FinOps Cloud Asset Manager

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Cloud Asset Manager is a crucial professional in the Information Technology industry, responsible for overseeing a company's cloud-based financial assets. The primary focus of a FinOps Cloud Asset Manager job description includes efficient use of cloud resources, cost optimization, and financial management of digital assets. They help businesses make the most of their cloud infrastructure while minimizing expenses and maximizing returns.

Key duties of a FinOps Cloud Asset Manager involve monitoring cloud usage, identifying cost-saving opportunities, and ensuring that the organization adheres to budgets and financial goals. They also perform regular audits to guarantee compliance with industry regulations and best practices. Equipped with a strong understanding of cloud technologies and financial management, they work closely with other IT specialists and finance teams to optimize cloud expenses and overall profitability.

To excel in this role, a FinOps Cloud Asset Manager must possess excellent analytical and problem-solving skills, as well as the ability to communicate complex concepts clearly to various stakeholders. They should also stay up-to-date with industry trends and advancements in cloud computing.

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Job Duties and Responsibilities

  • Overseeing and managing cloud-based assets, like software and hardware, ensuring they run smoothly and efficiently
  • Analyzing and optimizing expenses related to cloud infrastructure, working towards cost reduction and financial efficiency
  • Collaborating with the IT team to design and implement a comprehensive cloud management strategy, supporting scalability and growth
  • Identifying, monitoring, and reporting on key performance indicators (KPIs) related to cloud infrastructure usage and costs
  • Ensuring compliance with relevant industry regulations, security standards, and company policies surrounding cloud asset use
  • Keeping up-to-date on the latest industry trends, best practices, and technology offerings in the cloud computing space
  • Facilitating communication between different departments, like operations, finance, and IT, to maintain visibility and alignment on cloud asset management goals
  • Developing and implementing training resources and documentation for staff on key cloud asset management processes and tools
  • Troubleshooting and resolving technical issues related to cloud asset deployment, configuration, and usage as needed
  • Continuously evaluating and refining cloud asset management strategies to drive continuous improvement and better support business objectives

Experience and Education Requirements

A FinOps Cloud Asset Manager needs a bachelor's degree in a field like computer science, IT, or finance. They should also have knowledge about cloud computing, program languages, and software tools. Several years of experience working in IT, finance, or cloud management is necessary. Professional certifications, like FinOps Certified Practitioner, can help them stand out. Skills in problem-solving, communication, and teamwork are essential for this job. They must be good at managing budgets, understanding contracts, and making cost-effective choices. Overall, a mix of education, technical skills, and relevant experience will help in landing this role.

Salary Range

The FinOps Cloud Asset Manager salary range in the United States typically falls between $90,000 and $150,000, depending on factors such as experience, location, and company size. These professionals are responsible for managing and optimizing the costs of cloud services in a company's IT infrastructure. In countries outside of the United States, the average salary for this role varies. For example, in the United Kingdom, a FinOps Cloud Asset Manager can expect to earn an average of £60,000 per year, while in Canada, the average salary is around CAD 100,000 annually.

Sources: 

  1. https://www.glassdoor.com/Salaries/cloud-asset-manager-salary-SRCH_KO0,18.htm
  2. https://www.payscale.com/research/UK/Job=CloudAssetManager/Salary
  3. https://www.payscale.com/research/CA/Job=CloudAssetManager/Salary

Career Outlook

The future looks bright for FinOps Cloud Asset Managers in the Information Technology industry. With companies increasingly using cloud services, there is a growing demand for experts in managing finances and assets in the cloud. This includes tracking spending and reducing costs. Over the next 5 years, this job role is expected to grow rapidly. This growth is because businesses are realizing the importance of having skilled FinOps Cloud Asset Managers on their team. In short, choosing this career path is a smart move as it offers a secure and rewarding future.

Sources:

  1. https://www.finops.org/what-is-finops
  2. https://cloudcomputing-news.net/news/2020/feb/28/skill-up-in-cloud-management-or-risk-being-left-by-the-wayside-study-warns/

Frequently Asked Questions (FAQ)

Q: What does a FinOps Cloud Asset Manager do?

A: They manage and optimize financial resources and cloud infrastructure, reducing costs and ensuring efficient usage of cloud computing services.

Q: Is this role technical or financial?

A: It's a mix of both, requiring technical knowledge of cloud services and understanding of financial management and cost control.

Q: Do they work with software developers?

A: Yes, they collaborate with developers, engineers, and finance teams to optimize cloud usage and expenses.

Q: How can they reduce cloud spending?

A: They analyze usage patterns, recommend cost-effective solutions, negotiate contracts, and implement cloud governance policies.

Q: What skills are needed for this role?

A: Strong analytical, communication and problem-solving skills, cloud computing knowledge, and financial management experience.


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