Loading
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Job Description: Buyer
Principal Responsibilities:
Responsible for Procurement Operations, from purchase to pay cycle. Experience in Purchase Order/Contract processing, data analysis, catalog management & exposure to vendor payment processing
Supports multiple or complex purchases that range in size, complexity and contract duration. Determines appropriate contract form and develops supplementary contract language for various services agreements.
Works closely with the Legal Department, Finance, IT and Global Procurement to refine and/or define, communicate and apply standard processes and terminology to be used when executing contracts.
Ensures corporate and legal guidelines are followed. Understands and applies various country i.e.; India, Singapore, Japan, China, Hong Kong, Australia, NA and EMEA legal provisions, and cost drivers of each contract, and forecasts what actions will impact each from a financial perspective, technical and cultural area.
Creates, negotiates and incorporates contract amendments, renegotiating the contract, if required, to accommodate scope changes or changes in organization requirements.
Supports in implementing Category Strategy & related operations management leveraging Total Cost of Ownership (TOC) models to identify improvement opportunities.
Ensure best practice in purchasing techniques are in place at all times, performing and running RFX(RFI,RFQ,RFP) and eAuction process in Coupa.
Exposure to ERP tools : Coupa, Oracle PeopleSoft or others: Including all modules of procure to pay cycle, from Vendor setup to payment process.
Responsible & accountable to ensure complete & accurate entry & updating of all transaction data & documents across PR, PO, Contract repository at all points of time.
Review vendor payment mismatch issues with AP. Resolve to ensure Vendor payments are made on time as per Contract / PO terms, liaise with Accounts payable & business requesters for smooth process.
Experience: Minimum of 3+ years’ experience
Qualification: Graduate in Engineering, Science or Commerce, Business domain from a reputed University. MBA would be an added advantage.
Role Skills:
Exposure to Implementation of effective Procurement Techniques
Proven skills in analysis, problem solving and coordination. Possesses strong Data Analysis & reporting skills.
Exposure to Customs and local purchase tax structures
Process compliance related skills and audit awareness
Possess excellent communication both verbal and written, presentation skills
Deep understanding of Enterprise Resource Planning (ERP), eAuction and other Procurement tools
Tools:
MS Tools: Excel, Power Point, Word, Visio & SharePoint
Exposure to ERP Systems, Coupa, Oracle PeopleSoft or SAP
E-tools: Contract management tools, eAuction
SHIFT TIMINGS: 1:30PM to 10:30PM IST
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
About Our Bangalore Office
The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.