Sourcing Market Data Services

Classified Jobs

Pune City

On-site

INR 1,000,000 - 1,500,000

Full time

14 days+

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Job summary

A leading recruitment firm in Pune is seeking an experienced Sourcing Specialist to enhance client and supplier relationships and manage market data procurement. Ideal candidates will possess at least 5 years of progressive experience in indirect procurement, strong negotiation skills, and excellent English communication. This full-time role is mid-senior level, focusing on optimising sourcing operations and managing contracts effectively.

Qualifications

5+ years of experience in indirect procurement.
Familiar with sourcing operations and tactical buying.
Experience with contract negotiation and execution.
Fluent in English with excellent communication skills.

Responsibilities

Establish and maintain stakeholder relationships.
Conduct market tenders and manage supplier evaluations.
Lead the RF(x) process and negotiate deals.
Manage day-to-day operational processes.

Skills

Client-focused

Negotiation skills

Relationship management

Problem-solving

Attention to detail

Excellent communication

Education

Bachelor's degree in Business Administration/related field

Tools

Sourcing tools/systems

Job description

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We are currently seeking a Expert to join the Sourcing Market Data Services. The individual needs to be a dynamic, highly client-focused individual with proven experience within Market Data.

The individual will have experience in working with the main suppliers in globally of Market Data.

Main responsibilities will include:

Establish and maintain strong relationships with internal, client and supplier stakeholders.
Conduct market tenders, benchmark activities and manage the evaluation across cross-functional teams to determine selected suppliers.
Sourcing of indirect spend category Market Data Services globally.
Lead, prepare and execute the RF(x) processes.
Support analysis of proposals and producing recommendations.
Negotiate deals to achieve optimal commercial, products/services, compliance and contractual outcomes
Draft contracts based on standard terms and conditions.
Identify ways to improve related business-as-usual processes.
Day-to-day operational process management and support of relevant operational and P2P processes to ensure accurate and timely ordering and receipt of goods and services.

Requirements

University degree in Business Administration, Finance, Economics, Supply Chain Management or equal (bachelor’s degree).
General understanding of Sourcing Operations and Tactical Buying processes and best practice.
Minimum (5+ years) of progressive experience in indirect procurement and 5+ years in specific category of Market Data Services in an international (corporate) environment.
Experience in review, negotiation, and execution of contracts with vendors.
Experienced in conducting tenders (RFI, RFP, RFQ).
Specific know-how in Market Data Services and other professional services is preferred.
Understanding of typical risks and contractual mitigation/management of such. Problem-solving, relationship management, escalation management and influencing skills with a strong customer-service orientation.
High attention to details.
Experience in working with market leading sourcing tools/systems would be a plus.
Excellent English (native, C1 or equivalent) written and verbal communication skills. Any additional language considered a plus

Seniority level