Purchase Analyst

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What we offer:
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Electronics, and we do it by creating world-class Electronic systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex Electronic systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Electronics.
Job Responsibilities:
Major Responsibilities

• Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs
• Sound Knowledge on Purchasing Process for indirect materials (Local & Imports) and services
• Experience in CAPEX Purchasing
• Vendor identification & development process
• Expertise & knowledge on Cost analysis at item and service levels
• Negotiation skills and techniques to drive materials cost reduction
• Technical know-how on products/commodities processes
• Good Exposure to supply base in India
• Experience in Corporate [incl Admin, Facility] & IT purchasing
• Ensure compliance with industry standards, quality requirements, and regulatory guidelines
• Experience in managing MSAs, NDAs, supplier agreements, purchase orders, and service contracts to support procurement objectives
• Negotiation skills to secure favorable terms and conditions that align with company policies and goals
• Coordination with multiple stakeholders including Legal team.

Desired Skills

• Proven ability to work in Global Purchasing Environment
• Fluent English, other Regional/International Languages added advantage
• Familiar with ERP tools such as SAP / COUPA etc.
• Strong commercial acumen
• Strong knowledge on MS Office (MS excel, MS Power Point)
• Supporting Engineering team as well as vendor by playing a key role in getting the vendors understanding our requirements.
• Demonstrated willingness and enthusiasm to step up into a leadership role within 1-3 years
• Lead the implementation of standardized processes, drive continuous improvement initiatives, and manage report generation and MIS activities to support informed decision-making

What You'll Do

• Validate volume PRs for completeness, approvals, and budget alignment.
• Convert approved PRs into POs and ensure correct vendor, price, and delivery terms.
• Supplier onboarding via ERP tool
• Coordinate with the supplier/ finance/accounting team for PO and invoice matching (2-way match).
• Maintain and update vendor master data regularly. Resolve vendor queries related to payments, PO status, and documentation.
• Create RFx in the Sourcing tool- invite bids- shortlist suppliers -analyze the response and take a lead in closing the Sourcing event
• Work with Finance, Accounts Payable, and Legal for approvals and payments.
• Manage the professional services SOW/CO engagement -
• Help User/supplier conduct a training/guidance session on the procurement process

Knowledge and Education

• Bachelor's degree in accounting/finance/science/ along with an BE/MBA in Supply Chain Management
• 6 - 9 years of experience in the Procurement domain
• Proficiency in MS Excel and familiarity with any Procurement ERP SAP/Coupa.
• Effective written and verbal communication skills
• High attention to detail and accuracy in data entry
• Strong problem-solving and analytical skills
• Willingness to continuously learn, upgrade skills, and stay relevant to business demands

Awareness, Unity, Empowerment:
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
Worker Type:
Regular / Permanent
Group:
Magna Electronics