Job Description
Looking for a highly organized, detailed and result oriented Specialist FinOps Analyst for Federal Bank multi-cloud real-estate
Federal bank uses various cloud services that run primarily on AWS, GC and Azure for IAAS PAAS and include other SAAS solutions.
The Senior FinOps Analyst would be responsible for planning and designing a highly optimized FinOps framework to run our workloads ensuring maximumutilization of resources with an effective cost management process. The role will take a strategic and forward looking view of the Cloud FinOps function, ensuring the Bank remains prepared for evolving cloud pricing models, regulatory expectations, technology innovations, market best practices, and changing business demand.
Key Responsibilities
- Manage monthly cloud budget and forecast process in managing consumption and savings in collaboration with accounting, finance, and technical owners.
- Support stakeholders in understanding their cloud spend based on their business roadmap and budgeted forecast
- Monitor cloud consumption at the account level to detect, investigate, and escape anomalies and unplanned spikes.
- Take a strategic and forward-look view of the Cloud FinOps function to ensure the Bank remains prepared for evolving cloud pricing, regulatory expectations, technology shifts, market benchmarks, and changing business demand patterns
- Design, develop, and maintain reports and KPIs that provide detailed usage statistics of resources across the multi cloud landscape.
- Evaluate and investigate data patterns to derive insightful knowledge that can inform strategic and operational decisions.
- Participate in automating, integrating, and maturing the Cloud FinOps processes and data.
- Ability to understand problems, identify opportunities for improvement and provide solutions and innovative cost-cutting initiatives
- IT MIS preparation for IT department including Financial and Internal
- Assisting in preparing Cloud Budgets and tracking expenses against them
- Monthly Provisioning of cloud expenses, co-ordination with internal Finance team for timely PO, Invoicing and Payments.
- Coordinate with different business functions including IT department, Business verticals, PMO, Application build teams and to ensure corrective measures on financial MIS
- Structuring of Processes and automation of manual activities
- Create a Cloud FinOps Governance framework
- Assist in developing and maintaining unit economics and cost-to-serve reporting
- Partner with Finance to improve cloud cost transparency and reporting accuracy
- Partner with engineering teams to execute rightsizing, storage optimization, commitment utilization, and waste reduction initiatives.
- Track optimization recommendations through implementation and realization
- Monitor savings performance and report identified versus realized savings
- Support anomaly management and investigation of unexpected spend patterns
- Develop and maintain dashboards, reports, and KPIs that provide visibility into cloud spending and optimization opportunities.
- Optimize Cloud costs by tracking cost plans, Commitment discounts, and enterprise savings plans e.g., Cloud Rate Optimization
- Develop and maintain cloud infrastructure capacity and demand forecasts monitoring and tracking of cloud capacity resource mgmt. for all services
- Define cloud cost performance KPIs, benchmarking, and tracking them
- Design and create demand for building dashboards for real-time digital tracking of FinOps by departments, attributed cost and programs to the management
- Contribute to escalation of cost and risk and issues beyond certain budget thresholds
Budget Management Work Experience Skills
- Overall work experience of 8+ years
- 5+ years experience working as Cloud FinOps Analyst
- 2+ years experience leading FinOps and Cloud engineering teams
- Proven track record of setting up FinOps capabilities, tooling, governance frameworks, and operating processes from scratch in complex cloud environments.
- Experience with cloud billing and cost management modules
- Good knowledge of forecasting, and predicting cost of organizations / organizational units
- Reporting and cost financial data maintenance and availability management.
- Stakeholder management and liaising with multiple verticals.
- Automation and tooling for FinOps analytics
- Good knowledge of public cloud players (AWS, GCP, Azure, Oracle), their product portfolio and commercial models
- Knowledge of the core Finance principles and basic understanding of the corporate accounting process (forecast, invoicing, show back, accruals, procurement, etc.)
FinOps Educational Qualification
- Bachelors or Masters degree in computer science or equivalent experience/certification or knowledge in cloud platforms with a leading CSP, or MBA with background in commercial management of cloud providers and services