Buyer - Bengaluru, India - Northern Trust Corp.

Northern Trust Corp.
Northern Trust Corp.
Verified Company
Bengaluru, India

1 month ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

About Northern Trust:


Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.


Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity.

With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Job Description:
Buyer

Principal Responsibilities:


  • Responsible for Procurement Operations, from purchase to pay cycle. Exposure to Purchase Order/Contract processing, data analysis and reporting, catalog management & Vendor payment processing.
  • Supports multiple or complex purchases that range in size, complexity and contract duration. Determines appropriate contract form and develops supplementary contract language for various services agreements.
  • Ensures corporate and legal guidelines are followed. Understands and applies various country i.e.; India, Singapore, Japan, China, Hong Kong, Australia, NA and EMEA legal provisions, and cost drivers of each contract, and forecasts what actions will impact each from a financial perspective, technical and cultural area.
  • Creates, negotiates and incorporates contract amendments, renegotiating the contract, if required, to accommodate scope changes or changes in organization requirements.
  • Supports in implementing Category Strategy & related operations management. Develop Total Cost of Ownership (TOC) models to identify improvement opportunities.
  • Responsible for vendor relationships, Monitor and manage Vendor performance measurement.
  • Ensure best practice in purchasing techniques are in place at all times, performing and running RFX(RFI,RFT,RFQ,RFP) process, exposure in conducting eAuctions.
  • Exposure to ERP tools, Oracle PeopleSoft: Including all modules of procure to pay cycle, from Vendor setup to payment process.
  • Responsible for Spend Analysis & reporting.
  • Ensure Vendor payments are made in time as per Contract / PO terms, liaise with Accounts payable & requesters for smooth process.

Experience:
Minimum of 5-7 years experience


Qualification:
Graduate in Engineering, Science or Commerce, Business domain from a reputed University. MBA would be an added advantage.


Job Related Skills

  • Exposure to Implementation of effective Procurement Techniques
  • Proven skills in analysis, problem solving and coordination. Possesses strong Data Analysis & reporting skills.
  • Exposure to Customs and local purchase tax structures
  • Process compliance related skills and audit awareness
  • Possess excellent communication both verbal and written, presentation skills
  • Deep understanding of Enterprise Resource Planning (ERP), eAution and other Procurement tools

Technical Skills

  • MS Tools: Excel, Power Point, Word, Visio & SharePoint
  • Exposure to ERP Systems, Oracle PeopleSoft or SAP
  • Etools: Contract management tools, eAuction

Working with Us:

As a Northern Trust partner, greater achievements await.

You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.


Reasonable accommodation
We hope you're excited about the role and the opportunity to work with us.
We value an inclusive workplace and understand flexibility means different things to different people.
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