Performance Outcomes 

IT Asset Management: 

• Procurement: The analyst oversees the procurement process for IT assets, from vendor selection and negotiation to purchase order issuance. 

• Inventory Management: They maintain an accurate inventory of all IT assets, including hardware, software licenses, and subscriptions. 

• Lifecycle Management: This involves tracking the lifecycle of IT assets, managing deployments, upgrades, and disposal in compliance with organizational policies. 

Contract Management: 

• Contract Negotiation: The analyst negotiates contracts with IT vendors and service providers to ensure favorable terms, pricing, and service levels. 

• Contract Compliance: They monitor contract performance, SLAs, and compliance with contractual obligations and regulatory requirements. 

• Renewals and Terminations: They assess contract renewals, extensions, or terminations based on business needs and vendor performance evaluations. 

Vendor Management: 

• Vendor Relationships: The analyst manages relationships with IT vendors, serves as the primary contact for contractual matters, and conducts vendor assessments. 

• Performance Evaluation: They evaluate vendor performance, resolve disputes, and ensure vendors meet service quality standards and contractual commitments. 

Compliance and Reporting: 

• Compliance Assurance: They ensure compliance with software licensing agreements, regulatory standards, and industry best practices. 

• Reporting and Analysis: The analyst generates reports and dashboards to provide insights into IT asset utilization, costs, compliance status, and vendor performance. 

Cost Optimization: 

• The analyst identifies opportunities to optimize IT spending, such as consolidating licenses, renegotiating contracts, or retiring underutilized assets. 

• They track costs associated with IT assets and contracts, analyze cost trends, and make recommendations for cost-saving measures. 

Risk Management: 

• The analyst assesses risks related to IT assets, contracts, and vendor relationships, and implements risk mitigation strategies. 

• They stay updated on cybersecurity risks, compliance issues, and industry trends that may impact IT asset management and contract negotiations. 

Process Improvement: 

• The analyst identifies areas for process improvement within IT asset management, contract management, and vendor management functions. 

• They collaborate with cross-functional teams to implement process enhancements, streamline workflows, and enhance efficiency. 

Training and Documentation: 

• The analyst may develop training materials, policies, and procedures related to IT asset management, contract management, and vendor governance. 

• They provide guidance and support to internal stakeholders on IT procurement practices, contract terms, and compliance requirements.  

Education, Knowledge, and Experience 

• HS Diploma Required 

• Bachelor's degree in Information Technology, Business Administration, or related field preferred. 

• 3+ years of experience in IT asset management, contract management, or procurement. 

• Strong understanding of IT asset lifecycle management principles and practices. 

• Experience with IT asset management tools and software. 

• Excellent analytical and problem-solving skills. 

• Strong attention to detail and ability to prioritize tasks effectively. 

• Excellent communication and negotiation skills. 

• Ability to work independently and collaboratively in a fast-paced environment. 

• Relevant certifications (e.g., ITIL, CMDB, CSCP) are a plus. 

FLSA Status 

Exempt 

Physical Requirements/ Work Environment  

Employee must be able to sit or stand for long periods of time, with the physical ability to work at the computer or other sedentary tasks for long periods of time. Employee can conduct duties discreetly and impartially. If working remotely, employee is able to work in a space that allows them to effectively complete their job tasks, including having reliable internet connectivity and the ability to participate effectively while on phone and video calls. Employee has regular and predictable attendance and punctuality.