Procurement Specialist

About Groww:

We are a passionate group of people focused on making financial services accessible to every Indian through a multi-product platform. Each day, we help millions of customers take charge of their financial journey. Customer obsession is in our DNA. Every product, every design, every algorithm down to the tiniest detail is executed keeping the customers’ needs and convenience in mind. Our people are our greatest strength. Everyone at Groww is driven by ownership, customer-centricity, integrity and the passion to constantly challenge the status quo.

Are you as passionate about defying conventions and creating something extraordinary as we are? Let’s chat.

Our Vision

Every individual deserves the knowledge, tools, and confidence to make informed financial decisions. At Groww, we are making sure every Indian feels empowered to do so through a cutting-edge multi-product platform offering a variety of financial services. Our long-term vision is to become the trusted financial partner for millions of Indians.

Our Values

Our culture enables us to be what we are - India’s fastest-growing financial services company. It fosters an environment where collaboration, transparency, and open communication take center-stage and hierarchies fade away. There is space for every individual to be themselves and feel motivated to bring their best to the table, as well as craft a promising career for themselves.

The values that form our foundation are:

• Radical customer centricity
• Ownership-driven culture
• Keeping everything simple
• Long-term thinking
• Complete transparency

About the Role

We seek an experienced, results-driven purchasing manager to join our team at Groww. As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market.

Key Responsibilities

• Develop and implement procurement strategies and policies for cost optimization and supply chain efficiency
• Identify, evaluate, and select suppliers based on quality, cost-effectiveness, and ethical standards
• Negotiate contracts and terms with suppliers to ensure favorable pricing and mutually beneficial agreements
• Manage supplier relationships, including performance evaluation, issue resolution, and long-term partnership building
• Conduct market research and analysis to stay updated on industry trends and pricing fluctuations
• Monitor inventory levels, analyze demand patterns, and implement inventory management strategies
• Collaborate with internal stakeholders to understand requirements and align procurement with organizational goals
• Implement procurement systems and tools to streamline processes and enhance efficiency
• Analyze and present procurement reports, performance metrics, and cost-saving opportunities to management
• Ensure compliance with regulatory requirements and promote ethical and sustainable sourcing practices
• Develop procurement metrics to track performance and identify areas for improvement
• Manage Admin, HR, IT, and Marketing spends

Preferred skills and qualifications

• Bachelor's degree in supply chain management, business administration, engineering or a related field.
• 2+ years in procurement/purchasing in a fast-paced, competitive environment in the Indian market.
• In-depth knowledge of procurement principles, strategies and best practices.
• Strong skills in budgeting, cost optimisation and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using procurement software and systems.
• Knowledge of local and national laws and regulations related to procurement.
• Willingness to work in a fast-paced and competitive environment.
• Knowledge of Admin , HR, IT , Marketing Spends.