Senior Financial Analyst, Cost Management

London Stock Exchange Group; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Healthcare

Retirement planning

Paid volunteering days

Wellbeing initiatives

Job summary

London Stock Exchange Group (LSEG) in Bengaluru seeks a Senior Associate to manage vendor relationships delivering IT services. You will lead MSP budgets, forecast spend, and improve cost visibility to support financial planning.

You will validate invoices, track volumes, and craft MIS reports to inform leadership decisions. The role requires collaboration across VM teams and cross-functional projects to drive efficiency and cost savings.

Qualifications

• Experience in managing vendor relationships and cost across IT services.
• Ability to deliver budgets and spend forecasts with improved cost visibility.
• Proven track record in validating invoices against contracts and work orders.

Responsibilities

• Handle PO lifecycle for technology vendors and ensure timely processing.
• Lead monthly volume and invoice tracking with clear metrics.
• Provide data-driven insights and reporting on technology spend to leadership.
• Collaborate with Vendor Management to review commercials and contract amendments.
• Develop summarized service reports from supplier data and support strategic discussions.
• Train and guide new team members; participate in cross-functional VM projects.

Skills

Vendor management

Budgeting & forecasting

Invoice validation

Financial reporting

Data visualization

Cost management

MIS reporting

Job description

Responsibilities

The potential employee undertakes administrative tasks associated with the management of vendors delivering IT & related service to LSEG. The elected employee will work with Director, Cost Management & other peers in - Deliver MSP budgets and spend forecasts, improving cost visibility and financial planning. Raise, amend and receipting of purchase orders for Tech service providers Handle the full purchase order lifecycle for technology vendors, ensuring accuracy and timely processing. Validated invoices against contracts and work orders, proactively resolving discrepancies and reducing billing errors. Lead monthly volume & invoice tracking by crafting visually appealing metrics Analyze transactional reports to identify missing costs and improve financial completeness. Track actuals vs forecasts to enable accurate run rate reporting & provide reporting on financial performance of the contracted services Standardize and automate processes for growing efficiency and enabling insights. Maintain all required / vendor specific trackers & reporting as scheduled and support any ad-hoc reporting needs Work with other department colleagues to deliver clear, data-driven insights on technology spend and gain efficiency. Collaborated with Vendor Management teams to review commercials and finalize contract amendments. Identify & chip in with any cost avoidance / cost saving opportunities Compose data visualizations and ad hoc reports to support leadership and strategic discussions. Develop summarized service reports from information provided by suppliers Proficient in formulating and interpreting Financial, MIS reports & other statements with a view to inform management of the business operations and potential decision making Be an outstanding teammate by backing other members’ activities of the team when necessary Deliver ad-hoc analysis, presentations, and data visualizations using contemporary tools to support management requirements Actively participate in any cross functional projects within & outside the VM function as needed Validated strong expertise in reporting, supporting leadership with actionable insights for decision-making. Provide financial insights and reporting as a core member of the function Train & guide any new members in the team for their settling in. Run / acquire AP transactions / cost reports to track all actual spend against the vendors & study the transactions for any ineligible transactions or anomalies.

Career Stage

Senior Associate

About LSEG

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.

Equal Opportunity Employment

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.

Sustainability & Charity

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.

Benefits

• healthcare
• retirement planning
• paid volunteering days
• wellbeing initiatives

More About LSEG

LSEG (London Stock Exchange Group) 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 culture of connecting, creating opportunity and delivering excellence shapes how we think, how we do things and how we help our people fulfil their potential. Our Data & Analytics, Capital Markets and Post Trade divisions have a combined power that provides a comprehensive, integrated suite of trusted financial market infrastructure services to help our customers pursue their ambitions. Explore our divisions LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across Europe, the Middle East, Africa, North America, Latin America and Asia Pacific. Find out more Get to know some of our people who are pushing the boundaries of technology, finance and more around the world.