Equity Bank IT Cost and Vendor Management Officer Jobs in Kenya
Equity Bank IT Cost and Vendor Management Officer Jobs in Kenya The Team Member IT Cost & Vendor Management analyses, forecasts and reports the operational budget and CAPEX budget for the IT department, analyses technology spend, builds and manages relationships with technology vendors and ensure that vendors meet their contractual obligation and adhere to the contractual terms agreed upon, Analyses the spend on technology and works on cost optimization initiatives in line with the ICT and overall bank strategy, report on the cost of technology for clear transparency and ownership by the various account and reviews business cases for technology investments.
Strategy & Planning
Budget planning encompassing capital, operational expenditure, and staff costs amongst others
Provide budget execution related reports to other finance functions as required
Assist in the development of business cases supporting the funding of IT projects and perform project profitability analysis after implementation
Break down IT costs into defined categories e.g. consumption based (variable technology usage: telecomm, data center), project based (initiatives) and infrastructure based (fixed cost: network infrastructure)
Identify IT cost drivers
Participate in evaluation of potential suppliers using developed and agreed criteria to support alignment and understanding of the expectations and requirements of engagement
Acquisition & Deployment
Develop financial models and criteria used to evaluate alternative IT investments.
Monitor 3rd party invoicing and deliverables as to contract adherence suggesting corrective actions Monitor budget-execution levels reporting any variances to Head of IT cost and vendor management among other bank stakeholders
Monitor and report on the performance of selected vendors to ensure delivery in line with contractual obligations and performance metrics set in the contracts.
Weekly reporting on IT budget performance
Liaise with procurement partners to review, report on and revise contractual agreements as necessary
Minimum Educational Level – First degree in Computing Science, BBIT, Accounting, Engineering, Operational sciences or (any other discipline with strong Information Systems component and/or relevant IT Service Management certification).
Post graduate qualification in Information Technology or related certifications.
Minimum of 2 years professional IT or IT Finance and Strategy
Knowledge of Accounting Principles and application
Knowledge of IT Service Management methodologies, principles, concepts, practices and processes
University degree in the field of computer science, Information Tech, Electrical Engineering or business administration.
Relevant industry certifications (ISO20000, COBIT, ITIL etc) will be an added advantage
IT asset management
Financial Control and Governance
Portfolio Monitoring, compiling, performance reporting (financials, non-financials)
Benefit / Value assessment
Data gathering and analysis
Communication skills and reporting
Activity Based Costing Management
Total Cost of Ownership
IT objectives / scorecard
IT organizational design
Methods, standards creation
personnel Relationship management
Strong Oral and Written Communication
Benefit / Value assessment
Integrity and honesty
Strong leadership skills.
Excellent written and oral communication skills.
Excellent interpersonal skills.
Ability to conduct and direct research into IT issues and products as required.
Ability to present ideas in business-friendly and user-friendly language.
Ability to perform general mathematical calculations for the purpose of creating business cases, budgets, and so on.
Highly self-motivated and directed.
Keen attention to detail.
Proven analytical, evaluative, and problem-solving abilities.
Ability to effectively prioritize and execute tasks in a high-pressure environment.
Exceptional customer service orientation.
Extensive experience working in a team-oriented, collaborative environment.
How to Apply
For more information and job application details, see; Equity Bank IT Cost and Vendor Management Officer Jobs in Kenya
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