Citco

Procurement Manager - IT

Citco$90K — $120K *
Information Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Supply Chain Management, Information Systems, or related field.
  • 5+ years of procurement experience focused on IT purchasing.
  • Strong understanding of IT products, services, and SaaS models.
  • Proficiency in ERP or procurement systems.
  • Experience managing enterprise agreements with major technology vendors like Microsoft and AWS.
  • Strong analytical, organizational, and negotiation skills, with project management expertise.
  • Excellent written and verbal communication skills.

Responsibilities

  • Manage end-to-end procurement processes for IT hardware, software, cloud services, and consulting services.
  • Evaluate vendors and negotiate pricing, terms, and service-level agreements (SLAs).
  • Maintain and monitor preferred vendor lists and strategic partnerships.
  • Review and track IT contracts with Legal and Finance collaboration.
  • Maintain software license inventories ensuring compliance with agreements.
  • Create and manage purchase requisitions and purchase orders aligning with budgets.
  • Develop procurement policies specific to IT and identify cost-saving opportunities.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • Short and long-term disability benefits.
  • Retirement savings plan and tuition reimbursement.
  • Mental health and wellness support.
  • Parental leave and an annual discretionary bonus based on company performance.
Full Job Description
We are seeking a detail-oriented and proactive Procurement Manager with a strong focus on IT-related purchasing. This role is responsible for assisting with the sourcing, negotiating, and managing the procurement of hardware, software, cloud services, and IT professional services. The ideal candidate has experience working closely with IT, Finance, Legal, and vendors to ensure cost-effective, compliant, and timely acquisition of technology solutions.

Responsibilities

About The Role:

IT Procurement & Vendor Management
  • Manage end-to-end procurement processes for IT hardware (laptops, servers, networking equipment), software, SaaS subscriptions, cloud services, and IT consulting services.
  • Evaluate vendors, conduct RFQs/RFPs, and negotiate pricing, terms, and service-level agreements (SLAs).
  • Maintain preferred vendor lists and strategic partnerships.
  • Monitor vendor performance, renewals, and compliance with contractual obligations.

Contract & License Management
  • Review, coordinate, and track IT contracts in partnership with Legal and Finance.
  • Maintain software license inventories and ensure compliance with licensing agreements.
  • Track subscription renewals and proactively manage true-ups and renewals to avoid service interruptions.
  • Support audits related to software licensing and IT asset management.

Purchase Order & Financial Coordination
  • Create and manage purchase requisitions and purchase orders.
  • Ensure accurate cost coding and budget alignment.
  • Reconcile invoices and resolve billing discrepancies with vendors.
  • Track IT spend and provide reporting on budgets, forecasts, and cost optimization opportunities.

Process Improvement & Compliance
  • Develop and maintain procurement policies specific to IT purchases.
  • Ensure compliance with internal controls, security policies, and regulatory requirements.
  • Identify cost-saving opportunities through vendor consolidation, volume discounts, and contract optimization.
  • Support implementation and continuous improvement of procurement systems and tools.


Qualifications

About You:
  • You have a Bachelor's degree in Business, Finance, Supply Chain Management, Information Systems, or a related field.
  • 5+ years of procurement experience, with significant exposure to IT purchasing.
  • Strong understanding of IT products and services (hardware lifecycle, SaaS models, cloud consumption-based pricing).
  • Proficiency in ERP or procurement systems.
  • Experience managing enterprise agreements with major technology vendors such as Microsoft, Cisco, Dell Technologies, Amazon Web Services, or Oracle.
  • Strong analytical, organizational, and negotiation skills.
  • Strong project management skills, with the ability to manage multiple initiatives simultaneously.
  • Excellent written and verbal communication skills.
  • Ability to think strategically and translate ideas into actionable improvements.
  • Strong collaboration and teamwork skills.
  • Adaptability and openness to new ideas and technologies.
  • Attention to detail and commitment to high-quality deliverables.
  • Familiarity with IT asset management (ITAM) and software asset management (SAM) best practices a plus

Our Benefits:

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.

About Citco

Citco is a financial services company that provides fund administration, custody, and banking services to institutional investors and alternative investment managers. The company was founded in 1948 and is headquartered in the British Virgin Islands. Citco has a global presence with offices in over 40 countries. The company's mission is to provide innovative and reliable financial solutions to its clients.
Learn more about Citco
Size
10,000 employees
Industry

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