Contract Cell || Jindal Steel Angul

Position Title: Buyer Contract Cell (Commercial Service Contracts)

Grade / Designation Level: Deputy Manager to Manager

Experience: 1. 3-5 years for Civil 2. 5-10 Years for Mech/Elect

Educational Qualification: 1. B.Tech (Civil) 2. B.Tech (Mechanical / Electrical)

Position Summary

The Commercial Buyer in the Service Contract Cell manages the end-to-end procurement process for

operational, technical, and commercial service contracts. This role ensures timely onboarding of

reliable service providers, optimal cost management through thorough financial and technical

evaluations, and seamless alignment between internal user departments and external vendors.

Key Responsibilities & Core Functions

• Sourcing & RFP Management: Draft RFQs/RFIs based on scope of work (SOW) received from internal teams, float tenders, invite competitive technical/commercial bids, and coordinate pre-bid queries.

• Commercial Negotiation: Conduct multi-round technical and commercial negotiations with

prospective vendors to secure competitive pricing, optimal payment terms, SLAs, and risk-mitigated contract clauses.

• Documentation & Approval Workflow: Making comparative statements, perform price discovery, draft Note for Approvals (NFAs) for management review, and issue formalized Work Orders (WOs).

• Cost & Financial Analysis: Conduct internal cost benchmarking, should-cost modeling, and

zero-based budgeting to evaluate proposal fairness against market trends and historical spend data.

• Supplier Performance & Data Analytics: Track supplier performance metrics, analyze compliance against agreed Key Performance Indicators (KPIs), and evaluate service provider

renewal/continuation criteria.

• Vendor Onboarding & Strategic Development: Identify new potential service providers, manage supplier registration, perform due diligence (financial health, statutory compliance,

technical capability), and build a resilient vendor database.

Required Competencies & Skills

Skill Area Expected Competencies

Negotiation & Commercial Acumen

Strategic bargaining, contract structuring, risk assessment, cost-

driver identification, and contract law awareness.

Data Analysis & ExcelProficiency

Advanced MS Excel skills (pivot tables, complex formulas, data

dashboards), cost modeling, and variance analysis.

Technical & Domain Expertise Ability to interpret electrical/mechanical scope specifications,and SLAs.

Communication &Relationship Management

Clear verbal and written articulation, assertive vendor handling,

and effective cross-departmental coordination.

Key Performance Indicators (KPIs)

• Cost savings achieved through negotiation and internal cost benchmark analysis.

• Procurement cycle time (floating inquiry to Work Order release).

• Contract compliance, SLA adherence, and statutory risk mitigation.

• Quality of vendor onboarding and continuous performance ratings.