Procurement Specialist

4 weeks ago

Mumbai, India Morningstar Full time

About the role:

Reporting to the Sr. Manager – Procurement, the Procurement Specialist will play a pivotal role in supporting the efficiency and day-to-day operational duties of Global Procurement through procurement processes and building strong internal relationships. This position requires a skilled professional with expertise in purchasing, request intake, research, and resolution, and contract intake, while adept at handling ad hoc requests and providing backup support on a global scale. The successful candidate will also be responsible for managing internal customer requests, facilitating procurement communications, and contributing to special projects that support the needs of internal stakeholders.

Job responsibilities:

1. Purchase, Request, and Contract Intake:
• Assist in the management and facilitation of the end-to-end procurement process, including requests, purchase order creation, vendor communication, contract intake, and issue resolution.
• Ensure compliance with procurement policies and industry regulations.
2. Ad Hoc Requests:
• Respond promptly to ad hoc procurement requests, demonstrating flexibility and problem-solving skills.
• Research and provide reporting on various business needs and Procurement metrics
3. Global Departmental Backup:
• Provide backup support for procurement-related activities across global departments, ensuring continuity of operations.
4. Internal Customer Requests:
• Collaborate with internal stakeholders to understand their procurement needs and provide timely and effective solutions.
• Maintain positive relationships with internal customers and external vendors.
5. Procurement Communications:
• Facilitate clear and concise communication regarding procurement current and outstanding requests, policies, processes, and updates to internal teams.
• Act as a liaison between the Procurement team and other departments.
6. Special Projects:
• Participate in special projects that contribute to the improvement of procurement processes, annual ESG and compliance processes, and support the evolving needs of the business.

Qualifications:

• Bachelor's degree in Business, Finance, or a related field.
• Minimum of 2 years of proven experience as a Procurement Professional
• Strong understanding of procurement processes, vendor management, and contract negotiation.
• Excellent communication and interpersonal skills.
• Detail-oriented with the ability to manage multiple tasks and deadlines.

Nice to have:

Familiarity with procurement software and tools is preferred.
Understanding of contract review for risk and value add

I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We’ve found that we’re at our best when we’re purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you’ll have tools and resources to engage meaningfully with your global colleagues.

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