IT Procurement

Skillventory; Navi Mumbai, Mumbai; On-site; INR 2,800,000 - 5,200,000; Full time

Job summary

Skillventory is seeking an experienced IT procurement leader in Navi Mumbai to drive end-to-end procurement for technology portfolios, ensuring regulatory compliance and cost efficiency.

You will lead multi-year category strategies, negotiate with tier-1 vendors, and optimize the P2P lifecycle with CIOs, Finance, and Legal partners. Banking domain experience is preferred.

Qualifications

• 8–10 years of IT procurement or strategic sourcing in a regulated banking/financial services environment.
• Bachelor's in Engineering; MBA is an added advantage.
• Deep understanding of software licensing, cloud models, hardware infra, and IT service agreements.

Responsibilities

• Lead end-to-end procurement projects for major technology portfolios.
• Develop multi-year category strategies aligned with digital transformation goals.
• Drive complex commercial negotiations with tier-1 vendors to reduce TCO.
• Establish pricing models, volume discounts, and favorable SLAs.
• Conduct reverse auctions to discover pricing.
• Manage vendor performance reviews, renewals, disputes, and rationalization.
• Collaborate with CIOs, CTOs, Finance, and Legal to forecast demand and streamline P2P.
• Ensure engagements adhere to financial regulatory frameworks.
• Partner with Risk, Information Security, and Legal for vendor due diligence.

Skills

Contract negotiation

Advanced Excel

Stakeholder management

Financial modeling

Risk mitigation

Education

Bachelor's in Engineering

MBA advantageous

Tools

Coupa

Job description

Role & responsibilities :

• Lead end-to-end procurement projects for major technology portfolios, including IT Infrastructure Switches, Routers, Storage, core banking applications, cybersecurity solutions, data centers, and IT professional services.
• Develop multi-year category strategies aligned with the banks digital transformation and operational goals.
• Drive complex commercial negotiations with major tier-1 technology vendors to achieve Total Cost of Ownership (TCO) reductions.
• Establish pricing models, volume discounts, and favorable service level agreements (SLAs).
• Conduct Reverse Auctions to discover pricing
• Manage strategic vendor performance reviews, contract renewals, dispute resolution, and vendor rationalization.
• Collaborate with internal business partners (CIOs, CTOs, Finance, and Legal) to forecast technology demand and streamline the procure-to-pay (P2P) lifecycle.
• Ensure all technology vendor engagements adhere to financial regulatory frameworks
• Partner with Risk, Information Security, and Legal teams to perform vendor due diligence and risk assessments.

Preferred candidate profile

• Education: Bachelors degree in Engineering with MBA from reputed institute shall be an added advantage
• Experience: 8 to 10 years of progressive experience in IT procurement, strategic sourcing, or commercial management, with significant exposure to a regulated banking or financial services environment.
• Technical Knowledge: Deep understanding of software licensing metrics, cloud consumption models, hardware infrastructure, and IT service agreements.
• Skills: Advanced contract negotiation, Advance excel skills, executive-level stakeholder management, financial modeling (TCO/ROI analysis), and risk mitigation.
• Tools & Certifications: Familiarity with e-procurement platforms, COUPA etc