Paytm Labs

Digital payments, loans, investments, and insurance

Procurement Manager - Admin, HR & Insurance

Procurement & SourcingConfirmed live in the last 24 hours

Full-timeNoida, Uttar Pradesh, IndiaNo salary listedIn-person

About the Job

Requirements

At least 8 years of relevant procurement experience.
A proven track record in negotiations and cost optimization.
Good understanding of contract management and compliance.
Strong analytical and stakeholder management skills.

Responsibilities

Lead procurement for Administration, Human Resources, offsite events, travel, insurance, and related categories.
Drive sourcing strategies, vendor selection, and commercial negotiations.
Ensure timely purchase requisition-to-purchase order cycle management and adherence to procurement policies.
Plan and execute electronic auctions and requests for quotations to drive competitive pricing and transparency.
Identify suitable categories for electronic auctions and maximize cost savings.
Analyze bid data and finalize vendors based on techno-commercial evaluation.
Identify, evaluate, and onboard new vendors.
Maintain vendor relationships and monitor performance against service-level agreements and key performance indicators.
Drive competitive bidding and cost benchmarking across categories.
Lead commercial negotiations to achieve cost savings and value optimization.
Draft, review, and finalize contracts and agreements in coordination with legal teams.
Ensure compliance with organizational policies and audit requirements.
Collaborate with Administration, Human Resources, Business, and Finance teams to understand requirements.
Provide procurement advisory and ensure alignment with business objectives.
Manage the end-to-end procurement lifecycle on enterprise resource planning platforms, including purchase requisition creation and purchase order issuance.
Monitor purchase requisition and purchase order aging and drive timely closures.
Drive process improvements and automation initiatives.
Manage procurement and supplier relationships for facility management, housekeeping, security, manpower, office supplies and stationery, travel and transportation, guest house and accommodation, cafeteria and catering, office furniture and equipment, maintenance contracts, utilities, and infrastructure-related services.
Manage sourcing and vendor relationships for recruitment agencies and staffing partners, learning and development programs, training and certification providers, employee engagement and wellness programs, background verification, human resources technology platforms and software, payroll and outsourced human resources services, assessment and talent management tools, event management, and employee communication services.
Lead procurement and renewal of corporate insurance programs.
Coordinate with brokers and insurers to obtain competitive coverage and pricing.
Manage procurement of group medical insurance and group personal accident insurance.

Role Overview:

The Procurement Manager / Senior Manager will be responsible for strategic

sourcing, vendor management, contract negotiations, and procurement operations across Administration, Human Resources, and Insurance categories. The role is responsible for delivering cost efficiencies, ensuring service quality, managing supplier risks, and supporting business objectives through effective procurement practices and stakeholder engagement.

Key Responsibilities:

1. Procurement & Category Management

 Lead procurement for Admin, HR, offsite events, travel, Insurance etc.

 Drive sourcing strategies, vendor selection, and commercial negotiations.

 Ensure timely PR-to-PO cycle management and adherence to procurement

policies.

2. E-Auction & Strategic Sourcing

 Plan and execute e-auctions/RFQs to drive competitive pricing and

transparency.

 Identify suitable categories for e-auctions and maximize cost savings.

 Analyze bid data and finalize vendors based on techno-commercial

evaluation.

3. Vendor Management & Development

 Identify, evaluate, and onboard new vendors.

 Maintain strong vendor relationships and monitor performance (SLAs/KPIs).

 Drive competitive bidding and cost benchmarking across categories.

4. Commercial & Contract Management

 Lead commercial negotiations to achieve cost savings and value optimization.

 Draft, review, and finalize contracts/agreements in coordination with legal

teams.

 Ensure compliance with organizational policies and audit requirements.

5. Stakeholder Management

 Collaborate with internal teams (Admin, HR, Business, Finance) to

understand requirements.

 Provide procurement advisory and ensure alignment with business objectives.

6. Process, ERP & Governance

 Manage end-to-end procurement lifecycle on ERP platforms (PR creation, PO

issuance etc).

 Monitor PR/PO aging and drive timely closures.

 Drive process improvements and automation initiatives.

Key Requirements:

 8–12+ years of relevant experience in procurement.

 Proven track record in negotiations and cost optimization.

 Good understanding of contract management and compliance.

 Strong analytical and stakeholder management skills.

Key Skills:

 Commercial Negotiation

 Vendor Management

 Contract Management

 Strategic Sourcing

 Stakeholder Management

 Cost Optimization

 Process Excellence

Key Relevant experience

Administration Procurement:

- Manage procurement and supplier relationships for:

- Facility management services

- Housekeeping, security, and manpower services

- Office supplies and stationery

- Travel and transportation services

- Guest house and accommodation services

- Cafeteria and catering services

- Office furniture and equipment

- Maintenance contracts (AMC)

- Utilities and infrastructure-related services

- Corporate events and employee services

HR Procurement:

- Manage sourcing and vendor relationships for:

- Recruitment agencies and staffing partners

- Learning and development programs

- Training and certification providers

- Employee engagement and wellness programs

- Background verification services

- HR technology platforms and software

- Payroll and outsourced HR services

- Assessment and talent management tools

- Event management and employee communication services

Insurance Procurement Management:

- Lead procurement and renewal of corporate insurance programs.

- Coordinate with brokers and insurers to obtain competitive coverage and pricing.

- Manage procurement of:

- Group Medical Insurance

- Group Personal Accident

Requirements at a Glance

Experience Level: Senior, Expert

Benefits

Health & Wellbeing - Your group health benefits are 100% funded by us, and start on your first day.
Travel the World - Even though we are currently working remotely, usually our employees make frequent international business-related trips while working on exciting projects.
Continuous Learning - We're passionate about learning and strive to constantly improve and innovate. We learn from others, our challenges & our successes.
Connection - In this virtual world, we stay connected through events like game nights, movie nights, arts & crafts sessions (like Origami), meditation sessions, and much more.
Autonomy & Flexibility - You get to define how you want to make an impact. We truly believe that great things happen when people are given the trust and freedom to create their own path.
Beautiful Office - Whenever we return back to the office, you’ll get to check out our awesome workspace, complete with pool and ping pong tables, a snack-filled kitchen, and tons of cozy work spaces.

About the Company

Paytm Labs

Digital payments, loans, investments, and insurance

Paytm Labs offers an integrated digital payments and financial services platform in India for individuals and businesses, covering UPI payments, mobile recharges, bill payments, ticket bookings, loans, investments, insurance, metro cards, and more. Users initiate payments or financial actions in the app, which are processed through UPI and payment gateways, with revenue from transaction fees and commissions on financial services. It differentiates itself through a large ecosystem of merchants and users, a wide range of services in one app, and a focus on customer support and trust. Its goal is to make a broad set of financial services easily accessible to mass-market users while growing revenue via payment processing and financial services partnerships at scale.

Company size: 10,001+
Company stage: IPO
Headquarters: Noida, India
Founded: 2014

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