IT Procurement Manager

IT Procurement Manager

The IT Procurement Manager is responsible for leading the strategic sourcing, contracting, and lifecycle management of technology goods and services to support enterprise business and technology objectives. This role ensures the effective acquisition of IT hardware, software, cloud services, and professional services through disciplined procurement practices that optimize cost, mitigate risk, and ensure compliance with regulatory, security, and internal control requirements. The IT Procurement Manager partners closely with IT, Finance, Legal, Compliance, and business stakeholders to deliver value-driven vendor relationships, support budget planning and forecasting, and advance a consistent, transparent, and scalable IT procurement framework.

The IT Procurement Manager oversees the sourcing, negotiation, and management of technology goods and services that support the companys operations. This includes software licensing, cloud solutions, cybersecurity tools, infrastructure, and IT consulting services. The role ensures all procurement activities align with regulatory requirements, internal controls, and the companys strategic technology goals.

Develop and execute procurement strategies for IT hardware, software, SaaS, cloud, and telecommunications aligned with enterprise technology objectives.

Partner with IT, Finance, Compliance, and Legal to ensure vendor contracts meet security, data privacy, and regulatory standards

Negotiate vendor agreements, renewals, and service-level commitments to achieve optimal value and mitigate risk.

Manage relationships with IT vendors, including software providers, managed service providers, and cloud partners.

Implement structured vendor performance management, including KPT tracking, quarterly business reviews and risk assessments

Support IT budget planning through cost analysis, forecasting, and total cost of ownership (TCO) tracking.

Ensure compliance with internal procurement policies and audit requirements.

Identify opportunities for process improvements, cost savings, and contract standardization.

Maintain up-to-date understanding of emerging insurance technology trends and market benchmarks.

Lead or mentor procurement analysts supporting IT sourcing activities.

Required:
Bachelors degree in Business, IT, Supply Chain Management or related field and equivalent experience may be considered.

Leadership/Management experience required

Seven or more years of Procurement Management experience required

Knowledge of information technology concepts, techniques and processes required.

Strong understanding of cloud computing, cybersecurity frameworks, and IT infrastructure

General knowledge of insurance company operations required.

Certifications (Preferred): Certified Professional in Supply Management (CPSM), Certified Technology Procurement Executive (CTPE), Project Management Professional (PMP) or equivalent certifications may be considered.

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