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