IT Vendor Management Specialist

Overview

The IT Vendor Management Specialist is responsible for overseeing the financial aspects of vendor relationships within the IT department. This role focuses primarily on budgeting, including cost analysis, forecasting, tracking vendor spend, and ensuring alignment with overall IT budget goals. The specialist works closely with procurement, finance, and IT teams to manage contracts, negotiate pricing, monitor vendor performance, and ensure cost efficiency across technology services and products. Responsibilities

Prepare and track IT budget Collect BOQ, requirements and specifications from IT technical team and write RFPs / RFQs Collect proposals, ensure competence and compliance and create financial analysis and facilitate communication with technical team for clarifications Prepare and publish PO after compliance with approval hierarchy Track PO deliverables, delivery notes, payment terms / approvals and processing Track budgets vs actual spent Track and manage contract, support and subscriptions renewals for vendors services and report on monthly basis to IT management for review and execution Document, track and manage IT Dept Audit, Compliance and Risk requirements Review, update and maintain audit artifacts Track actions with target date and action owner and drive towards completion of the task assigned Regulatory & Business communications / Reporting for any IT services interruptions Prepare incident reports with accurate information and adhere to Exchange article guidelines on timeliness of reporting Track Tadawul / CMA actions by target date, owner until closure Track projects actions and escalations as necessary Seniority level

Associate Employment type

Full-time Job function

Information Technology and Purchasing Industries

Financial Services and IT Services and IT Consulting

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