Associate- Procurement-2

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Procurement Analyst at Prudential Health India (PHI)

At Prudential Health India (PHI), we are on a mission to make Indians healthier while bridging the health protection gap. This is a Zero to One team undertaking a greenfield health insurance deployment in India, committed to building journeys that will truly empathize with the customer and offer a differentiated, bespoke experience.

Position: Procurement Analyst

Responsibilities:

- Work with Functional Users:

- Understand the capabilities/products/services required to deliver their plans.
- Identify important product or service attributes for vendor selection.
- Determine expected timelines and costs.
- Advise on the procurement approach for each sourcing activity under applicable policies and procedures.
- Guide on issuance of Purchase Orders and coordinate with approvers for PO approval.
- Coordinate and guide on due diligence processes.
- Vendor Engagement:

- Approach and engage vendors to share RFP/RFQ/RFI.
- Coordinate to answer queries and provide clarifications as needed.
- Complete vendor onboarding and due diligence processes on the P2P tool.
- Ensure Procurement Governance:

- Arrange training sessions for team members as needed.
- Ensure compliance with Group procurement policies for each vendor procurement, including process, documentation, vendor due diligence, commercial and contractual protections, and purchase order issuance with appropriate approvals and reviews.
- Work with Functional Users:

- Coordinate with global colleagues to progress on procurement.
- Resolve technical issues with the support team.
- Maintain weekly cadence with global colleagues, track progress, and inform functional users of any delays.
- Project Management and Team Oversight:

- Ensure the business’s procurement requirements are met in a timely and orderly manner.
- Publish procurement status dashboards for the wider team.
- Collaborate and communicate effectively across disciplines such as Technology, Product, Operations, Marketing, and Analytics teams to coordinate and execute the procurement program.
- Act as an indispensable member of the delivery team throughout all phases of the procurement process.
- Are passionate about interactive operations.
- Can present your strategy and persuade stakeholders while solving user problems creatively and effectively.
- Identify metrics and analytics to track turnaround times across each process step and continuously seek to improve speed and quality of outcomes.
- Have a curious mind; measure what really matters, and design subsequent iterations based on insights.

This could be the gig for you if you:

- Are passionate about consumer behavior and culture; enjoy spending time with customers to understand their needs.
- Are comfortable working iteratively while balancing the need for a mínimal level of service a digital asset should provide when a customer engages with it.
- Can identify raw stones and iteratively polish them into shining diamonds.
- Like to work in a transparent environment where everyone can see what others are doing.
- Seek help when stuck and encourage others during setbacks.
- Take full responsibility for your output while thinking across the organization to solve for the customer.
- Have 2-3 years of experience in procurement, preferably in the health insurance or general insurance sectors in India.

What can make you extra special:

- Experience with procure-to-pay tools and a passion for continuous improvement.
- Meaningful certifications in procurement.
- Real stories of how you helped your team and contributed to your company's success.