Associate Debt Manager - Flows - Consumer Durable

IDFC FIRST Bank · Greater Lucknow Area

  • Experience3–5 yrs
  • SalaryNot disclosed
  • Work modeonsite
  • Posted24 Sept 2026
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About IDFC FIRST Bank

IDFC FIRST Bank is hiring in Greater Lucknow Area in financial services. This role looks for around 3+ years of experience.

Skills

  • vendor management
  • contract management
  • budget control
  • SAP
  • Oracle
  • vendor management platforms
  • compliance and regulatory requirements

The role

A vendor management specialist at a financial services company manages supplier relationships, contract management, and budget control while monitoring compliance and costs across service operations. The role applies SAP, Oracle, and vendor management platforms to track expenditures, assess performance, and identify savings.

Full job description

Job Requirements

About the Role

A Vendor Management & Budget Control Specialist within the Customer Service department based in Airoli , you will be responsible for managing external suppliers and service providers while ensuring financial discipline across multiple service units, including the CDC, GRD, Email Teams, and Loan Centres . This role involves overseeing the entire vendor lifecycle and business budget control processes—ranging from supplier selection and performance monitoring to relationship management, cost optimization, expense tracking, and internal financial reporting.

Key Responsibilities

Vendor Management :

Identify, evaluate, and onboard vendors in alignment with business needs.

Negotiate contracts, pricing, and service level agreements (SLAs).

Monitor vendor performance and ensure adherence to quality and compliance standards.

Maintain strong vendor relationships and act as the primary point of contact.

Conduct regular vendor audits and risk assessments.

Budget Monitoring & Control :

Collaborate with finance and operations teams to develop and manage budgets.

Track expenditures and ensure alignment with approved budgets

Analyse cost variances and recommend corrective actions

Tracking of monthly, quarterly, and annual budget

Identify opportunities for cost savings and process improvements

What We Are Looking For

Education

Graduation: Bachelor’s degree in finance, Business Administration, or a related fieldStrong negotiation and contract management skillsProficiency in budgeting tools and ERP systems (e.g., SAP, Oracle)

Experience

3–5 years of experience in vendor management, procurement, or financial budgeting & planning

Skills and Attributes

Experience with vendor management platformsKnowledge of compliance and regulatory requirementsAbility to work cross-functionally in a fast-paced environment

Key Success Metrics

Adherence to contract renewal and regulatory requirementsBudget variance, cost per seat and employee, preparing increasing and decreasing trend report.