Procurement Specialist

Role: Procurement Specialist

Location: Bengaluru

What you’ll do

We’re MiQ, a global programmatic media partner for marketers and agencies. Our people are at the heart of everything we do, so you will be too. No matter the role or the location, we’re all united in the vision to lead the programmatic industry and make it better.

The Procurement Specialist must be self-motivated and a strong team player to efficiently manage the day-to-day operations and always thrive for effective solutions for day-to-day issues. The Procurement Specialist is expected to develop relationships with internal business lines. He / She must analyze and understand requirements from the business and not only cater to it but also provide ongoing support to meet business requirements.

The Procurement Specialist provides specialized procurement knowledge, commodity analysis and maintains ongoing commercial relationships between MiQ and its vendors. The Procurement Specialist will also play a role in supplier management, working closely with global suppliers to develop business relationships that help facilitate a more streamlined approach to sourcing while ensuring through negotiation that price competitiveness and high levels of service are maintained.

• Compares prices amongst various vendors in order to make sound purchasing decisions.
• Works within a given budget to purchase goods and services for MiQ.
• Negotiates with vendors on price, payment, quality, mode of delivery/shipping, delivery time, T&Cs
• Ensures that products/services are delivered in a timely manner, and that the quality of the goods/services received is satisfactory.
• Checks invoices for accuracy and authorizes the Finance department to issue payment.
• Evaluates the performance of vendors on a regular basis.
• Identify cost saving opportunities and drive negotiations with the vendors.
• Process PRs into POs in accordance with guidelines as per the SLA and deal
• effectively with any queries raised by stakeholders.
• Flag the requisitions falling out of budgeted spend to COO and Finance
• Expediting the orders as per the urgency of requirement and ensure timely delivery of goods/services by vendors.
• Updates/ top-up to PO’s based on requests from the business.
• Monthly review of all open POs to optimize commitments.
• Deliver customer service and stakeholder delight for overall process.
• Review the receipts to ensure accruals are accurate and provide information to Finance for accurate accruals.
• Review the current Vendor database and check for the existing documents available to consolidate on one repository.
• Map our requirement on vendors compliance and identify the missing information or documents.
• Connect with vendors via email and phone to collect or verify the information or relevant documents.
• Ensure the vendor master is 100% accurate and in line with our requirements.
• To maintain the documentation of the vendor set ups and the vendor profile updates or amendments for control audits.
• Update the SOP and audit narratives with the changes if any in the procedures & processes.
• Attend meetings with the legal department to ensure any contractual obligations are favorable to the company.
• Onboard and manage the vendors approved by COO and BRB
• Maintain bank and address information details. Also maintain the log updated to confirm vendor information every 12 months.
• Manage stakeholders spend requirements and priorities by managing Procurement activities efficiently.
• Able to advise stakeholders on Procurement and vendor master procedures/guidelines.

Who are your stakeholders?

Internal Business Teams

What you’ll bring

• Minimum 5+ years of experience in Procurement and vendor admin area in a large or mid-sized company and in sourcing across specific categories.
• Ability to develop solutions to procurement problems and provide high quality and/or creative solutions.
• Proven capability of delivering deals – from mid to higher levels of complexity and which may be global in nature, including all aspects of the procurement process.
• Must understand Vendor compliance and due diligence requirement and should have worked for vendor master creation for international vendors.
• Strong analytical, problem-solving reporting, and presentation skills.
• Hands on approach for deal execution, manage deals end to end on their own with minimal oversight on less complex deals.
• Experienced in negotiations and excellent verbal and written communication skills.
• Experience in understanding contracts and ability in contract drafting, with limited requirement for specialist legal support.
• Ability to manage multiple priorities, very often to tight deadlines, and deliver results.
• Highly organized and results driven and ability to work effectively in cross - functional business teams.
• Strong interpersonal and influencing skills; Excellent Stakeholder engagement.
• Demonstrated strengths in relationship building and conflict management.
• Demonstrated ability to meet goals and deadlines.
• Good process and project management skills.
• Self – starter, strong motivator, professional team player, motivated and highly flexible
• to work global hours
• Qualification: Any Graduate - Any Specialization
• Experience with any of the standard ERPs used for Procurement like - Workday, Oracle, Ariba, etc.

We’ve highlighted some key skills, experience, and requirements for this role. But please don’t worry if you don’t meet every single one. Our talent team strives to find the best people. They might see something in your background that’s a fit for this role, or another opportunity at MiQ. If you have a passion for the role, please still apply.

What impact will you create? 

Facilitate smooth business continuity by working with business teams to support their procurement requirements

What’s in it for you?

Our Center of Excellence is the very heart of MiQ, and it’s where the magic happens. It means everything you do and everything you create will have a huge impact across our entire global business.

MiQ is incredibly proud to foster a welcoming culture. We do everything possible to make sure everyone feels valued for what they bring. With global teams committed to diversity, equity, and inclusion, we’re always moving towards becoming an even better place to work.

Values

Our values are so much more than statements. They unite MiQers in every corner of the world. They shape the way we work and the decisions we make. And they inspire us to stay true to ourselves and to aim for better. Our values are there to be embraced by everyone, so that we naturally live and breathe them. Just like inclusivity, our values flow through everything we do - no matter how big or small.

• We do what we love - Passion.
• We figure it out - Determination.
• We anticipate the unexpected - Agility.
• We always unite - Unite.
• We dare to be unconventional - Courage.

Benefits

Every region and office have specific perks and benefits, but every person joining MiQ can expect:

• A hybrid work environment
• New hire orientation with job specific onboarding and training
• Internal and global mobility opportunities
• Competitive healthcare benefits
• Bonus and performance incentives
• Generous annual PTO paid parental leave, with two additional paid days to acknowledge holidays, cultural events, or inclusion initiatives.
• Employee resource groups designed to connect people across all MiQ regions, drive action, and support our communities.

Apply today!

Equal Opportunity Employer