Senior Manager - Procurement 142412
Senior Manager - Procurement 142412
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Job Description
About Max Life Insurance:
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group an Indian multi business corporation.
Max Life offers comprehensive protection and longterm savings life insurance solutions through its multichannel distribution including agency and third party distribution partners. Max Life has built its
operations over almost two decades through needbased sales process a customercentric approach to engagement and service delivery and trained human capital.
As per public disclosures during the financial year 201920 Max Life achieved gross written premium of Rs. 16184 crore. As on 31st March 2020 the Company had Rs. 68471 crore of assets under management (AUM) and a Sum Assured in Force of Rs. 913660 crore.
For more information please visit the Companys website at www.maxlifeinsurance
We Stand for:
Caring
A compassionate leader who demonstrates appreciation for diversity in thoughts and approach towards people as well initiatives eliminates biases to promote meritocracy. A coach who inspires people to excel and sets a culture of high performance.
Collaboration
A boundaryless leader who is capable of identifying & leveraging expertise of team members for superlative outcomes thus delivers to the organizations ask. A leader who addresses challenges with a solution oriented approach to create winwin partnerships within & outside teams through inspired cooperation and teamwork.
Customer Obession
A leader who embodies Customer and keeps him at the core of all deliverables. Proactively anticipate customer needs and implement strategies to provide best in class customer experience.
Growth Mindset
An ambitious leader who can sponsor game changing ideas and rally the team to turn them into a reality. A leader who challenges the status quo takes bold & creative actions to manage complex issues & achieve high impact goals by pushing self and others and raise the bar on performance.
People Leadership
A peoples leader who inspires their teams to stretch themselves and achieve their true potential. A leader who create leaders by coaching empowering & motivating them to deliver superior business outcomes.
Max Life Insurance is an Equal Opportunity Employer and promotes inclusion and diversity.
JOB DESCRIPTION
Job title
Senior Manager Technology Procurement
Base Location
Gurugram (NCR)
Reports To
Corporate Vice President & Procurement Head
Position Type
Individual Contributor
Hiring Function
Procurement (CFO Organization)
Technology Procurement Team is responsible for all direct & Indirect technology sourcing needs across business operations and corporate functions. Senior Manager position in Technology Procurement Team would be instrumental in identifying building and managing effective relationships with key suppliers and in improving the performance and capability of all significant sources of supply.
Effectively utilize strategic sourcing and supplier relationship management processes to achieve company goals of securing continuity of supply of goods and services reducing total cost of ownership improving supplier quality establishing external partnerships to accelerate innovation and lead identification and of cost optimization initiatives. Support organizational strategies to achieve corporate objectives.
Job Purpose
- Effectively manage the annual Technology Spend of INR 200 Cr across hardware software cloud application development digital initiatives maintenance and support services.
- Deliver KPIs of cost reduction cost avoidance quality of services timely deliveries risk management stakeholder engagement controls and compliances.
- Directly collaborate and hands on manage the RFX process for Technology Procurements.
- Directly manage preparation of term sheets vendor proposals comparative statements review of POs contract clauses negotiations with vendors.
- Manage and resolve post contract business escalations
- Develops and execute Source to Contract Cycle and Category Management Strategy in assigned categories.
- Develop and maintain vendor relationships consolidate spend reduce the use of nonstrategic suppliers implement suppliersourcing strategies to ensure cost competitiveness.
- Create and negotiate high impact outcome focussed commercial structures
- Contribute in establishing robust procurement systems & processes.
- Ensure all established costs quality and delivery commitments are met.
- Lead all aspects of supplier outsourcing partner negotiations including contract terms pricing and performance management.
- Adherence to ever evolving control and compliance requirements for corporate governance fair and ethical practices
- Third party risk management related to Technology vendor partners
Job Accountabilities
Axis Max Life Insurance is a fast growing company (annual sales turnover of $3 Bn). Its one of the largest private insurance companies in India. Axis Bank is the majority stakeholder in Axis Max Life Insurance Limited.
Insurance industry is at cusp of explosivegrowth amid growing market size and federal focus to ensure Insurance for all. Job holder will have the opportunity to support shaping the future of Axis Max Life Insurance and sustain its profitable growth journey.
Job Context
Professional Qualification
- Engineering Degree /Graduation in Materials or Supply Chain Management or Operations Management
- Preferred MBA or CPSM / equivalent certification
Desired Skills & Experience
- 10 years of sourcing and procurement experience. Strong experience in deploying strategic sourcing plans and delivering KPIs (Savings Quality of Service Risk Management Digitalization Controls & Compliances).
- Good understanding of Technology products and services in Hardware Software Networking and Telecom domain.
- Expertise in technology sourcing across multiple business use cases (products services and solutions).
- Understanding and proven relationships in vendor ecosystem comprising of large bluechip companies across diverse technology product and service offerings Tier 2 local vendors and local taxation.
- Proven expertise in managing a spend of Rs 200 Cr
- Proven expertise in stakeholder management (supplier relationship and business stakeholders)
- Ability to work in as fast paced entrepreneurial environment
- Strong compliance mindset with ability to build & implement robust system & processes
- Proficiency in Source to Contract Systems.
Values
Customer Obsession
o Go beyond the creating customer delight
o Understand the customer business needs and implement strategies to find value added solution to business problems
Collaboration
o Solution Oriented Inspire by bridging gaps
o Encourage others to give their best and go beyond the normal call of duty
Growth Mindset
o Uses insights and intellect to raise the bar continually challenges the boundaries
o Sets stretched goals and pushes self and others to maximize outcomes
Highest degree of Ethics and Integrity
Behaviour and Skills:
Focus on Results
o Strong analytical mindset
o Good ability wherein strategy can be balanced with operations
Change Orientation
o Creativity to seek encourage and find innovative approaches
o Able to adapt quickly to a constantly changing environment
Influencing
o High energy action oriented agile in changing and growing environments.
Build Effective Teams
o Collaborative working approach to bring people on board
o Effective leadership and influencing skills.
o Orientation towards team development
SelfAwareness & Impact
o Excellent strategic thinking skills combined with strong analytical skills
Communication
o Excellent communication and listening skills; be confident resilient and comfortable with communicating at all levels
o Emotional intelligence to deal with different stakeholders within and outside the organization
Role Profile
Professional Qualification
- Engineering Degree /Graduation in Materials or Supply Chain Management or Operations Management
- Preferred MBA or CPSM / equivalent certification
Desired Skills & Experience
- 10 years of sourcing and procurement experience. Strong experience in deploying strategic sourcing plans and delivering KPIs (Savings Quality of Service Risk Management Digitalization Controls & Compliances).
- Good understanding of Technology products and services in Hardware Software Networking and Telecom domain.
- Expertise in technology sourcing across multiple business use cases (products services and solutions).
- Understanding and proven relationships in vendor ecosystem comprising of large bluechip companies across diverse technology product and service offerings Tier 2 local vendors and local taxation.
- Proven expertise in managing a spend of Rs 200 Cr
- Proven expertise in stakeholder management (supplier relationship and business stakeholders)
- Ability to work in as fast paced entrepreneurial environment
- Strong compliance mindset with ability to build & implement robust system & processes
- Proficiency in Source to Contract Systems.
Values
Customer Obsession
o Go beyond the creating customer delight
o Understand the customer business needs and implement strategies to find value added solution to business problems
Collaboration
o Solution Oriented Inspire by bridging gaps
o Encourage others to give their best and go beyond the normal call of duty
Growth Mindset
o Uses insights and intellect to raise the bar continually challenges the boundaries
o Sets stretched goals and pushes self and others to maximize outcomes
Highest degree of Ethics and Integrity
Behaviour and Skills:
Focus on Results
o Strong analytical mindset
o Good ability wherein strategy can be balanced with operations
Change Orientation
o Creativity to seek encourage and find innovative approaches
o Able to adapt quickly to a constantly changing environment
Influencing
o High energy action oriented agile in changing and growing environments.
Build Effective Teams
o Collaborative working approach to bring people on board
o Effective leadership and influencing skills.
o Orientation towards team development
SelfAwareness & Impact
o Excellent strategic thinking skills combined with strong analytical skills
Communication
o Excellent communication and listening skills; be confident resilient and comfortable with communicating at all levels
o Emotional intelligence to deal with different stakeholders within and outside the organization
Required Experience:
Senior Manager
Employment Type
Full Time
