Procurement Finance Executive ( 0 - 2 Years)

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

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Get Hired
• Cross-functional coordination (Procurement & Finance)
• Good understanding of budgeting and cost tracking
  

Qualifications
Bachelors 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