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 • Bachelor's 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%)