Bayt.com
https://bayt.page.link/48tsToU5Pi8tKKHAA
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Job Description

Main Purpose:The IT Procurement and Cost Optimization Manager is responsible for driving strategic IT cost management across the organization. This role ensures cost-effective procurement, contract negotiation, and optimization of IT resources, including cloud services, SaaS applications, software, and hardware. The position involves managing IT spend, ensuring cost accountability, and developing a robust business case for new IT initiativesKnowledge Skills and Abilities, Key Responsibilities:

KEY RESPONSIBILITIES:


1. Contract and Vendor Management:


  • Lead negotiations for IT contracts, including Cloud (AWS, Azure, etc.), SaaS providers, software, hardware, and IT services.
  • Develop and maintain strong relationships with vendors to secure favorable terms and ensure compliance with service-level agreements (SLAs).
  • Monitor contract lifecycles and ensure timely renewals or renegotiations aligned with business needs.

2. Cloud Cost Optimization:


  • Manage and optimize cloud expenditures across AWS, Azure, and other cloud platforms.
  • Implement cost-saving measures such as rightsizing, resource scheduling, and usage analytics.
  • Collaborate with technical teams to implement FinOps best practices.

3. Financial Management and IT Spend Optimization:


  • Oversee the overall IT budget, track expenses, and identify cost-saving opportunities.
  • Analyze and report on IT spending patterns, ensuring alignment with business goals.
  • Develop financial forecasts and provide recommendations to optimize IT investments.

4. Business Case Development:


  • Evaluate and approve new Cloud/SaaS/Software initiatives by developing and validating business cases for expected costs and ROI.
  • Collaborate with stakeholders to align IT initiatives with organizational strategy and objectives.

5. Governance and Reporting:


  • Establish policies and processes for IT procurement and cost management.
  • Regularly report on IT expenditure, cost optimization efforts, and vendor performance to executive leadership.
  • Ensure compliance with organizational standards and regulatory requirements.

Qualifications:


Education:


  • Bachelor’s degree in information technology, Business Administration, Finance, or a related field. Master’s degree or equivalent experience is a plus.

Experience:


  • Minimum of 7-10 years of experience in IT procurement, vendor management, and/or cloud cost optimization.
  • Proven track record of managing IT budgets and negotiating contracts with major vendors.
  • Experience with financial modelling and business case development.

SKILLS & COMPETENCIES:


  • Deep understanding of cloud platforms (AWS, Azure, GCP) and SaaS pricing models.
  • Expertise in IT cost optimization, FinOps methodologies, and financial analysis.
  • Strong negotiation, analytical, and strategic planning skills.
  • Excellent communication and stakeholder management abilities.
  • Familiarity with procurement tools and financial management software.
Key Relationships and Department Overview:

Internal and External stakeholders


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