Procurement Finance Executive ( 0 – 2 Years) Full Time

Responsible for overseeing the financial aspects of procurement, including validating and approving POs based on budgets, raising PFRs for fund allocation, and ensuring accurate and timely payments. Monitors project-wise expenses, tracks budget vs actual spend, and enforces financial control to prevent cost overruns and ensure efficient utilization of funds across all procurement activities.

Responsibilities

• Review and approve Purchase Orders (POs) based on budget availability and financial justification
• Raise and manage PFR (Payment Fund Requests) for timely fund allocation
• Track and monitor project-wise monthly procurement expenses
• Compare budget vs actual spend and flag cost overruns early
• Validate invoices against PO, GRN, and agreed pricing before payment
• Coordinate with finance for timely and accurate vendor payments
• Ensure proper fund utilization and avoid excess or idle fund blocking
• Maintain financial records and documentation for audits and compliance
• Prepare reports: project-wise expenses, fund utilization, and cost analysis
• Support cost control and identify opportunities to reduce procurement spend
• Work closely with procurement teams to ensure financial discipline

Skills Required

• Financial analysis & cost control
• Budget tracking & project-wise expense management
• PO validation & PFR handling
• Strong Excel & ERP skills
• Attention to detail & accuracy
• Vendor payment coordination
• Analytical thinking & problem-solving
• Cross-functional coordination (Procurement & Finance)
• Good understanding of budgeting and cost tracking

Qualifications

Bachelor’s degree in Finance, Accounting, Commerce, or Supply Chain

Additional Qualification

• Budgeting, PFR handling & cost tracking knowledge

Experience: 0 – 2 Years

Location : Technopark, Thiruvananthapuram

Skills: budgeting,excel,pfr,erp