Procurement Finance
8 hours ago
**Job Title**: Procurement Finance Specialist
**Location**: Mangalore, India
**Department**: Procurement / Finance
**Timing: 9:30pm to 06:30pm**
**About the Role**:
**Key Responsibilities**:
- Manage and monitor all financial aspects of the procurement process, including purchase requisitions, purchase orders, and invoice tracking.
- Review and verify vendor invoices, contracts, and payment terms to ensure accuracy and compliance.
- Coordinate with the procurement team to align budget forecasts and actual expenditures.
- Support cost analysis, price comparisons, and budget preparation for procurement activities.
- Maintain accurate records of vendor payments, advances, and reconciliations.
- Assist in month-end and year-end closing activities related to procurement expenses.
- Collaborate with finance and audit teams for internal/external audits.
- Ensure adherence to company financial policies, tax regulations, and approval workflows.
- Generate regular reports on procurement spending, savings, and cost optimization.
- Identify process improvement opportunities to enhance efficiency and transparency in procurement finance operations.
**Key Requirements**:
- Bachelor’s degree in Commerce, Finance, Accounting, or Supply Chain Management.
- **2-5 years of experience** in procurement finance, accounts payable, or related roles.
- Strong understanding of **procurement and financial processes**, including P2P (Procure-to-Pay) cycle.
- Hands-on experience with **ERP systems (SAP, Ariba, or Oracle)** preferred.
- Proficient in **MS Excel** and financial reporting tools.
- Excellent attention to detail, numerical accuracy, and analytical skills.
- Strong communication and coordination skills to work across procurement and finance teams.
- Ability to manage multiple priorities and meet deadlines.
Pay: From ₹25,000.00 per month
Work Location: In person
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