Job Description

Paytm is India\'s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks\' financial instruments. To further enhance merchants\' business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.

About Team:

Managing the purchase strategy, develop , implement the operating system and ensure to develop the business solution to deliver business objectives.

About the role:

Responsible for ongoing management of purchasing strategy and activity and for ensuring optimal supplier performance and price. Develop and implement a strategy to ensure the function is operating in line with the objectives of the business to add value, mitigate supply chain risk and deliver cost savings. Develop and maintain strategic supplier relationships and manage the development of contracts, contractual relationships and contract management to deliver continuous improvement in delivery of goods and services by the supply base. Lead and manage a team of Buyers to deliver the appropriate support to the business to ensure corporate and business development objectives are met. Work alongside the senior management team in contributing to overall business objectives.

Expectations/ Requirements:

All Procurement related to software, Hardware, Telecom etc. Issuance/Changes in PR/PO/Amendment, Changes in Vendor database, Other related areas as per requirement

Strategy and Development

• Overall responsibility for Purchasing and Cost Estimating activities across the business.

• Create and implement best practice purchasing vision, strategy, policies, processes and procedures to aid and improve business performance.

• Ensure that purchasing strategies and processes are in place to meet business objectives and operational needs in terms of price, quality and delivery targets, which enables the company to function and compete effectively in the market to include: Terms and conditions, supplier selection/de-selection, evaluation and rationalization of supply chain solutions including vendor managed inventory, supplier consignments and safety stock.

• Evaluate the challenges faced by the business and take action to mitigate risks and develop opportunities.

• Contribute to overall business strategy and annual budget process.

• Take ownership of the Purchasing Policy, Guidelines and any associated documents.

• Initiate and develop creative and innovative procurement processes like (eProcurement)

General and Task Management

• Responsible for managing relationships and negotiating with key suppliers at a senior and strategic level.

• Oversee team day-to-day operation and performance.

• Negotiate contract terms with key suppliers to ensure value for money, quality standards and delivery terms with technical and operational input from stakeholders if appropriate, Craft negotiation strategies and close deals with optimal terms.

• Forecast price and market trends to identify changes of balance in buyer supplier power Seek and partner with reliable vendors and suppliers.

• Develop an overall vendor base which creates and sustains a competitive advantage utilizing global market exploitation, leveraging spends and leveraging technologies.

• Develop, implement and maintain a supplier relationship and evaluation process to measure effective supplier performance and compliance.

• Ensure professional and consistent supplier management is applied across the supply base in line with the purchasing policy and OJEU guidance

• Work closely with Research Development to source new and alternative raw materials

People Management

• Provide leadership to departments under control. Coach, mentor and develop direct reports and manage a high performing team that delivers continuous improvement, added value and cost reductions

• Set department objectives and monitor ongoing progress and performance

• Ensure strong communication between teams under leadership to facilitate exchange of information and in order to implement change and improvements

• Complete regular performance reviews, manage attendance, holidays, disciplinary issues and procedures as appropriate.

Relationship Management

• Develop and maintain strong relationships with internal and external stakeholders to ensure optimal performance.

• Work collaboratively, negotiate and engage with key stakeholders to facilitate delivery and compliance with the purchasing strategy.

• Recommend solutions without compromising quality or service while optimizing cost.

• Contribute to new business initiatives and projects and review and communicate the impact on Procurement activities.

Self Management

• Inspire and motivate the team

• Knows, develops the team and consistently manages performance firmly and fairly

• Resilient, optimistic and open to change

• Shows moral courage, openness and honesty in all dealings

• Self-motivated and able to work well under pressure

H. Key Skills/Experience Required:

• Education: Bachelor\'s degree with at least 10+ years of relevant experience, including a minimum of five years in team management.

• Proven leadership and management skills with the ability to optimize team performance and development.

• Excellent relationship management skills with the ability to engage, negotiate and manage key stakeholders and suppliers

• Strong and confident negotiator with the ability to negotiate at all levels.

• Excellent communication, interpersonal and influencing skills.

• Strong leadership skills and the ability to direct team according to company standards.

• Excellent analytical and problem solving abilities.

• Results orientated with ability to plan and deliver against project deadlines.

Why join us:

A collaborative output driven program that brings cohesiveness across businesses through technology. Improve the average revenue per use by increasing the cross-sell opportunities. A solid 360 feedback from your peer teams on your support of their goals.

Compensation:

If you are the right fit, we believe in creating wealth for you with enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants - and we are committed to it. India\'s largest digital lending story is brewing here. It\'s your opportunity to be a part of the story!

Paytm