FinOps Engineer

1 month ago

Red Bank, United States AGM Tech Solutions - A Woman and Latina-owned IT Staffing Firm-an Inc5000 company Full time

Primary responsibilities include all activities related to cloud financial management and analysis support. These responsibilities include, but are not limited to:

CFM Strategy & Architecture

  • Evaluate the cloud hosting cost proposals, analyze past performance on, cost control on similar procurements; use of standards and/or other quantitative techniques in producing like or similar items. Review the adequacy and soundness of the proposals for compliance with cost accounting standards (CAS). Identify cost impact of accounting system changes or noncompliance, based on information provided by auditors or agency. Document findings to allow the ability and allocability of costs based on such reviews.
  • Coordinate with key stakeholders and counterparts to facilitate efforts throughout the SDLC cycle with respect to the development and integration of those efforts.
  • Support the development of cloud transition schedules and coordinate with key stakeholders and counterparts to facilitate efforts.
  • Coordinate change management activities in accordance with the technology operating model and transition plan.
  • Contribute to education delivery, equipping stakeholders with understanding for cost management practices.
  • Budgeting & Cost Allocation
  • Create and manage budgets for cloud spending, taking into account organizational goals and growth projections.
  • Develop methods for allocating cloud costs to different business units, platforms, portfolios and products, enabling chargeback or showback mechanisms.
  • Contribute to yearly DPG financial budget process for cloud hosting and third party software spend
  • Cost Optimization and Forecasting
  • Lead planning discussions and project reviews to align on the financial impact of R&D initiatives, providing key inputs such as the infrastructure forecasting and related margin impact
  • Collaborate with FinOps and Engineering to track and monitor cost optimization initiatives, ensuring key initiative assumptions are accurate, and applicable infrastructure efficiencies are incorporated into the forecast
  • Engage with the business to execute on multi-year forecasting of infrastructure spend
  • Conduct in-depth cost analysis to identify cost drivers and areas for improvement.
  • Monitor ongoing cloud expenses and identify cost-saving opportunities, such as unused or underutilized resources in AWS console.
  • Track progress against EBIDTA targets for ongoing cloud hosting charges
  • Commercial Software Agreements
  • Continually analyze asset consumption in AWS, and collaborate with DevSecOPs teams to establish future migration/consumption patterns of asset types. Use this information to purchase Reserved Instances and continually monitor/act upon usage/coverage information to establish ROI.
  • Collaborate with AWS and Senior McGraw Hill Leadership to create and refine EDP discounts.
  • Seek out and look for opportunities to engage in private rate discounts where volume licensing is preferred

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