Role description
A Position Overview
Position Title | AVP |
Department | TDA-BSG (IT) |
Level/ Band | AVP - IT Procurement, Budgeting & Vendor Management |
Role Summary:
B Organizational Relationships
Reports to | Vice President - Governance |
Supervises | SeniorManager / Manager |
C Job Dimensions
Geographic Area Covered | PAN India |
Stakeholders Internal | TDA-BSG and all other TATA AIA internal departments |
External | Partners |
D Key Result Areas
- Develop, monitor, and manage the IT department's annual budget, including operating expenses, capital expenditures, and forecasting.
- Analyse financial data to identify trends, cost-saving opportunities, and areas for optimization within the IT budget.
- Prepare regular financial reports and presentations for IT leadership and senior management to facilitate decision-making.
- Develop, hone and execute new improved procurement strategies across all channels of purchasing.
- Evaluate and optimize our operations by automating Procurement process
- Delegate tasks and supervise the work of purchasing and procurement agents across all verticals within IT
- Manage every aspect of the supply chain and notify the senior management team of any possible obstacles to ideal efficiency
- Institute policies and procedures for collecting and reporting key metrics that will reduce our overall expenses while increasing productivity
- Vendor Management - Coordinating with vendors to ensure excellent service to IT Stakeholders
- Drive strategy around Vendor Consolidation & improving vendor performance
- Perform cost analysis and set appropriate benchmarks
- Create policies and procedures for risk management and mitigation
- Excel in conflict resolution as it arises and proactively guide the team to handle such occurrences
- Lay an emphasis on continuous learning through scheduled lunch and learns, workshops
- Act as a central point of contact to drive cross Teams coordination across multiple Vendors and technology functions
- Keep a pulse on industry trends and best practices concerning managing vendor partners
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E Competencies ( Please copy paste from Competency Dictionary)
Competency For
| Proficiency Scale | Proficiency Scale Description |
Eg |
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Business Acumen and Strategic Orientation
Ability to align with the organization's vision with a fair understanding of the insurance industry, regulations, financial markets and the agency business model in order to deliver profitable and sustainable business growth. | 3 | Has an in-depth understanding of the market of operations and proposes changes if required as per market dynamics.
Understands how and to what extent business complexities impacts one's own area of work.
Is able to identify trends and analyze performance of self and various branches in one's geography.
Has expert knowledge of BA model, BA compensation and Agent commission and progression and uses it to deliver superior performance.
Is able to device plans to recruit, develop and sustain distributors on a long term basis with organization.
Strives towards achieving proportionate business contribution from all the branches of assigned territory. |
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G Skills Required
Technical | |
Behavioral | | |
| Essential | Desired |
Interpersonal skills | | |
Communication skills | | |
Creative thinking skills | | |
Supervising/Leadership skills | | |
Teamwork Skills | | |
Influencing skills | | |
Relationship Building skills | | |
Decision making skills | | |
H Incumbent Characteristics
| Essential | Desired |
Qualification | - Bachelor's Degree in Business or Accounting required (MBA preferred)
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Experience | - 10+ years experience in IT procurement or purchasing & Vendor Management
- 5+ years experience in Budgeting
- Excellent managerial and training skills
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