IT Financial Analyst

Position Summary

The Financial Analyst – Information Systems (IS) is responsible for leading the IS annual budget process, managing the monthly financial close cycle, and overseeing 250+ ongoing hardware and software maintenance contracts. This role partners closely with IS leadership to ensure financial transparency, compliance, and data-driven decision-making. The ideal candidate is detail-oriented, analytical, and skilled at navigating both financial and technical aspects of a large IT organization.

Key Responsibilities

Budgeting & Financial Management

• Lead the development of annual IS capital and operating budgets in collaboration with IS leadership.

• Serve as the primary contact for all technology-related expenses (capital & operational).

• Provide monthly financial analysis, reporting, and variance tracking.

• Investigate and resolve budget discrepancies throughout the close cycle.

Financial Controls & Policy

• Define and implement financial policies and procedures across IS departments.

• Ensure compliance with corporate financial processes (AP, GL, purchasing, budgeting).

• Partner with Finance (Budget Management, Fixed Assets, AP/AR, Reporting).

Contract & Vendor Management

• Oversee 250+ hardware/software maintenance contracts, ensuring timely renewals.

• Maintain annual contract budget files, review accuracy, and identify cost savings.

• Support vendor contract negotiations and optimize IT spend.

Procurement & Asset Management Support

• Assist IS Procurement Specialist with the Ariba procurement platform.

• Troubleshoot procurement issues and provide corrective actions.

• Serve as backup for procurement and IT asset management functions.

Strategic Support & Governance

• Evaluate project funding requests for alignment with strategic IS goals.

• Ensure proper accounting standards for capital vs. expense categorization.

• Contribute to IS portfolio management and prioritization.

Reporting & Communication

• Prepare executive-level financial reports, dashboards, and presentations for CIO, CFO, and senior leaders.

• Drive adoption of financial management tools and reporting systems.

Minimum Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.

• Strong knowledge of financial processes (purchasing, AP, GL, payroll, budgeting).

• Excellent analytical, organizational, and problem-solving skills.

• Strong interpersonal and communication abilities.

• Ability to work independently and cross-functionally.

Preferred Qualifications

• Experience in project or budget management.

• Knowledge of system documentation and process mapping.

• Exposure to Ariba or similar procurement platforms.

• Familiarity with software licensing and compliance.

• Prior experience in corporate IS or IT finance.