Procurement Associate

Posted 7 Days Ago
Be an Early Applicant
Mumbai, Maharashtra, IND
In-Office
Junior
Software • Financial Services
The Role
Support sourcing and procurement across assigned categories, run RFx events, evaluate suppliers, assist contract review/negotiations, and manage CLM administration (metadata, workflows, reporting, user support). Coordinate with stakeholders, ensure compliance, maintain contract records, and support process improvements.
Summary Generated by Built In
Reporting To:Director - Global Sourcing & Procurement

Shift:EMEA (1:30 pm - 10:30 pm IST) (India)
About Russell Investments, Mumbai: 

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 90-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is “Top 12 Ranked Consultant (2009-2024)” in P&I survey 2024 with $964 billion in assets under advisement (as of December 31, 2025) and $381.8 billion in assets under management (as of March 31, 2026) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.


Joining our Mumbai office means becoming part of a globally connected team where associates collaborate across functions, geographies, and time zones to support the work of a globally recognized asset management firm. Based in Goregaon (East), you will have the opportunity to work alongside colleagues around the world, contribute to meaningful initiatives, and build your career in a collaborative and inclusive environment. The Mumbai office operates with varying shifts to support collaboration across global time zones.


For more information, please visit https://www.russellinvestments.com.


Job Description:

We are looking for a Procurement Associate with a strong Sourcing/Procurement background who can also support Contract Lifecycle Management activities. The role will primarily focus on sourcing, procurement support, supplier coordination, RFx activities, contract support, and stakeholder engagement, while also assisting with CLM system administration, contract data management, reporting, and user support.

The expected role split is approximately 60% Procurement/Sourcing and 40% CLM Administration. This blended profile is based on the Procurement Associate and CLM Admin responsibilities shared in the attached document.

Key Responsibilities

Procurement & Sourcing

  • Support sourcing and procurement activities across assigned categories, preferably including IT, services, software, telecom, professional services, or business services.

  • Assist in preparing and running RFx events, supplier evaluation, pricing analysis, and recommendation summaries.

  • Support supplier selection, commercial discussions, contract review, and negotiation activities.

  • Conduct market research, benchmarking, spend analysis, and supplier analysis.

  • Coordinate with internal stakeholders, Legal, Finance, IT, and suppliers to support timely procurement execution.

  • Ensure compliance with procurement policies, approval processes, and sourcing guidelines.

  • Support supplier and contract management, including issue resolution and process improvement.

CLM Administration & Contract Operations

  • Support day-to-day use of the CLM platform, preferably Agiloft or a similar tool.

  • Maintain contract records, metadata, supplier details, key dates, approvals, and repository data.

  • Assist users with CLM workflows, contract requests, approvals, reporting, and basic system queries.

  • Support CLM reporting, including contract status, renewals, expiries, cycle time, and usage reports.

  • Help maintain process documentation, user guides, and training material.

  • Coordinate with internal teams and CLM vendor/support teams for issue resolution and enhancements.

Experience

  • 2–3 years of experience in procurement, sourcing, contract management, supplier management, or contract operations.

  • Experience in RFx support, supplier coordination, contract review, and procurement processes.

  • Exposure to CLM, S2P, P2P, spend analytics, or procurement workflow tools preferred.

  • Agiloft experience will be an added advantage, but not mandatory.

Qualifications

  • Bachelor’s degree preferred in Business, Supply Chain, Finance, Legal, or a related field.

  • Procurement certification such as CPSM, CIPS, CPM, or equivalent is preferred but not mandatory.

Required Skills

  • Good understanding of sourcing, procurement, supplier management, and contract processes.

  • Strong analytical, communication, coordination, and stakeholder management skills.

  • Attention to detail, especially in contract data, workflows, and compliance requirements.

  • Ability to manage multiple priorities and work with cross-functional teams.

  • Proficiency in Microsoft Excel, Word, and PowerPoint.

  • Working knowledge of CLM, P2P, S2P, or procurement systems preferred.

Skills Required

  • 2-3 years of experience in procurement, sourcing, contract management, supplier management, or contract operations
  • Experience in RFx support, supplier coordination, contract review, and procurement processes
  • Proficiency in Microsoft Excel, Word, and PowerPoint
  • Good understanding of sourcing, procurement, supplier management, and contract processes
  • Strong analytical, communication, coordination, and stakeholder management skills
  • Attention to detail in contract data, workflows, and compliance requirements
  • Ability to manage multiple priorities and work with cross-functional teams
  • Working knowledge or exposure to CLM, P2P, S2P, or procurement systems
  • Experience with Agiloft or similar CLM platforms
  • Bachelor's degree in Business, Supply Chain, Finance, Legal, or related field
  • Procurement certification such as CPSM, CIPS, CPM, or equivalent

Russell Investments Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Russell Investments and has not been reviewed or approved by Russell Investments.

  • Leave & Time Off Breadth Time off starts at 20 days of vacation in year one (rising to 25 after four years) plus 10 paid holidays and nine sick days, which provides substantial leave coverage. Backup childcare and other leave supports add practical flexibility for life events.
  • Retirement Support A 401(k) company match up to 5% of eligible base salary, alongside access to select Russell Investments funds, offers a meaningful foundation for long‑term savings. This structure provides clear, predictable retirement support.
  • Wellbeing & Lifestyle Benefits Comprehensive medical coverage, employer HSA contributions, a Lifestyle Spending Account, and Modern Health access (10 counseling and 10 coaching sessions per year) strengthen overall wellbeing. These elements enhance total‑compensation value beyond base pay.

Russell Investments Insights

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The Company
HQ: Seattle, WA
1,951 Employees

What We Do

Russell Investments is a leading outsourced CIO (OCIO) partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including London, New York, Toronto, Sydney, Tokyo, and Shanghai.

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