About Us: Paytm is India's leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks' financial instruments. To further enhance merchants' business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners. About Team: Managing the purchase strategy, developing, and implementing the operating system, and ensuring to develop the business solution to deliver business objectives. About the role: IT Procurement Specialist is responsible for procurement and management of IT-related goods and services to support the organization's technology infrastructure and operations. This role involves liaising with vendors, negotiating contracts, and ensuring the timely acquisition of hardware, software, and services necessary for maintaining a reliable and efficient IT environment. Expectations/ Requirements: 1. Identify, evaluate, and select vendors for IT hardware, software, and services based on quality, cost, and reliability. 2. Cultivate and maintain strong relationships with vendors to ensure favorable pricing, terms, and service levels. 3. Negotiate contracts, licenses, and service agreements with vendors to achieve optimal terms and conditions. 4. Collaborate with IT stakeholders to understand their requirements and develop procurement strategies aligned with organizational objectives. 5. Generate purchase orders and ensure timely processing of procurement requests, adhering to budgetary constraints and procurement policies. 6. Monitor and track the status of orders, ensuring on-time delivery and resolving any issues or delays with vendors. 7. Provide pro-active support in new source identification, assessment and evaluation as per strategic sourcing process (RFP/RFQ) followed by PO documentation and compliance. General and Task Management 1. Responsible for managing relationships and negotiating with key suppliers at a senior and strategic level. 2. Oversee team day-to-day operation and performance. 3. Forecast price and market trends to identify changes of balance in buyer supplier power Seek and partner with reliable vendors and suppliers. 4. Develop an overall vendor base which creates and sustains a competitive advantage utilizing global market exploitation, leveraging spends and leveraging technologies. 5. Develop, implement and maintain a supplier relationship and evaluation process to measure effective supplier performance and compliance. People Management 1. Provide leadership to departments under control. Coach, mentor and develop direct reports and manage a high performing team that delivers continuous improvement, added value and cost reductions. 2. Set department objectives and monitor ongoing progress and performance 3. Ensure strong communication between teams under leadership to facilitate exchange of information and to implement change and improvements. 4. Complete regular performance reviews, manage attendance, holidays, disciplinary issues, and procedures a appropriate. Relationship Management 1. Develop and maintain strong relationships with internal and external stakeholders to ensure optimal performance. 2. Work collaboratively, negotiate, and engage with key stakeholders to facilitate delivery and compliance with the purchasing strategy. 3. Recommend solutions without compromising quality or service while optimizing cost. 4. Contribute to new business initiatives and projects and review and communicate the impact on Procurement activities. Key Skills/Experience Required: 1. Minimum 6+ years of relevant experience Proven experience in IT procurement, contract negotiation, and vendor management. 2. Strong understanding of IT hardware, software, and licensing models. 3. Familiarity with procurement processes, including purchase requisition, purchase order issuance, and invoice reconciliation. 4. Proficiency in using procurement software and tools for vendor management and contract administration. 5. Excellent analytical and problem-solving skills, with a focus on cost optimization and value maximization. 6. Effective communication and negotiation skills, both verbal and written. 7. Detail-oriented with a commitment to accuracy and compliance. 8. Ability to work independently and collaboratively in a fast-paced environment. Education: Bachelor's degree in Information Technology, Business Administration, or related field. Why join us: A collaborative output driven program that brings cohesiveness across businesses through technology. Improve the average revenue per use by increasing the cross-sell opportunities. A solid 360 feedback from your peer teams on your support of their goals. Compensation: If you are the right fit, we believe in creating wealth for you with enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants - and we are committed to it. India's largest digital lending story is brewing here. It's your opportunity to be a part of the story!