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Principal Specialist – Technology Sourcing Lead
PayNet (Payments Network Malaysia)Kuala Lumpur, Kuala Lumpur, Malaysia3 days ago
Job descriptionIdentify cost‑saving opportunities, cost avoidance strategies, and enhance financial discipline across the Technology Division. Collaborate with IT managers to align technology stack lifecycle planning with financial projections. Perform financial forecasting and variance analysis between budget and actuals, investigating discrepancies and implementing corrective actions. Drive strategic procurement planning, including contract renewal timelines and procurement pipeline forecasting. Partner with Finance to ensure proper accounting code usage, compliance with financial standards, and zero audit findings. Provide insights and recommendations to optimise IT spend and improve long‑term budget predictability. Enhance financial reporting dashboards for real‑time visibility into spending trends. Sourcing Operations & Compliance (50%) Ensure complete compliance with procurement policies and finance practices with zero tolerance for audit deviations. Maintain accurate tracking of vendor contracts, licence agreements, renewals, and service levels. Monitor vendor adherence to SLAs, conduct performance reviews with IT stakeholders and Procurement, and recommend blacklisting where necessary. Manage contract renewals proactively to avoid service disruptions and negotiate commercial terms tactfully to achieve optimal value. Maintain organised sourcing records and procurement documentation to support transparent audit trails. Continuously enhance sourcing processes and automate routine operations to increase team efficiency. Team Leadership Promote a culture of accountability, continuous improvement, and cross‑functional collaboration. Train and guide the team on best practices in IT procurement, cost control, and policy compliance. Bachelor's degree in Information Technology, Finance, Business Administration, or equivalent. 5–10 years of experience in a technology‑intensive organization, preferably in the financial services sector. Expertise in technology procurement, vendor management, and financial planning. Strong understanding of IT operations, infrastructure, security, and lifecycle management. Proven track record in budgeting, cost control, and vendor negotiations. Advanced skills in Excel and familiarity with procurement tools (e.g., SAP, Coupa, Ariba). Proficient in cost modelling, financial dashboards, and spend analysis. Deep knowledge of procurement governance, contract law, and audit compliance requirements. Commercial sensitivity and insight, strong communication and negotiation ability, strong stakeholder management. Strong project management ability and method, excellent organisation and coordination ability, and excellent project / initiative delivery. Excellent negotiation, communication, and stakeholder management skills. Strategic thinker with strong problem‑solving and analytical abilities. High level of integrity, attention to detail, and organisational discipline. Fluency in English is required; other languages are a plus.
Principal Specialist – Technology Sourcing Lead
Join PayNet (Payments Network Malaysia) as a Principal Specialist – Technology Sourcing Lead. This role plays a strategic and operational leadership role within the Technology Division, responsible for the end‑to‑end sourcing lifecycle, technology budget oversight, and cost optimisation. You will ensure financial accuracy, vendor performance, and full compliance with procurement and audit policies, acting as a bridge between Finance, Procurement, and IT stakeholders to ensure fiscal discipline and timely delivery of sourcing needs.
Key Areas of Responsibilities
- Strategic Sourcing and Financial Management (50%)
Lead the annual technology budgeting cycle, driving year‑over‑year improvements in accuracy and accountability.
Oversee daily operations for procurement, PO issuance, invoice tracking, payment processing, and resolve budget‑related issues promptly.
Manage and coach a team of 2 to 3 sourcing professionals.
Qualifications
Minimum Requirements
Technical Skills
Soft Skills
Seniority level : Mid‑Senior level
Employment type : Full‑time
Job function : Project Management and Information Technology
Location : Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
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Sourcing Specialist • Kuala Lumpur, Kuala Lumpur, Malaysia
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