Finance Procurement Lead

Job Title: Lead - Procurement

Location: Koramangala, Bangalore

Job Type: Full-Time (Mon to Sat) 10:00 AM to 7:00 PM.

Experience: 5 years

About Us:

White Gold is a technology-driven company that leverages advanced technology to provide exceptional service to our customers. As a leading player in the gold buying sector, we are dedicated to delivering unmatched value and satisfaction to our clients. Values of integrity, innovation and customer satisfaction with over 60+ branches across Karnataka, Andhra Pradesh, Telangana and Kerala & a strong team of 250+ employees, we have built a reputation as a trusted name in the market. Guided by our core value for integrity, innovation and customer satisfaction, we continue to redefine industry standards and exceed expectations.

Job Summary:

We are seeking a versatile and process-driven Finance Lead Procurement to manage the end-to-end procurement lifecycle, combining vendor sourcing, onboarding and evaluation, P2P execution, payment processing, project cost tracking, and fixed asset control. This role will be responsible for driving commercial discipline, spend visibility, and accurate financial reporting across all project and operational purchases.

Key Responsibilities:

1, Vendor Sourcing & Procurement Leadership:

• Support sourcing efforts for key vendors, including identifying suppliers, floating RFPs/RFQs, negotiating commercials, and finalizing contracts.

• Own the vendor onboarding and documentation process in coordination with other departments.

• Establish vendor evaluation criteria and conduct ongoing performance reviews for quality, cost, reliability, and service metrics.

• Align procurement policies with financial controls and organizational needs.

2, P2P Process Management :

• Oversee the full Procure-to-Pay cycle, from requisition to vendor payment.

• Ensure POs, GRNs, and invoices are accurately tracked and matched in the P2P platform.

• Drive usage and adoption of the P2P system, ensuring data integrity, workflow automation, and exception handling.

• Collaborate with all teams to manage approval flows and resolve bottlenecks.

3, Vendor Payments & Budget Control:

• Process and schedule payments in line with project budgets and vendor terms.

• Track committed vs. actual spends and ensure proper cost allocation to items and cost centers.
• Monitor aging payables and drive timely payment releases with appropriate documentation.

4, Fixed Asset Management :

• Maintain and update the Fixed Asset Register (FAR) for capitalized purchases and infrastructure investments.

• Oversee tagging, physical verification, asset movement tracking, and depreciation schedules.

• Ensure compliance with accounting standards and audit requirements related to asset control.

5, Financial Reporting & Coordination:

• Provide accurate procurement, assets, and AP data for MIS, audits, and tax filings.

• Collaborate with the finance team on month-end closure, ledger updates, and reconciliations.

• Support statutory and internal audits with documentation on procurement, payments, and assets.

6, Cross-functional Collaboration:

• Work closely with project managers, department heads, procurement coordinators, and finance team members to ensure process efficiency and compliance.

• Act as a bridge between project needs and procurement execution, ensuring cost-effectiveness and financial alignment.

Required Qualifications:

• 5 years of experience in finance, procurement, or P2P-focused roles.

• Bachelors degree in commerce, Finance, or Supply Chain (MBA or CA Inter preferred)

• Proven experience in vendor sourcing, negotiation, and P2P system usage.

• Good understanding of fixed asset accounting and maintaining FARs.

• Good understanding of accounting concepts, project budgeting, and cost controls.

• Familiarity with Indian taxation (GST, TDS) and regulatory compliance

Additional Requirements:

• Strong commercial acumen with attention to detail.

• Excellent negotiation and relationship management skills.

• Process-oriented, analytical, and capable of driving change and automation.

• Effective communicator and collaborator across teams and hierarchies.

Benefits:

• Competitive remuneration and benefits package.

• Opportunities for professional advancement and skill development.

• Supportive and collaborative work environment.

• The chance to make a significant contribution to the growth and expansion of the organization.