Senior Vendor Management Analyst

56672 Ameriprise India LLP; Gurugram District; On-site; INR 900,000 - 1,400,000; Full time

Job summary

Ameriprise India LLP is seeking a Vendor Management Analyst to handle data vendor and research service invoices, ensure cost controls, and manage license usage and vendor risk. You will maintain market data inventory, recertify end-user access, and drive contract renewals with stakeholders.

You will work with internal teams to identify cost savings and process improvements, ensuring compliance with corporate policies and procurement processes in a dynamic financial services environment.

Qualifications

• Master’s degree in commerce or related field; or equivalent work experience.
• Strong numerical competency and understanding of finance, budgeting and invoicing workflows.
• Good communications skills and attention to detail are required.

Responsibilities

• Process invoices and reconcile against inventory; determine cost centre allocations.
• Maintain an inventory of market data services and related costs.
• Ensure end-user access recertification and update records accordingly.
• Manage vanilla contract renewals with vendors and internal teams.
• Identify cost savings opportunities through renewals and license optimization.

Skills

Numerical skills

Attention to detail

Communication skills

Multitasking

Excel skills

Education

Master’s degree in commerce or related field

Tools

ARIBA

Vendor management platforms

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. 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

• Major areas of accountability: 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.

Since 1894, Ameriprise Financial has helped people feel more confident about their financial future. Guided by strong values and a deep commitment to clients, we've remained a trusted leader in financial planning and advice for more than 130 years. Through our businesses, Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance & Annuities, we deliver advice, investment and protection solutions designed for long-term success. While each business brings distinct capabilities and expertise, all are united by our unwavering focus on clients and a strong financial foundation. For you, that means the opportunity to build a meaningful career in a high-performing, collaborative culture where your expertise can grow, your contributions are valued and your work can make a real impact. As a global financial services company with three complementary businesses, the breadth of our capabilities sets us apart. It also creates unique opportunities for employees to learn, collaborate and grow their careers: Ameriprise Financial: Financial planning, advice and wealth management. Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients. RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth. Explore opportunities within each business and region below. Ameriprise US | Careers Ameriprise India | Careers Columbia Threadneedle Investments US | Careers Columbia Threadneedle Investments EMEA APAC | Careers RiverSource | Careers