Deputy Manager - Procurement

Job Code:

Position

Department

Location

About Max Life Insurance:

’’Max Life Insurance, one of the leading non-bank promoted private life insurers, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of the MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 15 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision ’To be the most admired life insurance company by securing the financial future of our customers’. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital. In the financial year 2016, Max Life recorded Gross Written Premium of Rs. 9,216 crore with sum assured of Rs. 2,71,633 crore and Asset Under Management of Rs. 35,824 crore as on 31st March 2016."

Job Summary:

Professional candidate having experience of strategic Procurement (India Market) and track record of driving cost savings for organization.

Key Responsibilities:

o Procurement of common services / goods for Line of Business (Group Travel, MICE – Domestic and International, Event Management, Printing, Market research, HR, Marketing, Facility and other related commodities).

o Handle around 6 - 7 categories, 10-12 sub categories with total spend of approx 65 Cr for year.

o Consolidate volume/ vendors for category / Sub category under role, Develop new vendors to release savings.

o Manage multiple mix of tactical and strategic, in various categories and ensure timely closure of contract and release of Purchase Order as per agreed SOP.

o Lead key initiatives, take full responsibility of the projects handled and keep users posted on the developments.

o Draft RFP, RFQ, RFI on Ariba for handled project and conduct e-Auction and related sourcing event.

o Prepare selection criteria for suppliers who can provide goods/services in accordance with the needs of the internal customers, negotiate rates, set up contracts and manage supplier relationships.

o Achieve given business targets on SLAs, Cost reduction and key control indicators. Manage and maintain internal customer, supplier relationships and customers.

o High level of internal customer orientation, proactive approach and focus on meeting agreed SLAs.

o Perform ongoing relationship management with Internal and External customer in order to increase satisfaction and improve interaction. Conducting regular monthly meeting with critical business / suppliers.

o Meet all statutory and legal compliance requirements as per policy.

o Primary Interactions: - 1) External - Vendors. 2) Nature of interaction includes- Supplier selection, negotiations, evaluation and management, spend analysis, vendor management. 3) Internal - Internal customers/business groups.

Measures of Success:

1. Deliver SLA compliance

2. Process Compliance

3. Legal/Audit Compliance

4. Cost Reduction Initiatives

5. Vendor Satisfaction index

6. System Knowledge

7. Customer Satisfaction

Job Specifications:

Essential qualifications and experience: -

Qualification – Must have - Graduate and above Experience

• 5 to 7 years in services procurement and similar domain

• Mandatory experience of driving supplier selection, negotiations, purchase order management, contracts negotiation, supplier management. Experience in similar commodity will be preferred

• Working on Ariba (Mainly on RFP, RFQ, RFI etc), Oracle Computer Knowledge Excel, Word, and Power Point

Knowledge & Skill Matrix:

1. Strong negotiation skills and analysis of cost

2. Analytical and commercial acumen

3. Strong interpersonal and communication skills (Verbal & Written)

4. Good presentation skills, excel, and system knowledge Strong process understanding and adherence to processes Team Player

5. Stakeholder Management

Additional Information (Optional):