The IT Cloud & Procurement Manager is responsible for strategic IT cost management, optimizing procurement processes, and managing IT budgets. Key responsibilities include negotiating contracts with IT vendors, overseeing cloud expenditures, developing business cases for new initiatives, and ensuring compliance with organizational policies. This role requires strong analytical, financial, and negotiation skills.
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
Top Skills
AWS
Azure
GCP
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