IT Financial Analyst

Role Summary:The IT Financial Analyst Consultant is responsible for supporting the financial management of the IT organization by overseeing budget planning forecasting invoice processing reconciliation cost allocation and financial reporting activities. This role serves as a critical liaison between IT Finance Procurement and external vendors to ensure accurate financial governance timely invoice processing and transparency into technology spending. The consultant will help manage annual operating and capital budgets monitor financial performance track actuals versus forecast maintain financial controls support month-end close activities and provide actionable insights to IT leadership for effective decision-making.

Job Responsibility:

IT Budget Management & Forecasting Develop and maintain annual IT operating expense (OpEx) and capital expense (CapEx) budgets. Prepare monthly quarterly and annual IT financial forecasts. Track actual spending against approved budgets and forecast future spending trends. Identify budget variances and provide recommendations for corrective actions. Support financial planning activities for technology initiatives projects and strategic investments. Collaborate with IT leaders to validate demand resource requirements and budget assumptions. Maintain detailed financial models and forecasting tools. Financial Reconciliation & Reporting Perform monthly financial reconciliations between financial systems invoices purchase orders contracts and IT expense reports. Validate spending against approved budgets and funding sources. Investigate and resolve invoice discrepancies accrual variances and coding errors. Support month-end and year-end financial close processes. Develop financial dashboards KPIs and management reporting for IT leadership. Prepare executive-level summaries highlighting spend commitments risks and forecast accuracy. Invoice Processing & Coding Review and process vendor invoices for accuracy completeness contractual compliance and appropriate approvals. Assign and validate General Ledger (GL) coding cost center allocation project codes and internal order assignments. Collaborate with Accounts Payable and Procurement teams to ensure timely invoice payment. Track invoice status and resolve payment-related issues with vendors. Ensure compliance with company financial policies and controls. Maintain accurate records of invoices purchase orders contracts and supporting documentation. New Position Modified Position Vendor Financial Management Monitor software cloud managed services and technology vendor spending. Reconcile vendor invoices against contracts statements of work and purchase orders. Track committed spend contract utilization and budget impacts. Support renewal planning and financial evaluations of technology contracts. Assist with vendor payment tracking and financial dispute resolution. Governance & Process Improvement Support financial governance reviews and audit activities. Establish and maintain standard operating procedures for IT financial management processes. Identify automation opportunities for forecasting invoice processing and reporting. Continuously improve financial transparency accuracy and efficiency across the IT organization. Support compliance with internal financial controls and corporate policies.

Qualification:

Education Bachelors degree in Finance Accounting Business Administration Information Systems or related field. CPA CMA MBA or equivalent certification preferred. Experience 5 years of experience in financial analysis budgeting accounting or IT financial management. Experience supporting technology organizations or IT portfolios. Experience with budgeting forecasting invoice management and financial reporting. Experience working with cross-functional teams including Finance Procurement and IT leadership. Technical Skills Strong financial modelling and forecasting capabilities. Advanced proficiency in Microsoft Excel. Experience with ERP systems such as SAP Oracle Workday or Microsoft Dynamics. Experience with financial planning tools and reporting platforms. Knowledge of General Ledger structures cost centres internal orders and project accounting. Experience with Power BI or similar reporting tools preferred. Competencies Strong analytical and problem-solving skills. High attention to detail and financial accuracy. Ability to manage multiple priorities in a fast-paced environment. Strong communication and stakeholder management skills. Ability to translate financial data into actionable business insights. Strong organizational and process management capabilities.

PHYSICAL REQUIREMENTS: Ability to facilitate and participate in meetings with global partners during non-standard work hours from time to time. Travel (10% to 15%)