams in timely provisioning of IT assets and services. Communicate effectively with senior management on procurement performance and risks. Ensure adherence to internal controls, procurement policies, and audit requirements. Ensure compliance with RBI outsourcing guidelines and data localization norms. Strong knowledge of IT procurement (hardware, software, cloud, SaaS, AMC, managed services). Expertise in contract negotiation and vendor management. Familiarity with RBI and NBFC regulatory framework for IT outsourcing. Experience with procurement automation tools (e.g., Ariba, Oracle, Zoho, etc.).


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