Website Hindustan Coca Cola Beverages
Job Description:
Objective:
– Ensure effective budgeting, forecasting, and spend management for procurement-related expenditures.
– Validate, monitor, and track procurement savings realization and report the financial impact of sourcing initiatives.
– Provide financial analysis and commercial insights to support sourcing strategies, vendor evaluations, and contract negotiations.
– Strengthen financial controls, compliance, and governance frameworks across procurement processes.
– Deliver actionable analytics, spend insights, and management reports to support business and procurement decision-making.
– Partner with cross-functional stakeholders including Procurement, Finance, Supply Chain, Operations, and Business teams to enhance operational and financial efficiency.
– Drive working capital improvement initiatives through effective payment terms management, inventory optimization, and cash flow enhancement.
– Support the development and implementation of procurement strategies aligned with organizational goals and profitability objectives.
– Identify opportunities for process improvement, automation, and enhanced spend visibility across procurement categories.
– Ensure adherence to company policies, procurement guidelines, and audit requirements.
Financial Business Partnering:
– Partner with Procurement, Supply Chain, and Business stakeholders for financial decision-making.
– Support category managers in evaluating sourcing strategies and vendor commercial proposals.
– Provide financial insights to improve procurement efficiency and cost competitiveness.
Budgeting & Forecasting:
– Lead procurement-related budgeting and forecasting activities.
– Monitor procurement spent against budgets and identify risks/opportunities.
– Prepare monthly, quarterly, and annual spend analysis reports.
Cost Optimization & Savings Tracking:
– Validate and track procurement savings initiatives.
– Drive cost reduction programs across direct and indirect spending categories.
– Monitor realization of negotiated savings and report financial impact.
Financial Analysis:
– Conduct spends analytics, vendor profitability, and cost-benefit analysis.
– Develop dashboards and MIS reports for leadership review.
– Analyze procurement trends and recommend corrective actions.
Governance & Controls:
– Ensure compliance with procurement policies, financial controls, and approval matrices.
– Support internal and external audits related to procurement transactions.
– Monitor contract compliance and vendor payment governance.
Stakeholder Management:
– Collaborate with Procurement, Operations, Supply Chain, Commercial, and Finance teams.
– Present insights and recommendations to senior leadership.
– Drive cross-functional initiatives for process improvement.
Direct Reports: Individual Contributor (functional teams at business units/zones will support)
Geographical Scope: Pan India
Reports To: VP – BSS, Treasury & Procurement Finance
Key Customers:
Internal Customers: Corporate Finance, FSS/BSS, Zonal Finance and Taxation, Corporate Supply Chain, Treasury Commercial and procurement department
External Customers: Tax Consultant, Lawyers, Law firms, Regulatory Authorities
Job Requirements:
Qualifications: CA/CMA/MBA
Experience: 8 – 16 years
Functional Skills:
– Procurement Finance & Business Partnering
– Strategic Sourcing Financial Evaluation
– Spend Analytics & Cost Management
– Savings Identification, Validation & Tracking
– Budgeting, Forecasting & Financial Planning
– Commercial Finance & Cost Benefit Analysis
– Vendor Financial Assessment & Due Diligence
– Contract Commercial Review & Negotiation Support
– Working Capital Management
– Financial Modeling & Scenario Analysis
– Procurement Performance Management
– Management Information Systems (MIS) & Reporting
– Financial Controls, Compliance & Governance
– Supply Chain Finance & Inventory Cost Analysis
– Cash Flow & Payment Terms Optimization
– ERP Systems (SAP, Oracle, Ariba, Coupa, etc.)
– Data Analytics, Power BI & Advanced Excel
– Cross-functional Stakeholder Management
– Process Improvement & Automation
– Audit Management & Risk Assessment
To apply for this job please visit www.iimjobs.com.
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