Sr. Manager - Procurement

Kshema General Insurance Limited; Secunderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Industry best practices

Company profile data base

Job summary

Kshema General Insurance Limited is looking for a Sr. Manager/Associate in GM Procurement to oversee sourcing and purchasing for the organization. This role involves strategic procurement, supplier management, and ensuring cost-effective practices. The ideal candidate should have a Bachelor's degree, professional procurement certifications, and 10-15 years of experience in relevant roles. Proficiency in ERP systems like SAP or Oracle is crucial. Benefits include industry best practices and robust company profile data.

Qualifications

• Minimum of 10-15 years of experience in procurement or supply chain roles.
• Experience with ERP systems and procurement software.

Responsibilities

• Oversee sourcing and purchasing of goods and services for the organization.
• Lead cost-reduction initiatives and negotiate contracts.
• Monitor supplier performance and ensure compliance.

Skills

Negotiation

Analytical skills

Microsoft Office proficiency

Leadership

Interpersonal skills

Contract law knowledge

Education

Bachelor’s degree in business administration or related field

CPSM, CPM, or CIPS certifications

Tools

ERP systems (SAP, Oracle)

Procurement software

Job description

Job Title: Sr. Manager /Associate- GM Procurement

Department: Commercial/Procurement

Reports To: TBD

Job Type: Full-Time / Permanent

Job Summary

The Procurement Sr. Manager /AGM is responsible for overseeing the sourcing and purchasing of goods and services required for the organization’s operations. This role involves strategic planning, supplier relationship management, contract negotiation, and ensuring cost‑effective procurement practices that align with corporate goals.

Key Responsibilities

• Strategic Procurement
  • Develop and execute aggressive procurement strategies aligned with business goals.
  • Conduct market research to identify potential suppliers and evaluate market trends.
  • Lead cost‑reduction initiatives without compromising quality or timelines.
  • Forecast procurement needs and align with operational and financial planning.
• Supplier & Vendor Management
  • Identify, evaluate, and onboard high‑performance suppliers.
  • Negotiate contracts with a focus on cost, quality, delivery, and risk mitigation.
  • Monitor supplier performance and enforce compliance with SLAs and KPIs.
• Operational Excellence
  • Oversee end‑to‑end procurement processes including RFQs, RFPs, PO management, and invoice reconciliation.
  • Implement and maintain procurement systems and tools (e.g., SAP, Oracle).
  • Ensure inventory levels are optimized and aligned with production schedules.
• Cost Management & Analysis
  • Perform cost analysis and benchmarking to identify savings opportunities.
  • Manage procurement budgets and prepare regular reports for senior management.
• Risk & Compliance
  • Develop risk mitigation strategies for supply chain disruptions.
  • Conduct risk assessments and implement mitigation strategies for supply disruptions.
  • Ensure procurement activities comply with legal, ethical, and sustainability standards.
• Team Leadership
  • Lead and mentor a team of procurement professionals.
  • Foster a culture of accountability, continuous improvement, and innovation.
• Given the present requirements and considering the increased load as Kshema is growing at a fast pace, it is mandatory to have a senior person at our procurement dept.

Qualifications

• Bachelor’s degree in business administration, Logistics, or related field.
• Professional certifications such as CPSM, CPM, or CIPS are preferred.
• Minimum of 10‑15 years of experience in procurement or supply chain roles.
• Experience with ERP systems (e.g., SAP, Oracle) and procurement software.

Skills & Competencies

• Strong negotiation and interpersonal skills.
• Excellent analytical and decision‑making abilities.
• Proficiency in Microsoft Office and data analysis tools.
• Knowledge of contract law and procurement regulations.
• Leadership and team management capabilities.
• Ability to work under pressure and adapt to changing environments.

KPIs & Performance Metrics

• Cost savings achieved through strategic sourcing.
• Supplier performance ratings.
• Procurement cycle time and efficiency.
• Compliance with procurement policies and contracts.
• Budget adherence and variance analysis.

Benefits

• Industry best practices
• Company profile data base