Job Description :
Position : Software Procurement Specialist

Location: Teaneck, NJ (or) Bridgewater, NJ (or) College Station, TX (or) Denver, CO (or) San Ramon, CA (or) Phoenix, AZ

Note : We are looking for a procurement specialist with strong experience in Software procurement. Imagine what would a procurement specialist would do in a large bank’s IT dept.
Please note, procuring laptop, accessories would be part of hardware procurement. Managing vendors/buyers/suppliers is part of VMO.

Job Description:

Managing and/or supporting all IT vendors, licensing, and maintenance agreements. This position will work to build a portfolio of current IT Vendors. The role will also be responsible for creating process for ongoing review of IT vendors, licensing, and maintenance agreements. The successful candidate will be a self-starter, detail oriented, strong written/verbal communication skills, customer service oriented, and have the ability to interpret, review and high-level negotiate technology related contracts in relation to software, hardware, telecommunications and other IT equipment and services.
As an IT Procurement executive, you will:
Responsible for managing maintenance/service agreements across software, hardware, telecommunications and other IT related equipment and services.
Candidate should be able to understand overall cost drivers in a contract and have a skillset to quantify them as value to be negotiated or structure it as a cost
He/She should have in-depth knowledge in defining accurate cash inflows of a deal, set penalties on failures, define deliverables, mile stones, and ways to overcome probable risks in a contract
Candidate should also have skill of validating market trends in software licensing and submit innovative ideas to remodel the licensing metrics
Collaborate with IT Teams and other departments to negotiate terms with vendors, to mitigate risk and maximize price efficiencies.
Work closely with IT and Finance departments to ensure that invoicing and payment occur on a timely and accurate basis.
Conducts negotiation of pricing to leverage volume purchasing and achieve highest cost savings.
Deep understanding on statement of work clauses and has a capacity to redefine terms which could be favorable to Cognizant.
Proactively monitor when the terms of agreements are nearing expiration. Discuss on-going requirements with IT Management.
Serve as a point reference to interpret the terms of the agreement, addressing any questions that may arise.
Develop and maintain central tracking and reporting mechanism for all contracts and agreements within the responsibility of IT Procurement ensuring annual renewals are completed.
Maintain files of supporting documentation including original paper documentation as required.
Willingly and occasionally, work nights and weekends to better support the business.
Build strong relationships within all areas of the business to promote collaboration.
A Team Player – you understand the basics tenants of being a great teammate including proper time management, communication and attendance.
As an IT Procurement executive, you must have a minimum of:
A Bachelor’s degree in Business Management. Economics, commerce, supply chain management or Computer Science.
7-10 years of IT Procurement/Sourcing support experience.
Must have understanding of software licensing and IT networks and infrastructure, data center technology, end user, mobile, web and social media technology and terms.
Excellent verbal and written communication skills, including the ability to explain technical contractual aspects to senior leaders within and external to the IT Organization.
Excellent customer service, decision-making, and organizational skills.

What else you can expect:
Physical Demands:
Requires sitting or standing for extended periods.
Extensive use of a computer and repetitive hand movements in the performance of duties.
Occasional lifting and carrying of material weighing up to twenty pounds may be required
Equipment Operated: Personal computer, printers, fax, copier and telephone