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FinOps Transaction Manager

We are looking for an experienced Senior Cloud FinOps Transaction Manager to oversee and optimize cloud financial operations across OCI and GCP environments. This role requires a deep understanding of cloud cost management, procurement strategies, and financial reporting to ensure cost-effective and efficient use of cloud resources. The ideal candidate will have strong analytical skills, experience negotiating cloud contracts, and the ability to collaborate with technical and business teams to align cloud spending with organizational goals.

Key Responsibilities:

• Cloud Financial Management

o Analyze and optimize cloud spending for OCI and GCP environments, ensuring alignment with budgetary and operational objectives.

o Implement and maintain FinOps best practices, including chargeback, showback, and cost allocation strategies.

o Develop financial forecasts, budgets, and variance analyses for cloud consumption.

• Procurement & Contract Negotiations

o Lead contract negotiations with cloud providers, focusing on cost savings, pricing models, and service-level agreements (SLAs).

o Evaluate Reserved Instances, Committed Use Discounts, and other pricing programs to maximize cost efficiency.

o Establish relationships with cloud vendors and manage ongoing procurement activities.

• Cost Monitoring & Optimization

o Set up and maintain tools for real-time cloud cost monitoring and alerting.

o Identify and eliminate wasteful spending, such as unused or underutilized resources.

o Recommend rightsizing, autoscaling, and architectural changes to optimize costs while maintaining performance.

• Collaboration & Stakeholder Management

o Partner with engineering, DevOps, and finance teams to develop and implement cost management policies.

o Provide detailed reporting and insights on cloud costs to senior leadership and business units.

o Educate teams on FinOps principles and foster a culture of financial accountability.

• Governance & Compliance

o Ensure adherence to organizational policies, compliance standards, and regulatory requirements in cloud spending.

o Develop and enforce governance frameworks for multi-cloud environments, including tagging and billing hierarchies.

o Monitor and manage cloud-related risks, including budget overruns and unexpected cost spikes.

• Reporting & Metrics

o Develop dashboards and reports to track key metrics, such as cost per resource, cost per service, and cost per application.

o Use analytics to identify trends and provide actionable insights to optimize cloud resource utilization.

o Present financial updates, ROI analyses, and optimization recommendations to leadership teams.

• Technical Expertise:

o Deep knowledge of OCI and GCP pricing models, services, and tools for cost management (e.g., GCP Cost Management, OCI Budgets).

o Experience with FinOps tools like CloudHealth, Apptio, Cloudability, or native cloud cost management tools.

o Strong understanding of multi-cloud environments, hybrid architectures, and resource tagging strategies.

• Analytical & Financial Skills:

o Expertise in financial modeling, budgeting, and forecasting for cloud environments.

o Ability to analyze complex datasets and provide actionable insights.

o Experience with cost-saving strategies such as reserved capacity planning, spot instances, and workload scheduling.

• Experience:

o 5+ years of experience in cloud financial operations, procurement, or related fields.

o Proven track record of managing multi-million-dollar cloud budgets.

o Hands-on experience with both OCI and GCP platforms.

Preferred Qualifications:

• FinOps Certified Practitioner or Advanced Practitioner certification.

• Experience with additional cloud platforms (e.g., AWS, Azure) is a plus.

• Familiarity with governance frameworks like ITIL or COBIT.

• Proficiency in using BI tools (e.g., Tableau, Power BI) for cloud financial reporting.

Average salary estimate

$125000 / YEARLY (est.)
min
max
$100000K
$150000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About FinOps Transaction Manager, DeepSource Technologies

At our company, we're in search of a dedicated Senior Cloud FinOps Transaction Manager who will take charge of optimizing our cloud financial operations across both the OCI and GCP environments. This isn’t just about crunching numbers; it’s about making informed decisions that affect how we use cloud resources. You’ll need a robust understanding of cloud cost management and the ability to see the bigger picture when it comes to procurement strategies and financial reporting. If you possess strong analytical skills and can negotiate better cloud contracts while collaborating with both technical teams and business stakeholders, then you could be the perfect fit! In this exciting role, your responsibilities will range from analyzing cloud spending to implementing best FinOps practices and leading contract negotiations with cloud providers. You will also have the chance to partner with various teams to create effective cost management policies and bring a culture of financial accountability to our operations. With us, you won't just manage cloud budgets; you'll also champion innovative solutions to optimize costs and enhance performance, making every dollar spent count. If you have over five years of experience in cloud financial operations and a history of managing substantial cloud budgets, we want you on our team. Join us in navigating the complexities of cloud spending to drive our success forward!

Frequently Asked Questions (FAQs) for FinOps Transaction Manager Role at DeepSource Technologies
What are the main responsibilities of a FinOps Transaction Manager at our company?

A FinOps Transaction Manager at our company is primarily responsible for optimizing cloud financial operations across OCI and GCP environments, analyzing cloud spending, implementing best practices, and leading contract negotiations with vendors. They also manage financial reporting, collaborate with various teams to develop cost management policies, and ensure compliance with organizational standards.

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What qualifications are required for the FinOps Transaction Manager position?

To excel as a FinOps Transaction Manager, candidates should have 5+ years of experience in cloud financial operations or procurement, along with expertise in cloud cost management. A strong analytical background, proficiency with cloud platforms like OCI and GCP, and ideally a FinOps certification are highly valued. Familiarity with BI tools for reporting and governance frameworks will also be beneficial.

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How does the FinOps Transaction Manager collaborate with other teams?

The FinOps Transaction Manager collaborates closely with engineering, DevOps, and finance teams. This partnership ensures the implementation of effective cost management policies, fosters a culture of financial accountability, and allows for the sharing of insights into cloud spending with senior leadership.

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What tools and technologies should a FinOps Transaction Manager be familiar with?

A successful FinOps Transaction Manager should have deep knowledge of OCI and GCP pricing models and services, along with experience using tools like CloudHealth, Apptio, or native cloud cost management tools. Familiarity with BI tools such as Tableau or Power BI for financial reporting is also advantageous.

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What career growth opportunities exist for a FinOps Transaction Manager?

Working as a FinOps Transaction Manager opens doors to advanced roles in cloud financial operations, strategy development, and high-level procurement. Given the increasing significance of cloud management, professionals in this field can transition into senior management positions or specialized financial leadership within the organization.

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Common Interview Questions for FinOps Transaction Manager
Can you explain your experience with cloud financial operations?

When answering this question, detail your specific roles and responsibilities in previous positions, emphasizing your analytical skills and experience managing budgets. Be sure to highlight your understanding of cloud platforms and any cost-saving strategies you successfully implemented.

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How do you ensure compliance with financial policies in cloud operations?

Discuss your approach to adhering to internal policies and compliance requirements. You can include examples of frameworks you have established, your methods for monitoring compliance, and how you educate teams about these policies.

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What strategies do you employ to optimize cloud spending?

Share concrete examples of strategies you've implemented, such as resource rightsizing, autoscaling, or leveraging reserved pricing options. Emphasize your analytical capabilities in identifying and eliminating wasteful spending.

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Describe your experience in negotiating cloud contracts.

Talk about the negotiation techniques you utilize, such as focusing on cost savings and service-level agreements. Share specific outcomes from past negotiations that demonstrate your effectiveness.

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How do you collaborate with technical teams to align financial goals?

Explain your collaborative approach, emphasizing clear communication and the development of shared goals. Provide examples of successful projects where you partnered with technical teams to implement cost management practices.

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What FinOps tools have you used, and how do they benefit your work?

Detail your experience with tools like CloudHealth or Apptio. Discuss how these tools help in monitoring spending, providing insights, and maintaining cost transparency across cloud environments.

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How do you approach forecasting cloud costs?

Describe your process for developing financial forecasts based on historical data, usage patterns, and organizational objectives. Highlight any tools or methodologies you use to enhance the accuracy of your forecasts.

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What metrics do you track to assess cloud financial performance?

Discuss the key metrics you track, such as cost per service, cost per application, and overall cloud spend against budget. Explain how you use these metrics to provide actionable insights to leadership.

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Can you provide an example of a successful cost optimization project?

Share a specific example of a cost optimization initiative you led, outlining the challenges faced, the strategies implemented, and the quantifiable results achieved. This showcases your skills in driving financial efficiency.

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What do you believe are the biggest challenges in cloud financial management?

Identify challenges such as managing costs across multi-cloud environments or reconciling unexpected spending spikes. Discuss your strategies for overcoming these challenges and ensuring financial accountability.

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DeepSource is a code review tool that allows developers to check for bug risks, anti-patterns, performance issues and security flaws. The company is headquartered in California.

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Full-time, remote
DATE POSTED
December 25, 2024

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