Senior Manager IT Procurement

Pune - India

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Job Purpose	To drive financial strategy by managing budgets forecasts and cost analysis to align IT operations with financial objectives
Duties and Responsibilities	IT Procurement & Commercial Management Execute end-to-end procurement activities: PR creation RFQ quote analysis PO issuance Conduct price benchmarking and assist in negotiations to optimize total cost of ownership Manage IT vendor onboarding compliance documentation & vendor master accuracy Track software license utilization cloud consumption AMC renewals Maintain procurement dashboards: PO status PR aging contract renewals calendar Coordinate with Legal on NDAs/MSAs/SOWs review commercial terms (SLA penalties payment milestones) Support audits by providing purchase records and compliance evidence FP&A Cost Planning & Reporting Support annual budgeting and rolling forecasts for technology cost centers Analyze actual vs. budget variances with clear commercial drivers Assist in preparation of monthly MIS & management reports (IT cost Capex/Opex split) Track cost-saving initiatives and procurement efficiency metrics Support investment business cases for IT projects including ROI & TCO analysis Ensure timely month-end closure entries: accruals reclasses for IT-related spend
Key Decisions / Dimensions	Cost Management: Recommend cost-saving measures and adjustments to IT expenditures to stay within budgetary limits and optimize financial efficiency.
Major Challenges	Balancing cost vs. technology requirements while ensuring vendor solutions meet performance security and compliance standards Coordinating multiple stakeholders (IT Finance Security Legal Vendors) with differing priorities and timelines Managing tight procurement timelines for critical technology infrastructure without compromising process governance Ensuring contract renewals and license compliance are proactively tracked to avoid service disruption or penalties Maintaining data accuracy and audit trails across POs spend trackers and variance reports Developing the ability to interpret commercial clauses pricing models and SLA implications at an early experience level Providing clear financial insights despite evolving technology consumption patterns (cloud SaaS variable billing) Handling Capex vs. Opex classification appropriately to maintain correct financial reporting Supporting month-end and budgeting cycles while concurrently managing live procurement activities Navigating market pricing volatility in IT hardware cloud consumption and cybersecurity tools

Required Experience:

Senior Manager

Job PurposeTo drive financial strategy by managing budgets forecasts and cost analysis to align IT operations with financial objectivesDuties and Responsibilities IT Procurement & Commercial ManagementExecute end-to-end procurement activities: PR creation RFQ quote analysis PO issuanceConduct price ...

Job Purpose	To drive financial strategy by managing budgets forecasts and cost analysis to align IT operations with financial objectives
Duties and Responsibilities	IT Procurement & Commercial Management Execute end-to-end procurement activities: PR creation RFQ quote analysis PO issuance Conduct price benchmarking and assist in negotiations to optimize total cost of ownership Manage IT vendor onboarding compliance documentation & vendor master accuracy Track software license utilization cloud consumption AMC renewals Maintain procurement dashboards: PO status PR aging contract renewals calendar Coordinate with Legal on NDAs/MSAs/SOWs review commercial terms (SLA penalties payment milestones) Support audits by providing purchase records and compliance evidence FP&A Cost Planning & Reporting Support annual budgeting and rolling forecasts for technology cost centers Analyze actual vs. budget variances with clear commercial drivers Assist in preparation of monthly MIS & management reports (IT cost Capex/Opex split) Track cost-saving initiatives and procurement efficiency metrics Support investment business cases for IT projects including ROI & TCO analysis Ensure timely month-end closure entries: accruals reclasses for IT-related spend
Key Decisions / Dimensions	Cost Management: Recommend cost-saving measures and adjustments to IT expenditures to stay within budgetary limits and optimize financial efficiency.
Major Challenges	Balancing cost vs. technology requirements while ensuring vendor solutions meet performance security and compliance standards Coordinating multiple stakeholders (IT Finance Security Legal Vendors) with differing priorities and timelines Managing tight procurement timelines for critical technology infrastructure without compromising process governance Ensuring contract renewals and license compliance are proactively tracked to avoid service disruption or penalties Maintaining data accuracy and audit trails across POs spend trackers and variance reports Developing the ability to interpret commercial clauses pricing models and SLA implications at an early experience level Providing clear financial insights despite evolving technology consumption patterns (cloud SaaS variable billing) Handling Capex vs. Opex classification appropriately to maintain correct financial reporting Supporting month-end and budgeting cycles while concurrently managing live procurement activities Navigating market pricing volatility in IT hardware cloud consumption and cybersecurity tools

Required Experience:

Senior Manager

Key Skills

Invasive Cardiology
Client Servicing
Linux
AC Maintenance
Lorry Driving
Arabic Cuisine

Apply Now

About Company

Bajaj Finance Limited

Bajaj Finserv is India’s most diversified non-banking finance company. Visit the website to learn about our products. Get instant approval on loans, shop on EMIs, make an investment, get insurance and pay your bills.

View Profile View Profile

AI AutoApply

Apply to 100+ jobs with one click