IT Cost Optimisation Analyst

Ignition Group; Durban; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A technology and financial services company in Durban seeks a candidate to lead financial analysis initiatives and optimize IT costs. The role involves managing software licenses and hardware assets while developing cost allocation models for accurate spend reporting. Successful candidates will use Excel and Power BI to produce dashboards that provide insights into financial health and asset utilization. Strong collaboration with IT Operations and Finance teams is essential for aligning IT investments with business objectives.

Qualifications

• Experience in financial analysis and cost optimization in IT.
• Ability to utilize Excel and Power BI for reporting.
• Strong collaboration skills with cross-functional teams.

Responsibilities

• Lead financial analysis initiatives to reduce expenses.
• Manage software and hardware asset inventories.
• Develop and manage cost allocation models and IT spend reporting.
• Create dashboards for actionable financial insights.

Skills

Financial analysis

Cost optimization

Budgeting

Vendor management

Excel

Power BI

Job description

1. Financial Analysis & Cost Optimization

• Lead financial analysis initiatives to examine IT costs, identify trends, and develop strategies to reduce expenses across the group.
• Support budgeting, forecasting, and strategic planning processes related to IT assets and services.
• Collaborate with procurement and vendor management to optimize supplier contracts and service costs.
• Provide regular reporting to stakeholders on IT financial performance, highlighting cost trends and savings opportunities.

2. IT Asset Management (HAM & SAM)

• Software (SAM) : Manage the software license portfolio to ensure compliance and optimal usage. Monitor utilization across key platforms (Microsoft, Adobe, etc.) and identify opportunities for consolidation or license harvesting.
• Hardware (HAM) : maintain accurate group-wide hardware asset inventories, overseeing the full lifecycle from acquisition to disposal.
• Ensure the Contact Centre and other critical business units are provisioned efficiently without over-licensing.

3. Bill of IT & Cost Allocation

• Develop, maintain, and enhance the "Bill of IT" to ensure accurate and transparent spend reporting.
• Design and manage Cost Allocation Models , including Showback and Chargeback programs, to ensure IT costs are defensibly distributed to the correct business units.
• Drive accountability by ensuring departments understand their IT consumption and associated costs.

4. Reporting & Stakeholder Collaboration

• Utilize Excel and Power BI to create dashboards that provide actionable insights into asset utilization and financial health.
• Work closely with IT Operations, Finance, and business unit leaders to align IT investments with business goals.