Senior Vendor Management Analyst

Ameriprise Financial; Gurugram District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Ameriprise India LLP is seeking a Finance Analyst to manage CTI vendor activities across Market Data vendors, including invoice coding in ARIBA and cost control to meet spending targets.

Responsibilities include maintaining an inventory of market data services, ensuring license usage compliance, renewing vanilla contracts, and collaborating with procurement and stakeholders on process improvements and cost savings opportunities.

Qualifications

• Master’s degree in commerce or related field.
• Numerically competent with finance and accounting concepts.
• Understanding of budgeting, accounts payable, accruals and invoicing workflows.
• Attention to detail and ability to detect and fix errors.
• Strong verbal and written communication skills.
• Ability to juggle multiple priorities in a fast-paced environment.
• Proficient in Excel.

Responsibilities

• Process invoices and reconciling against inventory in ARIBA.
• Manage and update an inventory of Market Data services and costs.
• Ensure license usage compliance and periodic recertification.
• Renew vanilla contracts and coordinate with vendors and users.
• Collaborate with procurement and stakeholders on process improvements and cost savings.

Skills

Numerical ability

Finance basics

Accounts payable & invoicing

Budgeting

Attention to detail

Communication skills

Excel

Education

Master's degree in commerce

Tools

ARIBA

MDSL MDM

TRG Optimize

Market data vendor exposure

Job description

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection.

Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.

Job Description

This is a CTI Vendor management role covering annual spend on data vendor and research services from across Market Data Vendors. The analyst is responsible for invoice coding in ARIBA & ensuring costs are controlled, service quality expectations are met, data license usage constraints are understood and adhered to, vendor risk is managed, and procurement and change request processes are followed.

Key Responsibilities

• Process invoices, reconcile invoices against the inventory, determine cost centre allocations, investigate and resolve discrepancies, and process through to approval
• Manage and update an inventory of Market Data services and associated costs
• Ensure end user access is recertified periodically, recorded as complete, and the inventory updated
• Check for Market Data access when notified of a leaver, engage with vendors to remove/transfer access before the individual’s departure date
• Own and manage all aspects of vanilla contract renewals including engaging business users, vendors, internal support teams where appropriate, whilst ensuring all internal systems and records are updated accurately and in a timely fashion
• Handle any service requests from client base and investigate across a variety of resources to identify answer or appropriate response
• Collaborate with team on audits, installations, and removal of services
• Partner with team on system improvements, process enhancements, and ad-hoc projects as requested
• Partner with Procurements, Stakeholders on team on system improvements, process enhancements, and ad-hoc projects as requested
• Support, identify and deliver cost savings and cost avoidance opportunities through vendor renewal and license optimization.
• Support vanilla contract renewals, engage with internal business users and vendors, ensuring corporate policies and procedures are adhered to and all information repositories are correctly updated

Required Qualifications

• Master’s degree in commerce, or related field; or equivalent work experience.
• Numerically competent
• Understanding of business activities, finance and accounting principles, budgeting, accounts payable, accrual methodologies, and invoice processing workflow
• Appreciation of data usage and ability to identify various information sources to provide responses to end users
• Strong attention to detail and ability to detect and remedy errors
• Good communication skills – verbal and written
• Ability to manage multiple priorities in a fast-paced environment while maintaining high levels of accuracy and stakeholder satisfaction.
• Good excel skills

Preferred Qualifications

• Experience with MDSL MDM, TRG Optimize, or similar market data inventory and expense management platforms .
• Exposure to Market Data vendor services including Bloomberg, LSEG/Refinitiv, ICE, FactSet, S&P Global, MSCI, FTSE Russell, and Morningstar.

Full-Time/Part-Time

Full time

Timings

(2:00p-10:30p)

India Business Unit

AWMPO AWMP&S President's Office

Job Family Group

Finance

Ameriprise India LLP is an equal opportunity employer.

We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities.

If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.