Assistant Manager

Job Dimensions
Financial –
 Cost and Contract negotiations and Procurement
 Keeping abreast of procurement market and industry insights and trends
 Management Information Reporting
 Preparation and submission of Budgets & Forecasts for the team
 Review of Finance related Policies (Capex, P2P etc) and implement necessary controls
Non-Financial 
 Continuous improvement of Procurement Processes
 Regulatory Compliance under applicable laws
 Team management and retention 
Accountabilities/Responsibilities
Procurement 
• Partner with the business and functional leadership to understand short, medium requirement of goods and services that need to be procured.
• Assess and assist in the mitigation of vendor risk.
• Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors. 
• Partner with internal and external legal counsel to ensure proper forms of Agreement are utilized, contractor conformance with the terms and conditions of the Agreements, and refinement of Agreements as required. 
• Cost negotiations and procurement, Spot negotiation on smaller and day to day purchases of services or any other procurement activities like infrastructure, facilities, IT, HR etc. Execute end to end RFQ/ RFP/ procurement process.
• Initiate local or alternate procurement activities.
• Drive commercial value from our simple transactions including savings, cost avoidance and added value.
• Create & drive effective metrics and data to measure the value delivered through commercial negotiations.
•
Operations
• Support the development, agreement and communication of M&G Global procurement policy and processes.
• To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise
Work closely with Finance, Legal, IT, HR, and Facility teams to ensure smooth delivery of vendor empanelment process
Key Stakeholder Management
Internal

• Legal
• Entity Finance
• Human Resources and Facility management
• Risk Teams to ensure implementation of fully compliant sourced contract.
• Knowledge Services, SME’s
Respective functional heads
External

• Suppliers, potential suppliers and other third parties 
• Occasionally contract Advisers, Lawyers, Consultants supporting procurement initiatives

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills:
• A degree in supply management, finance, or business, or another technical field would be preferred.
• Commercial negotiation skills and experience
• Knowledge of Indian Market
• Knowledge of ERP systems, understanding of Oracle Fusion preferred.
• Understanding of procurement deal structure & options

Skills
• Proven experience in areas of procurement, negotiation, and commercial contracts
• Excellent communication 
• Strong stakeholder management skills
• Effective influencing skills that enable the role holder to engage key stakeholders across the business.
• Time management & prioritisation skills ensuring that right things are done at the right time.

Educational Qualification:
• B.COM Graduate with 9 years of procurement experience.
• CIPS certification would be an added advantage.

ob Dimensions
Financial –
 Cost and Contract negotiations and Procurement
 Keeping abreast of procurement market and industry insights and trends
 Management Information Reporting
 Preparation and submission of Budgets & Forecasts for the team
 Review of Finance related Policies (Capex, P2P etc) and implement necessary controls
Non-Financial 
 Continuous improvement of Procurement Processes
 Regulatory Compliance under applicable laws
 Team management and retention 
Accountabilities/Responsibilities
Procurement 
• Partner with the business and functional leadership to understand short, medium requirement of goods and services that need to be procured.
• Assess and assist in the mitigation of vendor risk.
• Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors. 
• Partner with internal and external legal counsel to ensure proper forms of Agreement are utilized, contractor conformance with the terms and conditions of the Agreements, and refinement of Agreements as required. 
• Cost negotiations and procurement, Spot negotiation on smaller and day to day purchases of services or any other procurement activities like infrastructure, facilities, IT, HR etc. Execute end to end RFQ/ RFP/ procurement process.
• Initiate local or alternate procurement activities.
• Drive commercial value from our simple transactions including savings, cost avoidance and added value.
• Create & drive effective metrics and data to measure the value delivered through commercial negotiations.
•
Operations
• Support the development, agreement and communication of M&G Global procurement policy and processes.
• To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise
Work closely with Finance, Legal, IT, HR, and Facility teams to ensure smooth delivery of vendor empanelment process
Key Stakeholder Management
Internal

• Legal
• Entity Finance
• Human Resources and Facility management
• Risk Teams to ensure implementation of fully compliant sourced contract.
• Knowledge Services, SME’s
Respective functional heads
External

• Suppliers, potential suppliers and other third parties 
• Occasionally contract Advisers, Lawyers, Consultants supporting procurement initiatives

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills:
• A degree in supply management, finance, or business, or another technical field would be preferred.
• Commercial negotiation skills and experience
• Knowledge of Indian Market
• Knowledge of ERP systems, understanding of Oracle Fusion preferred.
• Understanding of procurement deal structure & options

Skills
• Proven experience in areas of procurement, negotiation, and commercial contracts
• Excellent communication 
• Strong stakeholder management skills
• Effective influencing skills that enable the role holder to engage key stakeholders across the business.
• Time management & prioritisation skills ensuring that right things are done at the right time.

Educational Qualification:
• B.COM Graduate with 9 years of procurement experience.
• CIPS certification would be an added advantage.

M&G Behaviours relevant to all roles:

Tell it like it is : Respectfully speaking up to create better ways forward- both direct and empathetic 

Own it now: Putting your name on things with confidence to drive progress and result quickly

Move it Forward Together: Forming cross- functional teams to seize the right opportunities and solve real problems

We live by four behaviours at M&G Global Services and we ask all our employees to:

Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

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