Procurement Analyst, Staff at TBC Corporation Midas

Hyderabad, Telangana, India -

Full Time

Start Date

Immediate

Expiry Date

07 Aug, 26

Salary

0.0

Posted On

09 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Vendor Management, Commercial Negotiations, Purchase Order Governance, Spend Analysis, Procurement Operations, Stakeholder Management, MS Excel, ERP Systems, Contract Management, SLA Monitoring, Cost Optimization, Process Improvement

Industry

Logistics;Transportation;Supply Chain and Storage

Description

Lyric is an AI-first, platform-based healthcare technology company, committed to simplifying the business of care by preventing inaccurate payments and reducing overall waste in the healthcare ecosystem, enabling more efficient use of resources to reduce the cost of care for payers, providers, and patients. Lyric, formerly ClaimsXten, is a market leader with 35 years of pre-pay editing expertise, dedicated teams, and top technology. Lyric is proud to be recognized as 2025 Best in KLAS for Pre-Payment Accuracy and Integrity and is HI-TRUST and SOC2 certified, and a recipient of the 2025 CandE Award for Candidate Experience. Interested in shaping the future of healthcare with AI? Explore opportunities at lyric.ai/careers and drive innovation with #YouToThePowerOfAI. The Procurement Analyst owns and drives end-to-end procurement operations across the organization. This role is accountable for vendor management, commercial negotiations, purchase order governance, invoice and payment closures, stakeholder alignment, and procurement reporting. The incumbent will ensure cost efficiency, compliance, and timely execution while continuously improving procurement processes. ESSENTIAL JOB RESPONSIBILITIES & KEY PERFORMANCE OUTCOMES Own and lead end-to-end procurement operations, from requisition intake to PO and payment closure Drive vendor negotiations and commercial discussions to achieve optimal cost, quality and service outcomes Lead PO governance, ensuring accuracy, budget alignment and compliance with Lyric policies Oversee invoice submission, validation, approval follow-ups, and closures in coordination with Finance teams Act as the primary point of contact for vendor management, onboarding, compliance, and issue resolution Maintain and govern procurement trackers, ensuring real-time visibility of POs, invoices, payments, and closures Proactively manage stakeholder follow-ups, approvals and escalations to avoid delays Analyze spend data, identify cost optimization opportunities and support savings initiatives Coordinate with HR, Legal, Finance, IT, Facilities, and Operations to ensure seamless procurement execution Ensure timely contract renewals, amendments, and documentation Monitor and improve vendor performance and SLA adherence Prepare and present procurement MIS, dashboards, and leadership reports Support month-end and year-end closures, audits, and compliance reviews Drive process improvements, SOP adherence and automation initiatives REQUIRED QUALIFICATIONS Bachelor’s degree in business administration, Finance, Supply Chain, or related field Minimum of five (5) years of progressive experience in procurement, sourcing, and purchasing operations Strong expertise in vendor negotiations, PO governance, invoicing, and closures Proven ability to own procurement delivery end-to-end in a corporate environment Advanced proficiency in MS Excel and reporting Experience with ERP / procurement systems such as SAP, Oracle, Coupa, Net Suite, or similar Strong stakeholder management, communication and escalation-handling skills High attention to detail with a structured, process-driven approach PREFERRED QUALIFICATIONS Experience in a global corporate or technology-driven organization Ability to operate in a fast paced environment. Strong analytical and problem-solving mindset Continuous improvement and automation orientation Our ambition is to be an AI-first platform sitting at the intersection of healthcare and fintech, providing simplified consumer and patient solutions to plans and providers in the wake of value-based care while continuously identifying the unmet needs of customers

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Responsibilities

The Procurement Analyst manages end-to-end procurement operations, including vendor negotiations, PO governance, and invoice closures. They are responsible for ensuring cost efficiency, compliance, and seamless coordination across various internal departments.