IT Purchasing Analyst

IT Purchasing Analyst

Full time

Worksite flexibility

Hybrid

Location: Hybrid - 2 Days Onsite in Chicago

Requirements:
- Candidates MUST be local to Chicago
- Strong Experience in IT contract management and compliance
- Strong analytical skills for contract analysis and reporting
- Ability to develop forecasts and management reports
- Familiarity with audit processes and compliance reporting

Preferred:
- Experience working with IT, finance, procurement, audit, and legal teams
- Knowledge of cost-saving strategies and contract optimizations
- Skills in educating stakeholders on compliance requirements
Misc notes:

Job Description

We are looking for an IT Purchasing Analyst to assist with IT Contract management as part of the application support team. This position is a full-time contract and will be a hybrid work schedule.

What You ll Do

• Analyze IT-related contracts, including software licenses, cloud services, cybersecurity agreements, and hardware procurements
• Keep track of contract orders, invoices, payments for a running total of contract activity
• Develop forecasts and management reports to flag utilization, expenditure, or compliance issues
• Evaluate adherence to contractual terms through audits, reviews, and data analysis
• Prepare comprehensive compliance reports detailing findings, recommendations, and action plans
• Provide reports and assistance to IT contract managers in budget planning
• Contribute to the development and implementation of IT contract compliance policies
• Educate stakeholders on IT contract compliance requirements and best practices
• Identify opportunities to improve IT contract management processes
• 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
• Support audit requests related to IT contracts
• Communicate audit findings to stakeholders
• Maintain a centralized database of IT contracts
• 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 and SLA fulfillment

What You'll Need

Required:

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

Preferred:

• Experience working with IT, finance, procurement, audit, and legal teams
• Knowledge of cost-saving strategies and contract optimizations
• Skills in educating stakeholders on compliance requirements

Physical Demands

• Ability to safely and successfully perform the essential job functions consistent with the ADA and other federal, state and local standards
• Sedentary work that involves sitting or remaining stationary most of the time with occasional need to move around the office to attend meetings, etc.
• Ability to conduct repetitive tasks on a computer, utilizing a mouse, keyboard, and monitor