Unit Head, IT Finance and Vendor Management at First Bank

Job Objective(s)

• Oversee and manage financial accounting, billing, reporting, transaction processing and control activities across IT finances
• Manage relationship with existing suppliers on a day to day basis including contract changes, issue and/or dispute resolution and contract termination

Duties & Responsibilities

• Review figures, documents, and journal entry postings for correct entry, mathematical accuracy, and proper account coding for the general ledgers:
  • Reconcile or direct the reconciliation of various accounts receivable and other balance sheet accounts
• Prepare, coordinate, and communicate monthly financial calendar close
• Liaison with other functions regarding cost analysis and chargeback:
  • Monitor IT budget and work with IT unit heads to track IT spending
• Report IT financial performance, analyze variance (budgeted costs versus actual costs) and support budget decision making
• Facilitate the selection of appropriate sourcing options to ensure delivery of quality solutions at a competitive price
• Manage and negotiate the issue and renewal of all technology related contracts
• Ensure coordination between Architecture & Planning, Service Development and Service Management in terms of supplier relationships to deliver cost reduction and maximum value from key third party contracts
• Work closely with the Procurement unit in General Services to ensure best possible contractual terms and to develop and maintain a quality-driven preferred supplier list
• Establish and manage the operational relationship with suppliers
• Coordinate supplier selection, setting selection criteria and potential suppliers evaluation
• Provide support for the negotiation of new or renewed contracts as appropriate
• Manage and negotiate the issue and renewal of all technology contracts
• Work with business users(Service owners) to define Service Level Agreements in contracts
• Ensure services and invoices are consistent with the terms of the contract
• Review  supplier performance against defined SLAs and OLAs
• Raise service improvements when needed, manage issue and resolve disputes
• Oversee the management of the relationship with suppliers to ensure the provision of specific resource / technical skills required to fix complex or severe incidents / problems
• Manage supplier relationship during exit. Ensure fulfilment of supplier’s responsibilities during exit period
• Provide leadership and technical guidance to reports
• Serve as a member of the IT Services and Supplier Relationship Committee

Job Requirements
Education:

• Minimum of a first degree or its equivalent in a business /IT related discipline
• Masters, MBA or a recognized professional certification will be an added advantage

Experience:

• 6+ years of financial management, accounting and/ or treasury experience
• 4+ years of experience in supplier relationship management
• 2+ years of management experience