Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview*

The GBS/F&EO was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. Global TI Procurement is a part of the overall F&EO organization within GBS Enterprise function and is responsible for the management and oversight of the Third Party (TP) Program at Bank of America. Global Procurement organization is responsible for sourcing, global purchasing, category procurement strategies, operations, and the establishment of a third-party oversight and governance framework for Bank of America.

TI Procurement process provides Procurement, Invoicing & Reporting support to the Technology Infrastructure (TI) group for all technology related products globally. These services are procured as per the Bank's standard and Expense policy wherein forecasting, capitalization of assets are being recorded. It involves working with lines of business, suppliers, and Supply Chain Management to understand their business & procurement need and accordingly execute by following the Payment compliance model.

Job Description*

The process involves working with the Business Partners & vendors and assisting in their Purchases by creating & Managing Requisitions in GEP, processing all kind of invoices on different platforms. This includes receiving Vendor quotes, interacting with Business Partners, understand their requirements, create Purchase requisitions & Invoice processing within the compliance and follow policies. The objective is to ensure purchases are done as per the business requirements & well on time. These Orders could be for capital expense or/and Consumable goods, hence knowledge of different type of purchasing is mandate. Candidate should be aware of GEP which is used as platform for purchase order and invoice submission & how to manage Forecasting for business basis their budget.

Responsibilities*

1. Must be aware of purchasing methodology in GEP, Assets Capitalization, concept of general ledger categorization and various types of POs.

2. The role involves creation of POs and validation of vendor invoices with the purchase order and clear the exceptions basis the stipulated guidelines

3. Business Analytics Skills

4. Provide daily/weekly/monthly status to Line of Business on all type of orders

5. High level skills for process reporting, excellent knowledge of Excel and PowerPoint

6. Be vigilant of the Forecasted VS. Actual performance

7. Excelling verbal & written communication skills

8. Domain knowledge of GEP & E2E cycle of all types of invoicing

9. Ability to react well under pressure and treat others with respect.

10. Should be able to accelerate in PPT, Advance Excels & SP

Requirements*

Education*

 Bachelor’s degree

Certifications If Any

Any certification on Procurement, Procurement applications e.g. GEP, GEP, Oracle, SAP, Risk and Compliance, Tableau will be an added advantage

Experience Range*

2-4 Years

Foundational skills*

Knowledge of Global Procurement/Source to Pay

Good communication and presentation skills

Knowledge of Risk and Compliance

Knowledge of all type of invoice models in the bank

Business Analytics Skills

High level skills for process reporting, excellent knowledge of Excel, PowerPoint & SharePoint

Desired skills

• Team management skills including coaching and motivating team

• Strong collaboration and communication skills (verbal and written)

• Knowledge of Share Point, MS Office, SharePoint, Tableau

• Ability to understand Vendor contracts, end to end SCM Model in the Bank

• Strong focus on accuracy, timeliness and quality of work performed

• Proactive communication with regards to any issues

• Strong MS Excel/Reporting and PowerPoint skills

• Outstanding communication skills & open to working in different as per the business requirement (Sat/Sun Off)

Work Timings*

11:30 AM to 8:30 PM (IST), 5:30 PM – 2:30 AM IST, Flexible to work in different shifts per business requirement

Job Location*

Gurugram