The Role
Manage indirect procurement: identify and negotiate with suppliers, consolidate ad-hoc purchases into strategic arrangements, build procurement processes, ensure compliance with anti-corruption rules, facilitate supplier adherence to systems, analyze spend and savings, and partner with internal teams as an individual contributor reporting to finance and global procurement.
Summary Generated by Built In
Procurement Manager
Role
Requisites
Qualifications
Commerce Graduate - specialization in Procurement shall be an added advantage
Experience
Years Preferably 6 - 10 years, primarily in indirect procurement
Industry : - Preferably Service industry, MNC background, however open to look at good candidates from diverse background
Reporting
Morningstar is an equal opportunity employer.
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity
Role
- Work closely with various G&A other service procuring teams to understand their procurement needs
- Develop structure around procurement decisions, ensure mechanisms to provide for transparency in the function like Supplier short list criterions, suppliers short lists, decision matrix for procurement decisions
- Identify suppliers for specific procurement, negotiate and present the cases of best suppliers to the end users and authorized approvers
- Consolidate various ad-hoc procurements into a few comprehensive arrangements - one stop supplier arrangements
- Reduce advance payment requirements through sustained supplier relationships
- Facilitate suppliers to adhere to Morningstar process and systems on procurement and payments
- Build mechanisms to ensure all anti-corruption laws are followed by all stakeholders - internal and external, in letter and spirit
- The position currently is an individual contributor position
Requisites
- Experience of procurement in indirect procurement for 6 - 10 years
- Demonstrated ability in Supplier selection, development and negotiation
- Should be able to gain insights into the domains of requesting functions and appreciate operating nuances to optimally serve as a support function
- Is able to build create great partnerships with various requesting teams
- Ability to build processes and structure around procurement activities
- Strong negotiation skills, while maintaining quality as well as fairness to all stakeholders
- Integrity is of utmost importance in the role - the role needs to stay above all doubts, by provision of maximum transparency and staying away from conflict of interests
- Ability to bring in out of box solutions
- Understands priorities while not losing long term view
- Pursues results rather than just processes
- Reasonable communications skills, especially on emails
- Prior experience on procurement systems like Coupa etc preferable. Alternative experience with ERPs involving workflows can be considered
- Strong analytical skills with experience in analyzing spend, tracking savings, and analyzing contract compliance. Proficiency in Excel strongly preferred (in some cases, analyzing large data sets using functions like VLOOKUP, PivotTables, and similar)Experience with sourcing activities including preparing, issuing and analyzing Requests for Proposals (RFPs) and evaluating supplier risk and opportunities
- The role is currently an individual contributor role
Qualifications
Commerce Graduate - specialization in Procurement shall be an added advantage
Experience
Years Preferably 6 - 10 years, primarily in indirect procurement
Industry : - Preferably Service industry, MNC background, however open to look at good candidates from diverse background
Reporting
- The position shall report locally to Director Finance - India, while reporting functionally into the global procurement team.
Morningstar is an equal opportunity employer.
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity
Skills Required
- 6-10 years experience in indirect procurement
- Supplier selection, development and negotiation experience
- Ability to build procurement processes and decision frameworks
- Experience consolidating ad-hoc procurement into comprehensive supplier arrangements
- Ability to reduce advance payment requirements through supplier relationship management
- Ensure supplier adherence to procurement and payment processes and systems
- Implement anti-corruption controls and maintain transparency to avoid conflicts of interest
- Strong analytical skills: spend analysis, tracking savings, contract compliance
- Experience with sourcing activities: preparing, issuing and analyzing RFPs, evaluating supplier risk/opportunity
- Strong negotiation skills while maintaining quality and fairness
- Reasonable communication skills, especially email communication
- Prior experience on procurement systems like Coupa or ERPs with workflows
- Proficiency in Excel (VLOOKUP, PivotTables)
- Commerce graduate; procurement specialization is an advantage
- Experience in service industry or MNC background preferred
What the Team is Saying
Anna
Team Lead of Software Engineering
Upasna
Software Engineer, Data Collections - AI R&D
Saurabh
Senior Software Engineer
Wendell
Head of Sales, Institutional Equity Research
Raaghavendar
Associate Software Engineer
Jeff
Head of Technology and Product
Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — A recurring paid sabbatical combined with flexible time off in North America and regionally set PTO provides substantial time-away flexibility. Paid volunteer days further broaden the time-off offering.
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Parental & Family Support — A global minimum of paid parental leave for primary and secondary caregivers, along with paid caregiving leave, signals strong family support. Adoption-assistance reimbursement adds another layer of care for growing families.
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Retirement Support — Retirement programs include employer matching or fixed contributions and free access to Morningstar retirement-planning tools. These elements support long-term savings alongside the broader total-rewards package.
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The Company
What We Do
At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries.
Why Work With Us
Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020, we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!
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Morningstar Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
3 days a week
