Team Member, Procurement, Mumbai

Role: Team Member, Procurement, Mumbai
Experience: 5-8 years | Salary: 12-15 LPA
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About The Role: 

Contribute to the financial control and accounting function at the foundation as a team member, focusing on procurement processes. Ensure efficient and compliant procurement activities with a strong emphasis on financial control. 

Roles & Responsibilities

• Assist in the procurement process, including vendor identification, evaluation, and selection.
• Collaborate with internal departments to understand procurement needs and requirements.
• Ensure compliance with procurement policies, financial regulations, and ethical standards.
• Support the negotiation of contracts and agreements with vendors to secure favorable terms.
• Maintain accurate records of procurement transactions and contracts for audit and reporting purposes.
• Monitor vendor performance and adherence to contractual terms.
• Participate in the development and enhancement of procurement procedures.
• Provide support to team members and contribute to departmental initiatives as needed. 

Success Matrix: 

• Efficiently contribute to the procurement process, achieving a 95% accuracy rate in vendor selection.
• Collaborate effectively with internal departments, ensuring a 90% satisfaction rate in meeting procurement needs.
• Ensure 100% compliance with procurement policies, financial regulations, and ethical standards.
• Successfully negotiate contracts and agreements with vendors, achieving favorable terms.
• Maintain up-to-date and accurate records of procurement transactions and contracts, contributing to successful audits.
• Monitor vendor performance, achieving a 95% adherence to contractual terms.
• Contribute to the development and enhancement of efficient procurement procedures.
• Provide effective support to team members and departmental initiatives, contributing to overall success.

Education Qualifications Minimum bachelor's degree in finance, business, or a related field.

Experience (Must Have): Entry-level position with a focus on procurement processes.

Experience(Desired): Basic understanding of procurement policies

This is a low priority role and the whole hiring process may take 1-2 months

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Hiring Note: Applications will be reviewed on a rolling basis. This job is first re-posted on May 20, 2025 on GroundZeroJobs.Org

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