FinOps Engineer – AWS

Job Title: SSE Primary Skill: AWS FinOps Location: Hyderabad Mode of Work: Work From Office Experience: 5+ years About the Job : As an AWS FinOps Engineer, you will play a pivotal role in optimizing our cloud costs and ensuring effective financial operations within our AWS environment. This hands-on technical role is dedicated to managing, monitoring, and optimizing our AWS infrastructure, utilizing Python coding, DevOps skills, and collaboration with FinOps consultants to gather and configure FinOps reports from various sources. Know your team: At ValueMomentum’s Engineering Center , we are a team of passionate engineers who thrive on tackling complex business challenges with innovative solutions while transforming the P&C insurance value chain. We achieve this through strong engineering foundation and continuously refining our processes, methodologies, tools, agile delivery teams, and core engineering archetypes. Our core expertise lies in six key areas: Cloud Engineering, Application Engineering, Data Engineering, Core Engineering, Quality Engineering, and Domain expertise. Join a team that invests in your growth. Our Infinity Program empowers you to build your career with role-specific skill development leveraging immersive learning platforms. You’ll have the opportunity to showcase your talents by contributing to impactful projects. Responsibilities: Following are the day-to-day work activities: Develop and implement a comprehensive AWS cost optimization strategy in collaboration with cross-functional teams. Continuously monitor AWS resource utilization, identifying cost-saving opportunities, and implementing optimization measures through automation and Python scripting. Create and maintain cost allocation and classification strategies to accurately track and allocate AWS costs across various departments and projects. Work closely with AWS services such as AWS Cost Explorer, AWS Trusted Advisor, and AWS Budgets to analyze cost and usage data, automating data retrieval and processing where possible. Define and track AWS-specific financial KPIs, regularly reporting on cost performance and identifying areas for improvement. Implement and manage AWS-specific cost governance practices and policies to align with organizational objectives. Collaborate with DevOps teams to leverage Infrastructure as Code (IaC) and automation tools like AWS CloudFormation and AWS CDK to optimize AWS resource provisioning. Develop custom scripts and automation using Python, AWS SDKs, AWS CLI, and IaC to automate cost management tasks. Collaborate closely with FinOps consultants to gather data and configure FinOps reports from various sources, including AWS and other financial systems. Collaborate with finance and procurement teams to ensure accurate and timely AWS billing and invoicing. Provide cost optimization recommendations based on AWS best practices, industry benchmarks, and report insights. Participate in AWS billing and contract negotiations to secure favorable terms and pricing. Stay updated on AWS pricing models, services, and features to proactively identify opportunities for cost savings. Conduct AWS cost and usage analysis for different projects and departments, providing insights and recommendations. Assist in the development of reports and dashboards for AWS cost and usage tracking. Requirements: Bachelor’s degree in computer science, Engineering, or a related field. 3+ years of hands-on experience in managing AWS infrastructure and cloud cost optimization. Strong knowledge of AWS services, pricing models, and cost management tools. Proficiency in Python scripting and automation using AWS SDKs, AWS CLI, and Infrastructure as Code (IaC) tools. Experience with AWS Cost Explorer, AWS Trusted Advisor, AWS Budgets, and similar cost analysis tools. Solid understanding of AWS billing, invoicing, and financial reporting. DevOps skills and familiarity with DevOps methodologies and tools. Ability to collaborate effectively with cross-functional teams, including DevOps, finance, and procurement. Strong analytical skills to identify and prioritize cost optimization opportunities. Excellent communication skills to convey cost optimization recommendations and insights to various stakeholders. Proactive, detail-oriented, and self-motivated, with a focus on achieving cost-efficiency goals within AWS. Excellent leadership, communication, and team management skills, capable of steering project direction and mentoring team members. Good to Have:  Insurance domain knowledge. Deep understanding of a broad range of AWS services (EC2, S3, Lambda, etc.) and their pricing models. Experience with cost optimization techniques for AWS services like reserved instances, spot instances, and Savings Plans. Proficiency with AWS cost management tools like Cost Explorer, Budgets, and Trusted Advisor. Working knowledge of AWS CloudFormation or other infrastructure as code (IaC) tools for managing and optimizing cloud resource provisioning. Knowledge on Document management and generation systems/applications. AWS certification (e.g., AWS Certified Solutions Architect, AWS Certified DevOps Engineer) is a plus.