Job id : 43254

Buyer

Northern Trust

Bangalore

Northern Trust

Bangalore

2 years ago

48 Applied

JOB ID:43254

Job details

Job Type

Full Time

Functional Area

Accounting / Finance / Tax / CS / Audit

Industry

Banking/Financial Services/Insurance,IT-Hardware & Networking,IT-Software/Software Services,Internet/E-Commerce/Startups,KPO/ Research/ Analytics

Education

Not Specified

Experience Required

5 - 8 Yrs

Salary

8 - 10 Lakhs

Key Skills Required

sourcing, ff&e procurement

Other Skills Required

Languages

English

Job Details
Job Description
About Company

Job Description

1. Responsible for Procurement Operations, from purchase to pay cycle. Exposure to Purchase Order/Contract processing, data analysis and reporting, catalog management & Vendor payment processing.2. 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.3. Works closely with the Legal Department, Finance, IT and Global Procurement to refine and/or define, communicate and apply standard processes and terminology to be used when executing contracts.4. 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.5. Creates, negotiates and incorporates contract amendments, renegotiating the contract, if required, to accommodate scope changes or changes in organization requirements.7. Supports in implementing Category Strategy & related operations management. Develop Total Cost of Ownership (TOC) models to identify improvement opportunities.8. Responsible for vendor relationships, Monitor and manage Vendor performance measurement.9. 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.10. Exposure to ERP tools, Oracle PeopleSoft: Including all modules of procure to pay cycle, from Vendor setup to payment process.12. Responsible for Spend Analysis & reporting.11. 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 experienceShift: EMEA

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 Required:

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

See Less

Additional Information

Cab Facility Provided

Flexibility Provided

Extended Working Hours

Travel Required

Shift Timings

About Company

As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity.

A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence.

Since our roots as a trust bank, we’ve grown to a global presence with more than 22,000 employees in more than 20 countries and across five core business units:

Wealth Management
Asset Management

A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence.

Since our roots as a trust bank, we’ve grown to a global presence with more than 22,000 employees in more than 20 countries and across five core business units:

Wealth Management
Asset Management
Asset Servicing
Technology
Corporate Functions

Join a Team That’s Made for Greater

At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done.

Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you.

New partners, enduring principles

What are enduring principles? At Northern Trust, you’ll often hear them referenced. But it’s much more than a catchphrase – it’s what guides our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity.

What does this mean?

Service

Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results.

Expertise

Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions.

Integrity

Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.

As of March 31st, 2022, Northern Trust Corporation had: