Work closely with various G&A other service procuring teams to understand their procurement needs
Develop structure around procurement decisions, ensure mechanisms to provide for transparency in the function like Supplier short list criterions, suppliers short lists, decision matrix for procurement decisions
Identify suppliers for specific procurement, negotiate and present the cases of best suppliers to the end users and authorized approvers
Consolidate various ad-hoc procurements into a few comprehensive arrangements – one stop supplier arrangements
Reduce advance payment requirements through sustained supplier relationships
Facilitate suppliers to adhere to Morningstar process and systems on procurement and payments
Build mechanisms to ensure all anti-corruption laws are followed by all stakeholders – internal and external, in letter and spirit
The position currently is an individual contributor position
Requisites
Experience of procurement in indirect procurement for 6 – 10 years
Demonstrated ability in Supplier selection, development and negotiation
Should be able to gain insights into the domains of requesting functions and appreciate operating nuances to optimally serve as a support function
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Is able to build create great partnerships with various requesting teams
Ability to build processes and structure around procurement activities
Strong negotiation skills, while maintaining quality as well as fairness to all stakeholders
Integrity is of utmost importance in the role - the role needs to stay above all doubts, by provision of maximum transparency and staying away from conflict of interests
Ability to bring in out of box solutions
Understands priorities while not losing long term view
Pursues results rather than just processes
Reasonable communications skills, especially on emails
Prior experience on procurement systems like Coupa etc preferable. Alternative experience with ERPs involving workflows can be considered
Strong analytical skills with experience in analyzing spend, tracking savings, and analyzing contract compliance. Proficiency in Excel strongly preferred (in some cases, analyzing large data sets using functions like VLOOKUP, PivotTables, and similar)Experience with sourcing activities including preparing, issuing and analyzing Requests for Proposals (RFPs) and evaluating supplier risk and opportunities
The role is currently an individual contributor role
Qualifications
Commerce Graduate – specialization in Procurement shall be an added advantage
Experience
Years Preferably 6 – 10 years, primarily in indirect procurement
Industry : – Preferably Service industry, MNC background, however open to look at good candidates from diverse background
Reporting
The position shall report locally to Director Finance – India, while reporting functionally into the global procurement team.
Morningstar is an equal opportunity employer.
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity
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