IT Contract Manager

Job Title : IT Contract Manager

Location details : Hybrid in Chicago, IL - 3 Days Onsite

Duration : 12+ Months

Job Description: We are looking for an IT Contract Manager to analyze IT-related contracts, including software licenses, cloud services, cybersecurity agreements, and hardware procurements, to understand obligations and identify potential risks.

 What You’ll Do 

• Analyze IT-related contracts, including software licenses, cloud services, cybersecurity agreements, and hardware procurements, to understand obligations and identify potential risks
• Keep track of contract orders, invoices, payments for a running total of contract activity
• Develop forecasts and management reports to flag utilization, expenditures or compliance issues and risks with sufficient lead time to take preventative action
• Evaluate the adherence to contractual terms through audits, reviews, and data analysis
• Prepare comprehensive compliance reports, detailing findings, recommendations, and action plans, and maintain accurate records of compliance activities
• Provide reports, forecasts and assistance to IT contract managers in budget planning and capital planning for upcoming years
• Contribute to the development and implementation of IT contract compliance policies and procedures
• Educate stakeholders on IT contract compliance requirements and best practices
• Identify opportunities to improve IT contract management processes and enhance overall compliance
• Assist in identifying cost-saving opportunities and recommending contract optimizations
• Support budgeting efforts by providing insights into IT contract expenditures
• Ensure adherence to internal financial policies and industry compliance standards
• Act as a liaison between IT, finance, procurement, audit and legal teams to streamline contract management processes
• Support internal and external audit requests related to IT contracts
• Communicate audit findings and improvement recommendations to stakeholders
• Maintain a centralized database of IT contracts and track key renewals and amendments
• Work with Procurement to ensure timely renewals and amendments
• Prepare audit reports and provide updates for improvement
• Review IT vendor contracts to ensure adherence to terms, conditions, and regulatory requirements
• Conduct periodic audits to assess contract compliance, financial accuracy, and service-level agreement (SLA) fulfillment

What You'll Need 

Required:     

• Experience in IT contract management and compliance
• Strong analytical skills for contract analysis and reporting
• Ability to develop forecasts and management reports

Preferred:

• Familiarity with budgeting and forecasting for IT expenditures
• Strong understanding of internal financial policies and regulatory compliance standards
• Ability to streamline contract management processes and identify cost-saving opportunities