IT Cost & Vendor Management Specialist

Smith & Nephew

1 - 6 years

10 - 14 Lacs

pune

Posted:1 day ago| Platform:

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Skills Required

depreciation it procurement contract management analytical sow asset management microsoft licensing forecasting monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

Budget Management Support: Liaise with IT Service Owners and Finance Business Partners to plan and control Enterprise Technology OpEx and CapEx annual budgets. Activities include continuous spend monitoring, monthly accrual reviews, forecasting, and processing budget adjustments.
Order and Payment Management : Verify invoices against contract terms, ensure timely submission and renewal of Purchase Orders, and manage disputes or complaints related to payments.
Cost Allocation Support: Collaborate with PMO, M&A, and Business teams to estimate costs for additional services/technologies outside the planned budget and ensure proper allocation across cost centers.
Asset Management (Financial Aspect): Maintain accurate financial records for IT assets throughout their lifecycle, including depreciation calculations.
Contract & SOW Management : Oversee a portfolio of contracts and Statements of Work, ensuring timely termination or extension, and liaising with IT contract owners and Procurement.
Procurement Support : Assist Procurement in executing contract terms, with focus on SLA breaches and penalties where applicable.
Supplier Relationship Management: Support the IT SRM program by overseeing relationships with key vendors and ensuring regular service reviews are conducted.
Support Microsoft Contract Management: Process and document incoming demands (e.g., product reservations and reconciliations), and prepare annual license position summaries (True-ups).
Benchmarking : Conduct regular benchmarks with Procurement to validate cost-effectiveness of technologies and services.
Risk & Issue Management : Identify risks to service delivery and proactively resolve issues before they impact service levels.
SOP/Process Documentation : Create and update Standard Operating Procedures (SOPs) to capture all internal processes.

What will you need to be successful

Education : Should have a bachelors or masters degree in the field of business management, IT, or equivalent.
Experience : Minimum of 1 year of relevant work experience. Preferred experience in Finance for IT, Procurement for IT, or Software Licensing Decision Support roles.
Languages / Certifications : English proficiency at B2 level.
Competences: Collaborative and influencing management style, with the ability to negotiate effectively and achieve optimal outcomes. Strong attention to detail, analytical thinking, and ability to work cross-functionally.

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