Assistant Manager, Procurement

Posted 9 Hours Ago
Be an Early Applicant
Hyderabad, Telangana, IND
In-Office
Senior level
Big Data • Fintech • Information Technology • Insurance • Financial Services
MassMutual is leading the financial services industry in digital enablement
The Role
Lead end-to-end contract management and procurement deals: draft, redline, negotiate supplier agreements, engage legal/compliance/IT stakeholders, assess and mitigate contractual risk, and streamline contracting processes while meeting business timelines.
Summary Generated by Built In

Who We Are – MassMutual India
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. Therefore, we want to inspire people to Live Mutual. We at MassMutual value diversity and inclusion. We’re people helping people
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals.  Our employees are the foundation of what makes MassMutual a strong, stable, and ethical business.  We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we’re stronger.

Job Description

Role Summary
This is a high-ownership, high-judgment role where success depends on the ability to operate independently, engage effectively across stakeholders, and drive complex deals forward with pace and precision. We are less focused on narrow specialization and more on identifying candidates who think critically, communicate with clarity, and take full accountability for outcomes in a fast-moving environment.
•    Owns outcomes, not tasks - accountable for moving deals to completion, not just executing assigned steps
•    End-to-end ownership mindset - operates as the single accountable lead for each deal, driving progress, surfacing risks, and ensuring alignment to business objectives
•    Clear, precise, and audience-aware communicator - conveys complex ideas in a structured, concise, and actionable way; adjusts tone and depth appropriately across stakeholders and communication channels (verbal, email, Slack)
•    Strong critical thinker with sound judgment - able to quickly synthesize information, identify key issues, and form clear, defensible points of view
•    Deeply inquisitive and business-driven - consistently seeks to understand the “why” behind each engagement and uses that insight to shape recommendations and contract strategy
•    Comfortable challenging assumptions and asking direct questions - does not take inputs at face value; surfaces gaps, tests reasoning, and pushes for stronger outcomes
•    Strong commercial problem solver - connects contract terms to business objectives; identifies risks, tradeoffs, and pragmatic paths forward
•    Thrives in ambiguity with a “jack-of-all-trades” mindset - flexible and willing to step across functional boundaries, handling a wide variety of deal types and stakeholder needs
•    Ability to manage multiple priority-1 items without loss of clarity or quality - remains organized and responsive while maintaining high standards for thinking and communication

Posted Job Description
The Opportunity

MassMutual is looking for a dynamic and experienced Contract Manager to lead and manage complex commercial agreements with precision and confidence. In this multifaceted role, you will oversee multiple projects simultaneously, leveraging strong communication, organization, and analytical skills to ensure alignment with internal policies and business objectives. You will be responsible for negotiating and drafting contract terms tailored to each deal, while collaborating with cross-functional stakeholders—such as legal, IT, and enterprise risk—to deliver strategic and compliant outcomes. This role is central to driving operational excellence and mitigating contractual risks in a fast-paced environment.

The Team

On the MassMutual Procurement team, our goal is to enable MassMutual’s mission and vision by providing the right supplier solution at the right time.  Our mission is to streamline the procurement process, align supplier partners to meet business needs and continuously increase the value provided to our policyholders.

The Impact

This role involves understanding the underlying business problem and creatively solving it by working with internal stakeholders to gain their input and approvals as necessary, explaining deal terms and risks to the internal engagement manager, and negotiating terms directly with the supplier.  You will have a deep support structure in our Procurement organization including Category Management and Supplier Relationship Management, among other dedicated functions.

Requirements of the role include but are not limited to:
•    Understanding the business drivers behind transactions assigned to you and developing an execution plan
•    As the central point of contact for each contract, you will leverage your organizational skills and influence to ensure deals are negotiated and executed in accordance with business timelines
•    Engaging with internal stakeholders including the line of business, legal, compliance and data security groups to assess risks specific to each transaction
•    Drafting and redlining contracts to ensure that MassMutual is adequately protected from risks by relying upon your skills to assess the impact of deviations from standards and engage internal stakeholders when required
•    Negotiating with suppliers to produce contracts that adhere to MassMutual contracting standards and meet business objectives.
•    Planning and executing negotiation strategy in a timely manner while adjusting to changing circumstances
•    Working closely with the larger Procurement team, and stakeholders as appropriate
•    Identifying inefficiencies in existing procedures, uncovering bottlenecks, and proposing innovative solutions to streamline contracting processes

The Minimum Qualifications
•    Bachelor's Degree / law graduate with contract experience
•    5-8+ years of experience in contract evaluation, drafting and redlining
•    Shift timing: 2:30 to 11:30PM

The Ideal Qualifications
•    Detail-oriented with a consistent track record of accuracy and precision
•    Outstanding written and verbal communication skills, with the ability to convey complex ideas clearly and effectively
•    Proven business insight coupled with sharp critical thinking
•    Highly organized with demonstrated time management and problem-solving capabilities
•    Experience in developing and executing strategic contracting and negotiation approaches for sophisticated commercial agreements
•    Proficient in collaborating with diverse procurement teams, including supplier relationship management and category strategy development

Why Join Us?
We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products, and services. To accomplish this, we celebrate an inclusive, vibrant, and diverse culture that encourages growth, openness, and opportunities for everyone. A career with MassMutual, Great Place to Work® certified and India's Best Workplaces in BFSI 2023 - Top 50 organization means you will be part of a strong, stable, and ethical business with industry leading pay and benefits. And your voice will always be heard.
Does this sound like a great fit? Apply today!

Skills Required

  • Bachelor's degree or law graduate with contract experience
  • 5-8+ years of experience in contract evaluation, drafting, and redlining
  • Experience drafting, redlining, and negotiating commercial contracts
  • Ability to engage cross-functional stakeholders (legal, compliance, data security, business)
  • Shift timing: 2:30 to 11:30PM
  • Detail-oriented with strong written and verbal communication skills
  • Proven business insight and critical thinking for contract strategy
  • Experience developing and executing strategic contracting and negotiation approaches
  • Experience collaborating with procurement teams, supplier relationship management, and category strategy

What the Team is Saying

Sriya
Ajitha
Manoj
Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
Hyderabad, Telangana
0 Employees
Year Founded: 2020

What We Do

With our world class Global Capability Centre (GCC) in the heart of Hyderabad, we at MassMutual are extending a nearly 170-year legacy of securing futures and protecting loved ones to Telangana, India in 2020. The Hyderabad GCC has been established to explore the global talent pool with an in-house team of experts in full-stack Development & Support, DevOps, Quality Assurance, Security & Cloud Engineering, Data Science and several other areas such as insurance, business, security, and operations. Living Mutual has always been at the core of MassMutual’s purpose. Since 1851, MassMutual’s mutual way of life has been reflected in its various initiatives, be it Social Responsibility, Corporate Governance, or Diversity & Inclusion. With the opening of our Hyderabad facility, you’ll not only get to work in our innovative, state-of-the-art Global Capability Centre, you’ll also be supported by colleagues in our global MassMutual community. Spread across 73000+ square feet facility on the 7th floor of BSR IT SEZ, the Global Capability Center in Hyderabad can house more than 600 employees. Located at the heart of Financial District, the facility boasts of work class infrastructure and amenities, enabled by state-of-the-art technology and security systems. In-house gymnasium / aerobics center, yoga room, indoor games room, mothers’ / wellness room, 200+ seater cafeteria, high-rise & lounge seating are some of the amenities available for the employees. The SEZ facility will also provide common creche and eat-out restaurants in the building premises, once operational. Join us now to collaborate with teams across the world on projects and initiatives that will contribute to the growth of MassMutual as a global financial services leader.

Why Work With Us

MassMutual is leading the financial services industry in digital enablement, and the new MassMutual India Global Capability Center is a result of this effort. We are here to empower careers and help people secure their futures through innovation and technology.

Gallery

Gallery
Gallery
Gallery
Gallery
Gallery
Gallery

MassMutual India Offices

OnSite Workspace

Typical time on-site: None
Company Office Image
Hyderabad, Telangana

Similar Jobs

MassMutual India Logo MassMutual India

Data Engineer

Big Data • Fintech • Information Technology • Insurance • Financial Services
In-Office
Hyderabad, Telangana, IND

MassMutual India Logo MassMutual India

Rpa Engineer

Big Data • Fintech • Information Technology • Insurance • Financial Services
In-Office
Hyderabad, Telangana, IND

MassMutual India Logo MassMutual India

Associate, Data

Big Data • Fintech • Information Technology • Insurance • Financial Services
In-Office
Hyderabad, Telangana, IND

MassMutual India Logo MassMutual India

Data Engineer

Big Data • Fintech • Information Technology • Insurance • Financial Services
In-Office
Hyderabad, Telangana, IND

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account