Procurement Manager

Raise Financial Services; Mumbai; On-site; INR 2,000,000 - 3,000,000; Full time

Benefits offered by this job

Great workplace culture

Opportunities for growth and ownership

Inclusive work environment

Job summary

A modern financial services company in Mumbai seeks an experienced procurement professional to enhance vendor governance and procurement processes. The role demands oversight of procurement across various functions, efficiency in cost management, and collaboration with multiple teams. Ideal candidates should have 8-10 years of experience in procurement, strong negotiation skills, and a history in fast-paced environments. Join a dynamic team committed to excellent customer experiences and operational effectiveness.

Qualifications

• 8–10 years of experience in Procurement, Commercials, Vendor Management, or Strategic Sourcing.
• Experience in fintech, BFSI, technology, startup environments preferred.
• Strong exposure to IT procurement, admin/facilities sourcing, and services procurement.

Responsibilities

• Govern end-to-end procurement processes across multiple functions.
• Review and validate procurement requests for quality and efficiency.
• Lead commercial evaluations and contract negotiations with vendors.

Skills

Negotiation skills

Vendor management

Cost optimisation

Commercial acumen

Stakeholder management

Job description

Overview

Raise is built on this core philosophy - we will bring exceptionally great products, awesome user experience and best in class customer service to our users. We have started with our first step by launching Investment & Trading platform – Dhan (www.dhan.co)

We are looking for a seasoned procurement professional to lead and strengthen our procurement, commercial negotiations, and vendor governance across the organization. This role will play a critical part in ensuring cost optimisation, quality control, and commercial prudence, while working closely with Finance, HR, Admin, IT, and other functional teams.

The incumbent will act as a central oversight and control layer, validating procurements across IT, Admin, HR, Facilities, and other functions to ensure alignment with budgets, business needs, and internal standards.

This role acts as a critical control and value-creation function, ensuring that procurement decisions are strategic, financially sound, and aligned with organisational priorities, while enabling teams to operate efficiently and responsibly.

Key Responsibilities

• Procurement Governance & Oversight
• Own and govern end-to-end procurement processes across IT, Admin, HR, Facilities, Marketing, and other support functions.
• Review, validate, and approve procurement requests to ensure need-based purchasing, quality standards, and cost efficiency.
• Establish and enforce procurement policies, approval matrices, and SOPs in alignment with finance and audit requirements.
• Lead commercial evaluations, price benchmarking, and contract negotiations with vendors and service providers.
• Ensure optimal commercial terms, including pricing, payment terms, SLAs, penalties, and exit clauses.
• Drive annual rate renegotiations and cost-saving initiatives across key vendor categories.
• Build and manage a robust vendor ecosystem across IT, Admin, HR, and shared services.
• Conduct vendor performance reviews covering quality, timelines, compliance, and commercials.
• Ensure vendor contracts are current, compliant, and aligned with organizational risk and governance standards.
• Partner closely with the Finance Head on budgets, forecasts, and spend tracking.
• Monitor procurement spends against approved budgets and highlight deviations proactively.
• Identify opportunities for cost rationalisation, consolidation, and efficiency gains without compromising quality.

Cross-Functional Collaboration

• Work closely with HR, Admin, IT, Legal, and Business teams to understand requirements and provide procurement guidance.
• Act as a trusted advisor to functional heads on vendor selection, commercials, and procurement strategy.
• Support audits and internal reviews by maintaining accurate procurement documentation and controls.

Process Improvement & Compliance

• Strengthen internal controls around procurement to mitigate financial, legal, and operational risks.
• Drive digitization and system-based procurement workflows, wherever applicable.
• Ensure compliance with internal policies, regulatory requirements, and audit standards.

Who We’re Looking For

• 8–10 years of progressive experience in Procurement, Commercials, Vendor Management, or Strategic Sourcing.
• Prior experience in fintech, BFSI, technology, startup, or fast-growing organizations preferred.
• Strong exposure to IT procurement, admin/facilities sourcing, and services procurement.
• Proven track record of handling complex negotiations and cost optimisation initiatives.
• Experience working closely with Finance, HR, Admin, and senior stakeholders.
• Strong commercial acumen and negotiation skills
• High attention to detail and quality control mindset
• Ability to balance cost efficiency with business needs
• Stakeholder management and influencing skills
• Strong understanding of contracts, SLAs, and vendor governance
• Process-driven with a risk-aware and compliance-oriented approach
• Comfortable operating in a fast-paced, evolving fintech environment

Location

Location: Goregaon West, Mumbai (Preference will be given to candidates residing in Mumbai’s Western suburbs).

Apply Now

If you believe in making great first impressions and enjoy being at the center of workplace energy, we’d love to hear from you. 📧 Send your resume to: [e-mail]

Why Join Raise?

We’re a certified Great Place to Work, and it shows in everything we do - from how we collaborate to how we celebrate wins. Our culture is built on growth, ownership, and mutual respect. At Raise, you’ll find a flat hierarchy, open conversations, and a team that values passion, humility, and speed over titles and bureaucracy.

Our Values & Culture

We look for people who:

• Are obsessed with customer satisfaction.
• Respect their work, teammates, and users.
• Value speed, humility, and thoughtful action.
• Are hands-on regardless of role or title.
• Embrace ownership, discipline, and an entrepreneurial spirit.
• Believe in less talk, more execution.
• Are passionate about the work they do.

Raise is an equal opportunity employer. We celebrate diversity and are committed to building an inclusive workplace.

About Raise Financial Services

We are building technology led financial products and infrastructure for India’s top 25Mn+ financially aware and literate users. Our product lines span investments, financing, insurance, payments, and wealth services. We will offer consumer products & services that cater to these users, and will offer the same technology & infrastructure to partners in the startup ecosystem willing to take the experience to everyone in India. Our focus is on 3 core aspects - build great products, deliver awesome experiences and provide exceptional customer services to our users.