Vendor Management Executive

SBI Payments; Mumbai City; On-site; INR 600,000 - 1,000,000; Full time

Job summary

SBI Payments is seeking an Executive Vendor Management in Mumbai. You will report to the VP - Vendor Management and handle end-to-end vendor activities, including procurement, contract management, and performance reviews.

The role requires 2-3 years of experience and a graduate degree. You will coordinate with multiple departments to ensure timely purchases and cost control, while maintaining compliance with SLAs and audits.

Qualifications

• Graduation in any field is required.
• Experience in vendor management and procurement processes.
• Proven ability to negotiate contracts and manage vendor relationships.

Responsibilities

• Prepare reports related to RFPs/RFQs, stock, and invoices for management.
• Draft RFPs/RFQs for procurement of terminals, infra and other items.
• Renew and execute vendor agreements with vendors, card schemes and service providers.
• Manage vendor contracts: commercial and service negotiations; track agreement validity.
• Coordinate with departments to support purchasing decisions.
• Conduct vendor due diligence, risk assessment and monitoring.
• Track and evaluate vendor performance to sustain relationships.
• Review pricing with vendors and negotiate to reduce expenses.
• Disposal and rectification of audit queries; organize procurement committee meetings.

Skills

Vendor management

Negotiations

Procurement

MS Excel

Education

Any Graduate

Job description

JOB DESCRIPTION

Position Executive Vendor Management

Grade Executive

Location Mumbai

Reporting to VP - Vendor Management

About the Company

SBI Payment Services Pvt. Ltd. is a Joint Venture between SBI & Hitachi Payment Services Pvt. Ltd. which combines the unparalleled distribution network, customer trust of SBI with cutting edge technology and services of the Hitachi Group. SBI Payments has been in acquiring business since 2010 and currently has over 37 lakh merchant payment acceptance touch points and processes transaction value of over Rs.1.5 lakh Crore per annum. The Company envisages to be the market leader in digital payments acceptance solutions to merchants in India as well as in Asia.

Qualification Any Graduate

Experience 2-3 Yrs

Position Objective / Responsibilities

• Preparation of reports related to RFPs/RFQs/Stock/Invoices for management.
• Preparation of RFPs/RFQs for procurement of terminals, infra and other items.
• Renewal and execution of old and new Agreement with Vendors, Card Schemes and any other entity including service providers.
• Vendor contract management: Commercial and Service negotiations with Vendors/Partners. Keep track of validity of all vendor agreements.
• Coordinating with all Depts to make purchasing decisions.
• Vendor due diligence, risk assessment and monitoring.
• Track, measure, report and evaluate vendor performance for continuing the relationship.
• Review the pricing with all the existing vendors and negotiate on time-to-time basis to reduce the expenses.
• Timely disposal and rectification of Audit Queries.
• Organizing the Procurement Committee meetings for procurement.
• Scrutinizing. Verification and Payment of all vendor payment bills while ensuring adherence to SLA terms.
• To ensure the track of whole inventory (PoS, Sound Box, SIMs, Paper Rolls, others) and monitor the TSP for the same.
• To ensure the quality and quantity of the Inventory as per the PO.
• Ensure availability of adequate stock of PoS/Sound Box terminals at circle level in-coordination with Sales team, Operations and Product team. Managing overall stock per Inventory management policy.

Behavioural Competencies

• A high level of commitment and self-motivation
• Strong integrity, trustworthiness and accountability
• Excellent written and verbal communication skills.
• Proficiency in MS Excel

Compensation

The compensation/ Cost to company shall be commensurate with experience and industry standard.