Manager - Procurement - Hyderabad
- Highradius
- 0 - 5 years
- Hyderabad
- 2 months ago
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Job Description
About Us
HighRadius, a renowned provider of cloud-based Autonomous Software for the Office of the CFO, has transformed critical financial processes for over 800+ leading companies worldwide. Trusted by prestigious organizations like 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey's, and many others, HighRadius optimizes order-to-cash, treasury, and record-to-report processes, earning us back-to-back recognition in Gartner's Magic Quadrant and a prestigious spot in Forbes Cloud 100 List for three consecutive years.
With a remarkable valuation of $3.1B and an impressive annual recurring revenue exceeding $100M, we experience a robust year-over-year growth of 24%. With a global presence spanning 8+ locations and a recent addition in Poland, we're in the pre-IPO stage, poised for rapid growth. We invite passionate and diverse individuals to join us on this exciting path to becoming a publicly traded company and shape our promising future.
POSITION SUMMARY
The Procurement Manager will be responsible for management of all aspects within the non-IT spend category. A key part of the role includes developing and maintaining successful relationships with suppliers, peers, and internal business partners.
ROLES AND RESPONSIBILITIES
Essential Functions:
- Manage end to end commercial and procurement aspects within all non-IT categories like Admin, Merchandise, Corporate Events etc.
- Ensure proper spend categorization.
- Lead and execute end to end strategic/tactical projects, apply proper sourcing approach (single/sole sourcing/ competitive bidding) depending on scope & business requirements, draft detailed statement of work (SOW) covering performance measures- KPIs/ metrics, SLAs, acceptance criteria, commercials, risk/reward provisions etc.
- Manage senior stakeholders and establish relationships.
- Advise internal business partners on end-to-end procurement process, policies, templates, RACI, deal risks, and possible risk mitigation steps as part of procurement process or contracting. Articulate pros and cons of, and requirements for various commercial & engagement model options (e.g. managed capacity, managed outcome, managed services, gain-share etc.) for a particular deal.
- Ensure full Procure-to-Contract compliance with all applicable sourcing processes, policies, etc.
- Independently execute RFP / RFQ processes for assigned categories including Contract negotiation, Vendor Selection, Contract Awarding.
- Define and implement plans in line with category strategy, decision trees, play book. Leverage appropriate procurement/ sourcing tools.
- Consolidate supplier base and pursue, where relevant, alternative sources ensuring uninterrupted supply of services, delivered in a cost effective and quality manner.
- Conduct periodic market research for assigned category, incl. monitoring of market trends and supply/demand factors, legal dictates to help in the decision making process to meet the strategic goals of the organization. Answer contract commercial / rate card / legal / business term inquiries on existing contracts.
- Establish regular communications with the key internal business partners, to ensure agreement and adoption of category strategies, on-going review of activities undertaken and maintenance of strong client service. Lead proactive Contract Renewal/ Expiry reviews, and re-source or amend per internal strategy.
- Accurate and continuous collection and reporting of projects managed, contracts concluded and their associated expenditure and financial impacts
REQUIREMENTS
- Minimum 8 to 10 years of experience in sourcing or procurement.
- Understanding of how to analyse a category cost structure.
- Strong negotiation and influencing skills, at same and higher level of organization.
- Experience or good understanding of electronic procurement/ sourcing tools (Ariba, Ivalua, PeopleSoft, etc.).
- Strong understanding of end-to-end Source/ Procure-to-Pay processes and tools.
- Experience working within a very strong compliance and regulatory culture, driving policies and procedures, both internally and externally.
- Strong risk and control culture and an understanding of Supplier Screening programs with the ability to evaluate and mitigate any associated potential business risk.
- Strong presentation skills, including experience using Excel pivot tables and PowerPoint to support analytical techniques and presentation of data.
- Ability to extract detailed procurement requirements from internal business stakeholders, and to translate business requirements into contract language.
- Ability to proactively identify material, unmitigated business or contract risks on a particular deal, to articulate effectively to stakeholders, and to find appropriate solutions.
- Tenacious and resilient approach. Skilled in building relationships; confident, firm, empowering and positive in his/her attitude towards people and of personal stature and reputation to ensure ready acceptance within the company and to create a favorable representation of the company department internally and to external parties.
- Collaborative style, including experience navigating through matrix organizational responsibilities, organizational change, and working across all global regions, global time zones and teams to elicit successful and collaborative approaches and solutions.
- Proactive, hands-on approach and strong organizational skills with capability to manage an increasing book of work over time and the ability to juggle multiple priorities and types of work.
- Excellent English communication skills (verbal & written, incl. contracting) required.
What Youll Get
- Competitive salary.
- Fun-filled work culture (https://www.highradius.com/culture/)
- Equal employment opportunities.
- Opportunity to build with a pre-IPO Global SaaS Centaur.
Job Classification
Industry: Financial ServicesFunctional Area: Financial Services
Role Category: Procurement & Purchase
Role: Procurement / Purchase Manager
Employement Type: Full time
Contact Details:
Company: HighradiusLocation(s): Hyderabad
Keyskills: procurement management kpi regulatory presentation skills verbal communication contracts monitoring matrix sourcing excel cost effective procurement vendor compliance negotiation peoplesoft writing leadership vendor selection end ariba influencing rfq communication skills
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