Sourcing & Procurement Specialist

Tech Mahindra; Pune District; On-site; INR 1,400,000 - 1,800,000; Full time

Job summary

Tech Mahindra is seeking a Sourcing & Procurement Support Analyst in Pune with 6-7 years of experience to support sourcing and procurement activities, including data gathering, market research, contract administration, and P2P support. The role involves collaborating with category managers, handling market data vendor relationships, and driving process improvements across procurement processes.

You will assist in vendor evaluations, contract management, renewals, invoicing, and ensuring

Qualifications

• Bachelor's degree in Finance, Business, Information Technology or a related field.
• 6-7 years of relevant experience in market data management within capital markets or investment banking environments.
• Strong knowledge of market data vendors and services.
• Ability to identify research objectives, develop methodologies, and solve complex market research problems.
• Strong analytical skills for cost tracking, usage analysis and reporting.
• Ability to collaborate with teams and stakeholders across departments.

Responsibilities

• Manage end-to-end lifecycle of market data services including sourcing, licensing, entitlements, renewals and decommissioning.
• Perform vendor contract analysis and support cost reduction through usage optimization, contract consolidation and service rationalization.
• Provide oversight and administration of third-party market data including contract management, invoicing and audit/compliance.
• Assist in analysis related to purchasing and supplier performance to identify trends and issues.
• Assist in researching and identifying potential suppliers under guidance of Category/Sourcing Manager.
• Assist with contract management, tracking deadlines, renewals, and ensuring terms compliance.
• Support category manager in executing sourcing events and supplier evaluations.
• Assist in preparing reports on sourcing activities, supplier performance and cost savings.
• Assist with development and implementation of process improvements in sourcing and procurement.
• Assist with procurement PO and other transactional processes as needed.

Skills

Market data management

Data analysis

Supplier research

Contract administration

Sourcing execution

P2P support

Reporting & analytics

Education

Bachelor's degree in Finance, Business, IT or related field

Job description

Role & responsibilities

Sourcing & Procurement Support Role

A Sourcing and Procurement Support Analyst typically with 6-7 years of relevant experience and assists sourcing and procurement teams by gathering data, market research as needed, and supporting all sourcing and contracting activities including assisting the procurement team/ category managers in sourcing execution, template creation, Sourcing pipeline Management, Supplier evaluation, contract admin tasks and P2P support

Key Responsibilities:

• Market Data
  • i. Manage the end-to-end lifecycle of market data services, including sourcing, licensing, entitlements, renewals and decommissioning.
  • ii. Perform Vendor Contract analysis and support cost reduction initiatives through usage optimization, contract consolidation, and service rationalization.
  • iii. Provide oversight and administration of third party market data including contract management, invoicing and audit/legal compliance.
• Data Collection and Analysis
  • i. Understand and assist in analysis related to purchasing, supplier performance etc. to identify trends and potential issues.
• Supplier Research and Identification
  • i. Assist in Researching and identifying potential suppliers under the guidance of the Category / Sourcing Manager
• Contract Support
  • i. Assist with contract management, including tracking deadlines, managing renewals, and ensuring compliance with terms and conditions.
• Sourcing Execution
  • i. Support the category manager in executing sourcing events and Supplier evaluation
• Reporting and Analysis
  • i. Assist in preparing reports on sourcing activities, supplier performance, and cost savings.
• Process Improvement
  • i. Assist with the development and implementation of process improvements in sourcing and procurement.
• P2P Support
  • i. Assist with any support needed on Procurement PO and other transactional processes as needed by Russell

Key Skills and Qualifications:

• 1. Bachelors degree in Finance, Business, Information Technology or a related field.
• 2. 6-7 years of relevant experience in market data management within capital markets or investment banking environments.
• 3. Strong knowledge of market data vendors and services
• 4. Ability to identify research objectives, develop appropriate methodologies, and solve complex problems related to market research.
• 5. Strong analytical skills for cost tracking, usage analysis and reporting.
• 6. Ability to collaborate effectively with team members and stakeholders from different departments.