Tech Mahindra is Hiring Assistant Procurement Manager – Pune (Urgent Hiring)

Tech Mahindra, a leading global IT services and consulting company, is urgently hiring an Assistant Procurement Manager for its MDS function in Pune. This role is ideal for professionals with strong procurement operations experience, vendor management exposure, and financial controls knowledge.

Job Overview

Company: Tech Mahindra
Position: Assistant Procurement Manager
Role Category: Product Management – Other
Department: Product Management
Employment Type: Full Time, Permanent
Location: Pune

Educational Qualification

• Any Graduate

Key Responsibilities

1. Procurement & Vendor Management (60%)

• Manage the end-to-end procurement lifecycle for market data, research subscriptions, and financial data services
• Review and validate new requests, renewals, cancellations, entitlements, and price changes
• Coordinate with internal business stakeholders and global vendors such as Bloomberg, Refinitiv, ICE, S&P, and other market data providers
• Ensure optimal pricing, contract compliance, and entitlement accuracy
• Perform price benchmarking and monitor usage versus subscribed services
• Maintain catalogues, rate cards, vendor contracts, and renewal calendars
• Support RFx activities (RFI/RFQ/RFP) for vendor selection when required
• Identify and report cost savings, cost avoidance, and demand consolidation opportunities

2. Invoice Processing & Financial Controls (40%)

• Oversee end-to-end invoice processing for high-value and complex MDS subscription invoices
• Ensure 3-way matching (PO – GRN – Invoice) before posting
• Verify invoice accuracy against contract entitlements and pricing
• Resolve price mismatches, tax issues, missing POs, and duplicate invoices
• Coordinate with vendors, finance teams, and internal stakeholders for issue resolution
• Ensure adherence to internal controls and audit requirements

Key Skills Required

• Strong understanding of Procurement Operations & Market Data Services (MDS)
• Experience with subscription-based procurement models
• Vendor negotiation & contract management skills
• Invoice processing & financial control expertise
• Stakeholder coordination & communication skills
• Attention to detail and analytical mindset
• Experience with ERP / Procurement systems (SAP preferred)

Why Join Tech Mahindra?

• Work with global financial data vendors
• Exposure to high-value procurement & strategic sourcing
• Strong career growth in procurement, product, and operations management
• Collaborative and global work environment

How to Apply

📞 Contact Number: 9354498578
📧 Email Resume: ap00841743@techmahindra.com

Interview Questions & Answers

Assistant Procurement Manager – Market Data Services (MDS)

1. What is Market Data Services procurement?

Answer:
Market Data Services procurement involves sourcing, managing, and controlling subscriptions for financial and market intelligence data such as Bloomberg, Refinitiv, ICE, and S&P. It includes vendor negotiation, entitlement management, contract compliance, and cost optimization.

2. How do you manage subscription renewals and cancellations?

Answer:
I maintain a renewal calendar, review usage data, validate business requirements, negotiate pricing, and ensure timely approvals. For cancellations, I verify entitlements, contractual notice periods, and ensure accurate closure to avoid unnecessary costs.

3. What is 3-way matching and why is it important?

Answer:
3-way matching ensures that the Purchase Order, Goods Receipt Note, and Invoice match in terms of quantity, pricing, and entitlement. It prevents overpayment, duplicate invoices, and audit issues.

4. How do you control costs in market data procurement?

Answer:
I track usage vs. subscription, consolidate demand, benchmark prices, renegotiate contracts, and eliminate unused entitlements. I also identify cost avoidance opportunities during renewals.

5. How do you handle invoice discrepancies?

Answer:
I analyze the discrepancy, validate contract terms, check entitlements, and coordinate with vendors and finance teams to resolve pricing, tax, or PO-related issues before posting.

6. Have you worked with vendors like Bloomberg or Refinitiv?

Answer:
Yes, I have coordinated with major market data vendors for pricing negotiations, contract renewals, entitlement changes, and invoice resolution while ensuring compliance with internal procurement policies.

7. What KPIs do you track in procurement operations?

Answer:
Key KPIs include cost savings, cost avoidance, renewal compliance, invoice accuracy, cycle time, vendor performance, and audit compliance.

8. Why should Tech Mahindra hire you for this role?

Answer:
I bring strong MDS procurement expertise, vendor negotiation skills, financial control knowledge, and the ability to manage complex subscriptions while ensuring cost optimization and compliance.