Senior Procurement Strategy Partner, FinOps & AI Innovation - Arlington, VA
CoStar Group · United States · 3d ago
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Job Description
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Overview
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces, and 3D digital twin technology. Included in the S&P 500 Index, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We’ve continually refined, transformed, and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
About the Role
CoStar Group is seeking a highly analytical and forward-thinking procurement professional to serve as a strategic partner focused on technology spend management, FinOps, vendor optimization, and AI-enabled procurement transformation.
This role will act as a subject matter expert supporting the modernization of procurement processes, driving cost optimization across technology investments, and identifying opportunities to leverage artificial intelligence and automation to improve efficiency, visibility, and decision-making.
The ideal candidate combines extensive technical knowledge and operations experience with a passion for innovation and continuous improvement.
This position is located in Arlington, Virginia and is in office Monday through Friday.
Key Responsibilities
Technology Procurement & Strategic Sourcing
- Partner with business leaders, Finance, IT, Security, and Legal to support sourcing and procurement activities for technology-related spend.
- Assist vendor evaluations, RFPs, contract negotiations, and supplier management activities.
- Analyze technology expenditures and identify opportunities to reduce costs while maintaining service quality.
- Support enterprise software, SaaS, cloud infrastructure, telecommunications, and professional services procurement initiatives.
- Establish and maintain vendor performance metrics and scorecards.
FinOps & Spend Optimization
- Partner with Finance and Technology teams to improve visibility into cloud and technology spending.
- Monitor usage trends and identify cost-saving opportunities across software, infrastructure, and technology services.
- Develop reporting and business insights that support budgeting, forecasting, and investment decisions.
- Assist in the development of governance processes related to cloud and technology spend.
- Support initiatives focused on improving the financial efficiency of technology investments.
- Evaluate emerging AI-enabled procurement solutions and recommend opportunities for adoption.
- Drive automation initiatives that streamline sourcing, contracting, supplier onboarding, and spend analytics processes.
- Leverage AI tools to improve procurement workflows, reporting, and decision support.
- Partner with stakeholders to identify repetitive or manual processes that can be enhanced through automation and intelligent technologies.
- Stay current on industry trends related to procurement technology, generative AI, machine learning, and digital transformation.
- Identify opportunities to improve procurement policies, workflows, and stakeholder experience.
- Develop recommendations that reduce cycle times and eliminate administrative burden.
- Create dashboards, metrics, and reporting that provide actionable insights to leadership.
- Support change management and adoption efforts associated with new procurement technologies.
- Drive continuous improvement initiatives across procurement operations.
- Influence stakeholders through data-driven recommendations and business case development.
- Collaborate across Finance, Procurement, Technology, Security, and Operations teams to drive enterprise-wide improvements.
- Support strategic initiatives involving cost management, vendor rationalization, and operational efficiency.
Basic Qualifications
- Bachelor's degree in Business, Finance, Information Systems, Economics, or a related field from an accredited, not-for-profit, in-person University or College.
- 5+ years of experience in operations, FinOps, or spend management.
- Strong analytical and financial modeling capabilities.
- Strong communication and stakeholder management skills.
- Ability to independently lead cross-functional initiatives and influence outcomes.
- Experience supporting cloud financial management or FinOps initiatives.
- Experience leading AI initiatives.
- Knowledge of AWS, Azure, Google Cloud, or other cloud environments. Large metered or usage-based (DataDog, DataBricks, Confluent, Tokenomics)
Preferred Qualifications
- Experience implementing procurement automation or AI-enabled solutions.
- Familiarity with spend analytics, supplier management, and procurement performance metrics.
- Experience negotiating technology and software agreements.
- Experience working with procurement technologies, spend analytics tools, or ERP platforms.
- Professional certifications such as:
- CPSM
- CSCP
- PMP
- FinOps Certified Practitioner
- Experience in a high-growth, technology-driven public company.
What’s in it for you?
When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training and tuition reimbursement.
Our benefits package includes (but is not limited to):
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
- Life, legal, and supplementary insurance
- Virtual and in-person mental health counseling services for individuals and family
- Commuter and parking benefits
- 401(K) retirement plan with matching contributions
- Employee stock purchase plan
- Paid time off
- Tuition reimbursement
- On-site fitness center and/or reimbursed fitness center membership costs (location dependent)
- Access to CoStar Group’s Employee Resource Groups
- Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing.
The final salary or hourly rate offered for this role will fall within the range set forth below based on a variety of factors, including but not limited to, geographic location, skills, and competencies.
Base Compensation: $116,000.00 - $158,000.00 Annually
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing