Executive - Procurement Compliance

About the Role

Coats, a global leader renowned for producing threads and structural components for apparel and footwear, seeks an Executive in Procurement Compliance based in Madurai, Tamil Nadu. The company is distinguished by over 250 years of heritage and commitment to innovation, sustainability, and safety, serving customers across 50 countries with a workforce exceeding 17,000.

Key Responsibilities

• Oversee and examine Procure-to-Pay (P2P) transactions to ensure they meet internal procurement policies, ethical practices, and regulatory compliance.
• Create and update internal audit checklists, conducting routine system and process audits within Procurement operations.
• Identify compliance breaches, document findings, and facilitate corrective and preventive measures.
• Compile and present audit reports, findings, and management summary dashboards.
• Assist with the implementation and continuous refinement of Procurement policies, standard operating procedures, and control checklists, ensuring they remain current and uniformly applied.
• Share industry best practices and advise teams on compliance mandates.
• Recognize control deficiencies and propose enhancements to processes.
• Deliver compliance training and awareness sessions; serve as the primary contact for Procurement compliance inquiries.
• Coordinate and support audits including global internal audits and controllership reviews.
• Analyze transactional P2P data to assess the effectiveness of controls and develop performance dashboards and reports.
• Collaborate with departments such as Finance, Legal, Audit, and global transactional teams for seamless compliance management.

Qualifications and Experience

• A Bachelor's degree in any field is mandatory.
• A minimum of five years' professional experience related to Procurement, Audit, or Compliance functions.
• Practical knowledge of SAP, familiarity with P2P processes, and audit frameworks.
• Preferred qualifications include in-depth understanding of P2P processes, sharp analytical and auditing skills, strong communication and stakeholder engagement capabilities, knowledge of applicable laws and standards, and proficiency with MS Excel, PowerPoint, and Power BI.

About Coats Group

Coats embraces innovation, excellence, and a diverse collaborative environment that fosters growth. This opportunity awaits motivated individuals passionate about impacting the textile industry and aiming to contribute to a global leader with a dynamic heritage and progressive vision.

Job Purpose

• Contribute to creating, executing, and maintaining Procurement policies and compliance standards encompassing all P2P functions.
• Support the Procurement Compliance Champion in analyzing data, performing internal audits, and driving ongoing improvements to ensure compliance with internal controls, ethics, and regulations.