Procurement Specialist

FNZ; Gurugram District; On-site; INR 800,000 - 1,400,000; Full time

Job summary

FNZ is seeking a Procurement Specialist to support the Global Operations and Delivery function. The role focuses on managing vendor relationships, guiding procurement through requirements, contract signature and ongoing review, while promoting cost-conscious processes across FNZ Group.

You will maintain up-to-date records of third-party agreements and Total Cost of Ownership, conduct due diligence, monitor SLAs and KPIs, and contribute to procurement strategy with Head of Procurement & Supplier

Qualifications

• Minimum bachelor's degree or above.
• Excellent communication skills.
• Very well organised, with a proactive approach to tasks.
• English at an advanced level.
• Strong knowledge of Excel.
• Contract and/or relationship management experience would be an advantage.
• Financial knowledge would be an advantage.
• Strong project management skills and experience would be an advantage.
• Microsoft Word, Excel and PowerPoint skills required.

Responsibilities

• Support and influence interactions to encourage a cost-conscious culture within FNZ Group.
• Completing, tracking and recording due diligence across the entire supplier base.
• Ensuring best practice is followed throughout FNZ and contributing to increased process compliance throughout the organisation.
• Supply chain monitoring, both in terms of cost and functionality.
• Maintaining an up-to-date central record of all third-party agreements and requirements.
• Maintaining an up-to-date account of Total Cost of Ownership (TCO) for third-party services throughout the Group.
• Identifying cost-saving initiatives and working with the Head of Procurement & Supplier Management to develop procurement strategy based on organisational trends and behaviours.
• Reporting on value achieved and issuing standard procurement communications to lead buyers and budget holders.
• Coordinating RFPs within the set management framework.
• Providing Procurement and Supplier Management support services to the FNZ Group generally.
• Monitoring and documenting supplier performance, which may include collecting and reviewing management information, monitoring SLAs and KPIs, and obtaining client and end-user feedback.
• Assessing the market for up-to-date and comparative pricing when new requirements are received.

Skills

Communication skills

English proficiency

Organizational skills

Project management

Negotiation

Education

Bachelor's degree

Tools

Excel

Word

PowerPoint

Job description

Job Description:

Job Title

Procurement Specialist

Reports to

Head of Procurement & Supplier Management

Role Description

We arelooking to recruit a motivated, tenacious and organised self-starter with impeccable communication skills and a passion for process management to join our rapidly growing global FinTech business. You should have an interest in financial markets or may have studied a relevant discipline at university.

The Procurement Specialist will support the Procurement and Supplier Management Function by ensuring that new and existing vendor relationships are adequately managed and documented, completing several stages of the procurement process from the requirements phase through to contract signature, and then monitoring ongoing reviews.

Organisational Design

This role will report to the Head of Procurement & Supplier Management and operate within the Global Operations and Delivery function within FNZ.

Team Responsibilities

The Procurement function has primary responsibility for sourcing strategy throughout the FNZ Group globally, including the ongoing management of third-party relationships, annual due diligence collection and the delivery of benefits for FNZ Group.

Specific Role Responsibilities

• Support and influence interactions to encourage a cost-conscious culture within FNZ Group.
• Completing, tracking and recording due diligence across the entire supplier base.
• Ensuring best practice is followed throughout FNZ and contributing to increased process compliance throughout the organisation.
• Supply chain monitoring, both in terms of cost and functionality.
• Maintaining an up-to-date central record of all third-party agreements and requirements.
• Maintaining an up-to-date account of Total Cost of Ownership (TCO) for third-party services throughout the Group.
• Identifying cost-saving initiatives and working with the Head of Procurement & Supplier Management to develop procurement strategy based on organisational trends and behaviours.
• Reporting on value achieved and issuing standard procurement communications to lead buyers and budget holders.
• Coordinating RFPs within the set management framework.
• Providing Procurement and Supplier Management support services to the FNZ Group generally.
• Monitoring and documenting supplier performance, which may include collecting and reviewing management information, monitoring SLAs and KPIs, and obtaining client and end-user feedback.
• Assessing the market for up-to-date and comparative pricing when new requirements are received.

Performance Assessment

• Data Input: Input data accurately and promptly across platforms.
• Client Liaison: Liaise with new and existing clients.
• Effective Communication: Ensure that information is communicated effectively to the necessary parties and in a timely manner to support rapid resolution.
• Accurate record keeping: Maintain records as required to ensure the investment process is transparent to regulators and external auditors.
• Procedures: Contribute to and maintain relevant and robust documented procedures.
• Projects: To support project work that impacts your specific team or processes.
• Continuous improvement: Continually assess the processes and controls and introduce improvements or efficiencies.
• Other Tasks: Undertake any other projects or tasks that may reasonably be required to facilitate the smooth operation of the company.

Expected Behaviours:

• Accuracy: Ensure that daily tasks are completed accurately.
• Efficiency: Ensure that daily tasks are completed in a timely manner and deadlines are met.
• Multi-tasking: Demonstrate the ability to manage a number of different tasks and competing priorities on a daily basis.
• Regulatory knowledge: Ensure daily tasks are completed in line with regulations as directed by the manager.
• Planning: To prioritise the work to ensure all activities are completed on time and within agreed deadlines.
• Industry Awareness: Be aware of external events that may impact your tasks or role and take an interest in the industry in which you work.
• Working Across Boundaries: FNZ operates in an environment that encourages staff to learn about end-to-end processes. This helps to ensure our staff remain engaged and challenged throughout their careers.
• CPD: Develop, track and evidence professional and technical knowledge and skills through training and development to meet Continuing Professional Development (CPD) requirements as outlined in the T&D Framework.
• Representation of the team in a positive light across the organisation to ensure cost culture embedding with every discussion.

Experience Required

• Minimum bachelor's degree or above
• Flexibility and willingness to learn
• Excellent communication skills
• Very well organised, with a proactive approach to tasks
• The ability to work accurately and to tight deadlines
• English at an advanced level
• Strong knowledge of Excel
• Contract and/or relationship management experience would be an advantage
• Financial knowledge would be an advantage
• Strong project management skills and experience would be an advantage
• Microsoft Word, Excel and PowerPoint skills required

About FNZ Culture

Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites and moves us forward. Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers and the wider world. At FNZ we know that great impact is only possible with great teamwork.

That's why we value the strength and diversity of thought in our global team.

The FNZ Way is the cornerstone of what we do. It comprises four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders around the world.

• Customer obsessed for the long-term
• Think big and make an impact
• Act now and own it all the way
• Challenge, commit and win together

Read more about The FNZ Way and our values: www.fnz.com/culture

Opportunities

• Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact.
• Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world's largest companies;
• Working in a flexible and agile way that meets the needs of the business and personal circumstances;
• Remuneration, significant financial rewards and career advancement are based on individual contribution