Senior Procurement Analyst (Procure to Pay, Sourcing)

At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

What is the Senior Procurement Analyst responsible for?

• Reporting to the Manager within Enterprise Vendor Management Operations, the Senior Procurement Analyst plays a key role in fulfilling requests for goods/services from third party providers, facilitates the sourcing process by preparing and executing sourcing events, drafts/reviews contracts and administers the contract database, implements supplier catalogs and manages vendor relationships.

What are the ongoing responsibilities of the Senior Procurement Analyst?

• Collaborate with Business Partners to drive value for the business, while maintaining high quality service standards

• Analyze key procurement data and create metrics in order to report results to Senior Management to be used in business plan and strategy development.

• Manages and leverages vendor relationships to optimize procurement activity and contain cost.

• Strong working knowledge of Coupa or similar Procure to Pay system.

• Provide education, training, and support to internal clients on contracting, requisition processes, appropriate approvals, and use of procurement systems.

• Resolve material quality problems at the time of receipt via exchanges, accept as is, or return to vendor. Research and resolve receiving issues reported.

• Drives suppliers to adopt the self-service capability of the Procure to Pay application including registering to receive PO’s electronically and submit invoices electronically.

• Reviews and processes purchase requests, purchase orders and purchase order change requests for all the types of categories like Facilities, HR, IT – Hardware and Software, Marketing, Tax and advisory services.

• Reviews and resolves invoice exceptions where invoices do not reconcile to PO’s/

• Leads Request for Information (RFI), Request for Proposal (RFP) or Request for Quote (RFQ) including negotiations.

• Performs contract administrative duties for ongoing contracts

• Support programs within the Enterprise Vendor Management team to improve customer experience, increase automation, and enhance speed to market.

• Enforces enterprise vendor management global policies and procedures.

• Analyzes spend to identify opportunities to implement new catalogs automating the order process and maintains existing catalogs to ensure product availability and standards are being met.

What ideal qualifications, skills & experience would help someone to be successful?

• Bachelor’s / master’s degree in accounting, finance or related field, or equivalent combination of education and work experience

• 5+ years’ procurement industry experience and/or financial services industry experience

• Excellent English communication skills – both written and verbal

• Solid knowledge of Microsoft Office (MS-Advance Excel with macros & PowerPoint Presentations skills) , SharePoint

• Demonstrated ability to complete projects independently and as part of a team

• Works independently, receives minimal guidance;

• Solves complex problems; takes a new perspective using existing solutions;

• May lead small projects with manageable risks and resource requirements;

• Holding good knowledge on contract life cycle management is a plus.

• Results driven with attention to detail and the ability to move quickly while staying organized

• Very strong research, problem solving, and communication skills (verbal and written)

Additional Desirable Qualifications: 

• Understanding business concepts, Procurement, finance & accounting principles, budgeting, reconciliation.

• Experience with Procurement systems (Coupa, Ariba) a plus.

Job Level - Individual Contributor

Work Shift Timings - 2:00 PM – 11:00 PM IST