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For Companies At a Glance
- Tasks: Join us as a Cost Specialist to optimise technology spending and drive financial improvements.
- Company: Be part of a dynamic company undergoing an exciting transformation programme.
- Benefits: Enjoy flexible working options and the chance to make a real impact on IT investments.
- Why this job: This role offers strategic challenges, collaboration with IT leaders, and opportunities for measurable success.
- Qualifications: You need experience in finance roles, ideally supporting IT, with strong analytical skills.
- Other info: Ideal for those who thrive in fast-paced environments and love driving efficiencies.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
We have partnered with a client who are currently going through an exciting Transformation programme. We are looking for a Cost Specialist to play a pivotal role in optimising technology spend across the business. You will work closely with the IT function, procurement, and wider business units to identify cost-saving opportunities, improve budgetary control, and enhance the return on IT investments.
You will be a strategic thinker with strong financial acumen, experience working within or alongside IT departments, and a track record of driving measurable financial improvements.
Key Responsibilities
- Partner with the IT leadership team to develop and implement cost-saving strategies across the IT estate.
- Analyse and challenge IT budgets, forecasts, and spend plans, ensuring value for money and alignment with business priorities.
- Identify and drive efficiencies in software licensing, vendor management, infrastructure, cloud services, and IT project spend.
- Monitor and report on IT spend, providing detailed variance analysis and actionable insights.
- Develop financial KPIs and dashboards for IT performance and spend tracking.
- Collaborate with procurement to negotiate favourable terms with technology vendors and suppliers.
Skills and Experience
- Proven experience in a finance business partner role, ideally supporting IT or technology functions.
- Strong analytical and commercial skills with a keen eye for identifying savings and efficiency opportunities.
- Experience with IT cost structures including cloud, SaaS, hardware, software licensing, and managed services.
- Confident communicator able to influence senior stakeholders and challenge decisions constructively.
- Comfortable working in a fast-paced and change-driven environment.
Cost Specialist employer: Mentmore Recruitment
Contact Detail:
Mentmore Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Specialist
✨Tip Number 1
Familiarise yourself with the latest trends in IT cost management and optimisation. Understanding current technologies and their cost implications will help you speak confidently about potential savings during interviews.
✨Tip Number 2
Network with professionals in the IT and finance sectors. Attend industry events or webinars to connect with people who can provide insights into the role and potentially refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss specific examples of how you've previously identified cost-saving opportunities or improved financial performance. Having quantifiable results ready will demonstrate your capability and experience effectively.
✨Tip Number 4
Research our company culture and values at StudySmarter. Tailoring your approach to align with our mission and demonstrating how you can contribute to our goals will make you a more attractive candidate.
We think you need these skills to ace Cost Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and IT. Emphasise any roles where you've successfully identified cost-saving opportunities or improved budgetary control.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Cost Specialist role and how your skills align with the job description. Mention specific examples of your analytical skills and experience working with IT departments.
Highlight Relevant Skills: When detailing your experience, focus on your analytical and commercial skills. Provide examples of how you've influenced senior stakeholders and driven measurable financial improvements in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Cost Specialist.
How to prepare for a job interview at Mentmore Recruitment
✨Understand the Role
Make sure you have a solid grasp of what a Cost Specialist does, especially in relation to IT. Familiarise yourself with cost-saving strategies and how they apply to technology spend, as this will show your potential employer that you're genuinely interested and knowledgeable about the position.
✨Prepare for Financial Discussions
Since the role requires strong financial acumen, be ready to discuss your previous experiences with budgets, forecasts, and financial analysis. Think of specific examples where you've successfully identified cost-saving opportunities or improved financial performance.
✨Showcase Your Analytical Skills
Be prepared to demonstrate your analytical abilities during the interview. You might be asked to analyse a hypothetical budget or identify inefficiencies in a given scenario. Practising these skills beforehand can help you feel more confident.
✨Communicate Effectively
As a Cost Specialist, you'll need to influence senior stakeholders. Practice articulating your thoughts clearly and confidently. Use examples from your past experiences to illustrate how you've successfully communicated complex financial information to non-financial colleagues.
