- Strong sourcing and procurement expertise
- Sound knowledge of GST
- Market intelligence (vendors, pricing, industry trends)
- Contract management knowledge:
- Rate types (fixed/basic)
- Termination clauses
- Force majeure
- Milestones & LD clauses
- Rate types (fixed/basic)
- Understanding of:
- Software application procurement
- IT staff augmentation (T&M model)
- Software application procurement
- Experience in D365 Procurement Module
Application development is a critical spend area across NPCI – G, core NPCI, and subsidiaries. The associated RFP processes are complex, time-intensive, and require extensive coordination with internal and external stakeholders.
This role supports procurement across multiple application verticals, including:
- Fixed-scope engagements
- IT resource augmentation (T&M engagements)
Due to the complexity of multi-vendor and multi-stakeholder environments, this position is essential to strengthen the team’s procurement operations and ensure timely execution.
Requirements
A. Procurement Operations (40%)
- Review and perform due diligence of Procurement Requests (PRs)
- Collaborate with project managers to define scope and engagement terms
- Drive RFPs/enquiries and manage the quotation process
- Conduct pre-bid meetings and preparations
- Validate vendor offers (eligibility, technical compliance)
- Perform commercial evaluations and ensure price bench marking
- Facilitate price discovery via PDC or Reverse Auction (RA)
- Ensure financial approvals and documentation
- Drive pre-PO audit closures
- Coordinate contract finalization with Legal and other departments
- Ensure PO issuance aligned with approved policies and terms
- Ensure compliance with IT procurement policies
- Address audit queries (target: zero open audit issues)
- Ensure timely PDC agenda clearances
- Track and report process deviations monthly
- PRs < ₹50 Lakhs: Closure within 20 days
- PRs ₹50 Lakhs – ₹1 Crore: Closure within 30 days
- PRs > ₹1 Crore: Closure within 45 days
- Share weekly pendency reports with stakeholders
- Maintain and track vendor follow-ups for pending POs
- Act as SPOC for vendors, ensuring minimal escalations
- Partner with user departments and provide regular updates
- Understanding and interpreting technical requirements
- Ensuring clarity for timely decision-making and execution
- All decisions within approved procurement policies and delegation of authority
- As per procurement practices and delegation of financial powers
Skills Required
- 1 to 5 years of experience
- BE, BTech, BSc IT, MCA, or MBA qualification
- Strong sourcing and procurement expertise
- Knowledge of GST
- Market intelligence covering vendors, pricing, and industry trends
- Contract management knowledge, including rate types, termination clauses, force majeure, milestones, and LD clauses
- Understanding of software application procurement
- Understanding of IT staff augmentation using a time-and-materials model
- Experience with the Microsoft Dynamics 365 Procurement Module
What We Do
NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & Services Unified Payments Interface Unique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address' as a payment identifier for sending & collecting money & works on single click 2 factor authentication. Immediate Payment Service A 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India. RuPay Robust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs. *99# USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing House Centralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment System Bank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYC Electronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation System Electronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial Switch Facilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity
