Financial Analyst, Cost management

lseg; Bengaluru; On-site; INR 900,000 - 1,300,000; Full time

Job summary

London Stock Exchange Group (LSEG) in Bengaluru, India seeks a Financial Analyst to support the Vendor Management team, ensuring value and quality delivery from strategic tech vendors and MSPs. You will own end-to-end billing processes, including PO creation, budget management, and invoice reconciliation, while tracking performance against budgets and SLAs.

As part of a dynamic team, you will prepare budgets, manage invoices, and generate service reports.

Responsibilities

• Assist Senior members in preparation of MSP annual budget and spend forecast
• Raise, amend and receipting of purchase orders for Tech service providers
• Verify all invoices ensuring charges are valid & relevant to the contract / Work Order
• Dispute and query management for any challenges to invoiced charges
• Detailed review of supporting data provided by the MSP
• Develop summarized service reports from information provided by suppliers
• Track invoices for compliance for timely receipting, to the right Purchase / Work order
• Run / acquire AP transactions / cost reports to track all actual spend against the vendors & study the transactions for any ineligible transactions or anomalies.
• Track actuals vs forecasts to enable accurate run rate reporting & provide reporting on financial performance of the contracted services.
• Maintenance of vendor specific trackers & reporting as scheduled and support any ad-hoc reporting needs
• Responsible for handling variety of Technology Finance activity of one / more of suppliers or assigned contracts.
• Proficient in formulating and interpreting Financial, MIS reports & other statements with a view to inform management of the business operations and potential decision making
• Assist other colleagues in day to day tracking of events both financial & obligatory tasks for effective management of vendor relationship.
• Be an outstanding teammate by backing other members' activities of the team when necessary
• Identify & chip in to any cost avoidance / cost saving opportunities
• Actively participate in any cross functional projects within & outside the VM function as needed.

Job description

Role Overview

The Financial Analyst role supports wider Vendor Management team in ensuring value and quality delivery for Refinitiv/ LSEG from key strategic vendors, Managed Service providers & technology service providers through effective engagement and consistent processes.

The role ensures all technology vendors that are supported by the team, provide invoices regularly & accurately, and aligned with agreed contracts and clauses thereof, project plans and work orders. The role is accountable for the end to end billing process, including PO creation, budget management, reconciliation of all billable charges, dispute management, and the timely payment of invoices. This role will also comply updating all team trackers & any other ad-hoc tasks assigned by the management from time to time

In addition to this, the person tracks financial metrics that measure the performance of Refinitiv/ LSEG's Engineering service providers against budget and SLA's. This person will also perform ad-hoc tasks & analysis where necessary or as assigned by management.

Key accountabilities

• Assist Senior members in preparation of MSP annual budget and spend forecast
• Raise, amend and receipting of purchase orders for Tech service providers
• Verify all invoices ensuring charges are valid & relevant to the contract / Work Order
• Dispute and query management for any challenges to invoiced charges
• Detailed review of supporting data provided by the MSP
• Develop summarized service reports from information provided by suppliers
• Track invoices for compliance for timely receipting, to the right Purchase / Work order
• Run / acquire AP transactions / cost reports to track all actual spend against the vendors & study the transactions for any ineligible transactions or anomalies.
• Track actuals vs forecasts to enable accurate run rate reporting & provide reporting on financial performance of the contracted services.
• Maintenance of vendor specific trackers & reporting as scheduled and support any ad-hoc reporting needs
• Responsible for handling variety of Technology Finance activity of one / more of suppliers or assigned contracts.
• Proficient in formulating and interpreting Financial, MIS reports & other statements with a view to inform management of the business operations and potential decision making
• Assist other colleagues in day to day tracking of events both financial & obligatory tasks for effective management of vendor relationship.
• Be an outstanding teammate by backing other members' activities of the team when necessary
• Identify & chip in to any cost avoidance / cost saving opportunities
• Actively participate in any cross functional projects within & outside the VM function as needed.

Proud to share LSEG in the India is Great Place to Work certified (Jun '25 - Jun '26).

Learn more about life and purpose of our company directly from India colleagues' video: Bengaluru, India | Where We Work | LSEG

Career Stage:

Associate

London Stock Exchange Group (LSEG) Information:

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership , Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored ben