Procurement Specialist

Magma Hdi General Insurance; Mumbai; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Magma HDI General Insurance is seeking a strategic sourcing professional to drive category management for indirect spend and IT procurement across Marketing, Admin, Facilities, and IT domains. You will lead RFQ/RFPs, negotiate contracts, and optimize costs while ensuring quality and compliance.

The role also covers supplier onboarding, governance, SLA adherence, renewals, pricing negotiations, and building long-term partnerships with vendors to support the organization\'s operational needs.

Responsibilities

• Lead sourcing across indirect spend categories: Marketing, Admin, Facilities, Events/MICE and IT.
• IT Procurement: hardware, software licenses & renewals, subscriptions, AMC/ATS, IT services, cloud, security.
• Run RFQ/RFP processes, evaluate proposals, negotiate commercials, and ensure best value.
• Ensure cost optimization while maintaining quality, timelines, and compliance.
• Identify, onboard, evaluate, and manage suppliers across indirect and IT categories.
• Perform annual performance reviews and ensure SLA adherence.
• Manage renewals, AMC/ATS discussions, pricing negotiations, and long-term partnerships.
• Resolve operational issues and drive vendor governance.

Job description

1. Strategic Sourcing & Category Management

• Lead sourcing across indirect spend categories: Marketing, Admin, Facilities, Events/MICE and IT.
• IT Procurement: hardware (laptops, desktops, servers, network equipment), software licenses & renewals, subscriptions, AMC/ATS, IT services, cloud, security.
• Run RFQ/RFP processes, evaluate proposals, negotiate commercials, and ensure best value.
• Ensure cost optimization while maintaining quality, timelines, and compliance.

2. Supplier/Vendor Management

• Identify, onboard, evaluate, and manage suppliers across indirect and IT categories.
• Perform annual performance reviews and ensure SLA adherence.
• Manage renewals, AMC/ATS discussions, pricing negotiations, and long-term partnerships.
• Resolve operational issues and drive vendor governance.