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Procurement professional ( Contracting Specialist)
5-8 years
Bangalore / Bengaluru
1 vacancy
Procurement professional ( Contracting Specialist)
Caterpillar Inc
posted 19d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Career Area:
Procurement Job Description:
Your Work Shapes the World at Caterpillar Inc.
Your Impact Shapes the World at Caterpillar Inc
When you join Caterpillar, youre joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We dont just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
Job Summary
We are seeking a skilled P rocurement professional ( Contracting Specialist ) to join our India Contracting COE - Global Finance Division Team.
The preference for this role is to be based out of Whitefield Office, Bangalore, India
What you will do
Job Roles and Responsibilities
- Global scope for contract management and processing while collaborating with partners across Procurement, Legal, and the business
- Preparing, executing, and archiving relevant procurement legal documents (including MSAs, amendments, schedules, NDSAs, etc.)
- Negotiate with suppliers on non-commercial contract terms to minimize enterprise risk
- Managing document processes/approvals required for general business and SOX compliance
- Assisting with other projects as necessary, including reporting on relevant productivity and velocity metrics
- Identifying and implementing process enhancements to drive continuous improvement
What you will have
- Min. 8 years of experience is required on negotiating & red lining on the Master Contract Agreements - Mandatory.
- Educational Qualification - LLB / LLM in any specialization (or) 4-year college or university degree is required (or) Min. 10 years - Buyer experience on contract management and on Masters.
- Hands on experience in Purchasing and on Contract management is greatly preferred.
- Proficiency in English is required
- Extensive contracting experience with Master Agreements, SOW/ Statement of Work, Local Implementation Agreements, Amendments, etc.
- Strong organizational and project management skills and significant attention to detail while managing multiple projects in a fast-paced environment
- An analytical mind, which is essential for guiding decision making
- Skilled in diplomacy and drafting, especially in disputes and contract drafting.
- Procurement experience managing large volume of contracts
- Strong Work Ethic, writing skill, interpersonal and collaboration skills
Top Candidates will also have:
- Highly professional with superior verbal and written communication skills
- Prior experience providing contracting/legal support for a public company
- Demonstrated initiative, good judgment and accountability
- Results showcasing continuous improvement impact
- Performing analysis and maintenance of assigned processes that produce output excellence, builds expertise for the assign process area, and contributing to continuous improvement efforts.
- Performing analytical and administrative tasks in support of purchasing strategic initiatives.
Skills desired:
Data-driven Decision Making: Knowledge of the data-driven decision-making process and associated tools and techniques; ability to gather and analyze data to make organizational decisions that align with strategic business objectives and goals.
Level Working Knowledge:
- Applies an assigned technique for data-driven thinking in a Decision-Making process.
- Discerns between "signal" and "noise" when interpreting data.
- Identifies, obtains, and organizes relevant data and ideas.
- Participates in the process of choosing KPIs and metrics to influence decisions.
- Utilizes the basic data collection and evaluation tools and techniques.
Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Working Knowledge:
- Approaches a situation or problem by defining the problem or issue and determining its significance.
- Makes a systematic comparison of two or more alternative solutions.
- Identifies the major forces, events and people impacting and impacted by the situation at hand.
- Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.
Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Level Working Knowledge:
- Delivers helpful feedback that focuses on behaviors without offending the recipient.
- Listens to feedback without defensiveness and uses it for own communication effectiveness.
- Makes oral presentations and writes reports needed for own work.
- Avoids technical jargon when inappropriate.
- Looks for and considers non-verbal cues from individuals and groups.
Procurement: Knowledge of buying and procurement; ability to work with organizational strategies and practices, and use tools for buying goods, supplies, equipment and services needed to conduct business.
Level Working Knowledge:
- Works with the procurement of services, materials or equipment.
- Follows established procedures, documentation requirements and approval level requests to conduct procurement activities.
- Interprets benefits, issues and considerations of using e-procurement.
- Uses available procurement systems and tools in transactions with approved suppliers.
- Assists in reviewing the fulfillment of administrative and documentation requirements for the completion of purchase.
Knowledge of specific Procurement System: Knowledge of the features, functions, and operations of a procurement systems; ability to develop and use tools, techniques, and practices for Contracting procurement application.
Level Extensive Experience:
- Improves standard processes to maximize the procurement systems efficiency and effectiveness.
- Coaches on the application of a specific procurement system, its benefits and drawbacks.
- Teaches others how to use advanced technologies and tools of a specific procurement system.
- Resolves various complex procurement system problems that arise.
- Facilitates the creation of interfaces with other procurement applications.
Purchasing task and activities: Knowledge of policies, regulations and processes of purchasing; ability to use practices and procedures for procurement of materials, components, equipment and services.
Level Working Knowledge:
- Uses available procurement systems and tools.
- Ensures compliance with procurement regulations and contract specifications.
- Works with basic purchasing related tasks and activities.
- Adheres to various requirements and steps of the procurement process.
What you will get:
- Work Life Harmony
- Earned and medical leave.
- Flexible work arrangements
- Relocation assistance
Holistic Development
- Personal and professional development through Caterpillar s employee resource groups across the globe
- Career developments opportunities with global prospects
Health and Wellness
- Medical coverage -Medical, life and personal accident coverage
- Employee mental wellness assistance program
Financial Wellness
- Employee investment plan
- Pay for performance -Annual incentive Bonus plan.
Additional Information:
Posting Dates:
November 11, 2024 - November 24, 2024 Employment Type: Full Time, Permanent
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Walkin
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42%
19%
14%
7%
4%
3%
11% candidates got the interview through other sources.
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What people at Caterpillar Inc are saying
Rating based on 1 Procurement Professional
review
Anonymous · Procurement & Supply Chain - Other
in Bengaluru
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Read 1 reviewProcurement Professional salary at Caterpillar Inc
reported by
11
employees
with 5-11
years exp.
₹5.6
L/yr - ₹19
L/yr
105%
more
than the average Procurement Professional Salary in India
View more details
What Caterpillar Inc employees are saying about work life
based on 1.1k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Caterpillar Inc Benefits
Submitted by Company
Health Insurance Defined Benefit Pension Plan Long-term Disability Insurance Supplemental Unemployment
Submitted by Employees
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Caterpillar Inc Bangalore / Bengaluru Office Locations
Bangalore Office
Headquarter
RMZ NXT, Campus 1A - 4th & 5th Floor
Whitefield Road,
Sonnenhali Village,
Bangalore 560066
Karnataka, India
Bangalore
560066
560066
Bangalore Office
RMZ NXT, Campus 1A - 3rd Floor
Whitefield Road, Sonnenhali Village,
Bangalore - 560066,
Karnataka, India
Bangalore
560066
560066
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