Procurement Buyer - Bengaluru, India - Northern Trust

Northern Trust

Verified Company

Bengaluru, India

1 week ago

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.

Working Model:

The key responsibilities of the role include:
Buyer / Senior Buyer

Principal Responsibilities:

Responsible for managing end to end Procurement process, includes managing o all inquiries from vendors/partners, working closely with Category Mangers in driving Sourcing strategies, drive and maintains vendor catalog related to orders; updates internal tracking mechanisms and all metrics; resolves and escalates issues as needed. Takes minimum direction from Category Managers.
Responsible in provide effective and efficient support of the procurement processes
Ensures company policies and procedures are being adhered to as they pertain to Procurement
Secures and analyzes quotations, drive strategic negotiations with suppliers, completes contract negotiations, recommends suppliers with respect to cost, quality, and delivery competitiveness for assigned responsibilities
Works closely with Supports Category, makes recommendations to strategic sourcing initiatives, influencing resource dedication and savings commitments
Identifies, recommends and implements guidelines, policies and controls to manage spend effectively
Monitors supplier performance executes appropriate remedies for non-compliance. Negotiates modifications and new service levels as business conditions change
Drive special projects in support of broader Procurement goals. Sets and maintains project schedules, monitors project(s) and adjusts schedules or tasks as needed
Communicates directly with all levels of internal and external stakeholders, including senior management, relative to various policy, financial, risk and strategic matters
Resolves complex transactions, where expertise is required to interpret policies, guidelines and/or processes
Works on large and complex projects and develops project leadership skills
Follows effectively Procurement Buyer procedures and processes to improve the efficiency of the group and actively guide and support team
Interacts on a regular basis with upper management, external customers as well as internal partners to integrate solutions that meet the company's goals both financially and operationally
Acts as key contact for various partners, including internal auditors, and other business units

Job Related Skills

Indepth knowledge of Supply chain management, contracting and procurement knowledge is required.
Excellent oral and written communication skills are required. Technical skills / systems knowledge (e.g. MS Office skills, ERP systems
Coupa, Peoplesoft) is required.
Ability to create RFPs, related qualitative and pricing analysis, contractual documentation, service levels and performance scorecards is required.
Strong sourcing, project management, facilitation, negotiation and change management skills are required.
Strong analytical, presentation business articulation skills (verbal and written) are required with an ability to lead cross functional teams. Highly flexible and adaptable to change.
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
Deep understanding of Enterprise Resource Planning (ERP), eAuction and other Procurement tools

Experience:
Minimum of 5 to 7 years for Buyer & 8-10 years experience for Senior Buyer

Qualification:

A College or University degree in Business, Supply Chain Management or Finance and/or some relevant work experience in Sourcing or Procurement is required.

CPM certified or working towards completion is preferred MBA would be an added advantage.

Technical Skills

MS Tools: Excel, Power Point, Word, Visio & SharePoint
Exposure to ERP Systems, Coupa, 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 w