IT Financial Analyst Job Description
IT Financial Analyst Duties & Responsibilities
To write an effective IT financial analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included IT financial analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
IT Financial Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for IT Financial Analyst
List any licenses or certifications required by the position: CPA, ITIL, PM, MBA, CMA, PMP, PMI, CBAP, CCBA, CIA
Education for IT Financial Analyst
Typically a job would require a certain level of education.
Employers hiring for the IT financial analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, Business/Administration, Education, Information Technology, MBA, Information Systems, Computer Science
Skills for IT Financial Analyst
Desired skills for IT financial analyst include:
Desired experience for IT financial analyst includes:
IT Financial Analyst Examples
IT Financial Analyst Job Description
- Partner, facilitate, and support IT functions related to Service Level Agreement (SLA) billings, Vendor Service Billings, Performance Metrics, and lead cost saving initiatives by collaboratively working with key business and IT leaders
- Ensure data integrity of all IT Infrastructure allocations
- Work with IT technical resources to develop policies, procedures and systems to support IT cost accounting
- Execute processes and policies that ensure fair and accurate accounting, financial practices and reporting
- Monitor monthly performance against budget, estimates and prior years
- Perform and track cost/benefit analysis for Capital Acquisitions and other IT expense projects
- Manage and lead IT Infrastructure annual planning, budgeting processes and headcount formulation
- Ensure operational data synchronization with financial statements while ensuring overall data integrity
- Develop, implement and track unit key indicators within Technology in partnership with IT Management
- Initiate, drive and implement those activities that improve the overall financial reporting and analysis of supporting areas
- Accustomed to working in a highly-matrixed organization
- Hardware and software lifecycle management preferred
- Maintain constructive relationships within and outside the group
- Develop proactive finance and analytical tools, including cost models and departmental scorecards
- Participate in on-going departmental process improvements
- 7+ years of Financial Planning and Analysis experience with a background in Technology Financial Analysis budgets and forecasts
IT Financial Analyst Job Description
- Capture and decipher details during team discussions
- Participate in Financial/Infrastructure/Applications workshops in regards to Service Costing
- Document meeting discussion and follow-up on requests
- Perform ad-hoc research, analysis and reporting
- Assist TBMA with current workload and tasks
- Ensures questions and discrepancies about specifications in his/her component of the project, are resolved during the solution development process
- Monitor and coordinate accounting activities as appropriate, and prepare internal reports for management
- Perform variance analyses and prepare other ad hoc analyses as requested
- Provide financial guidance and support to I.T
- Responsible for reviewing, auditing, and processing IT invoices
- Minimum 3-5 years relevant experience in a financial analyst role required
- Five plus years related experience in supporting finance, accounting and decision support in a multi unit environment
- Hyperion Essbase and/or A3 experience desired
- Experience financially supporting the implementation of ERP programs
- Analytical skills for financial modeling and analysis, including chargebacks/showbacks
- Previous experience working with scripting, report building, HTML
IT Financial Analyst Job Description
- Work closely with the Financial Planning & Analysis Manager on various financial analyses and reports
- Ensure invoices, accruals and department allocations of expenses are accurate on a monthly basis
- Provide the Chief Accounting Officer MD&A commentary on a quarterly basis
- Primary Finance support for firm’s Chief Operating Officer and Chief Technology Officer on IT finances and strategy
- Review operating expenses and capital expenditure with department heads
- Create dynamic reports and dashboards that highlight trends and potential red flags for both operating and capitalized spends
- Supporting the IT annual budget and planning process by creating an intake template and reviewing the proposed budget with the IT Leads
- Creating the monthly capitalization reporting and partnering with the company's Finance and the Strategic Integration team
- Partnering with the IT PMO Director to develop a monthly process to report on project financials
- Identifying variances in reports
- 3 or more years of related experience including system design, documentation, maintenance, upgrades and troubleshooting
- 3-6 years of Financial Analysis experience working with discounted cash flow modeling
- BS degree in finance or accounting/MBA preferred
- Strong foundation in Accounting
- Identifying areas for automation within the current financial review process
- Assist in the preparation of the annual Information Technology operating budget
IT Financial Analyst Job Description
- Implement computer systems and modify existing applications based on users' needs and business requirements
- Manage detailed operating expense forecasts
- Analyze variances versus budget, forecast and historical results
- Provide financial oversight of budgets to ensure accuracy, availability, and timeliness of information
- Determines cost of operations by establishing standard costs
- General Ledger reconciliation against IT expense budget/project budget
- Ad Hoc analytic reporting
- Management of consultants supporting financial transactions
- Reporting – prepare high level capital labor, tax, ITASSA, and Franchise reports
- Provide first line support for the users of the financial applications
- Self-motived and results oriented with critical attention to detail and deadlines
- Strong collaborative skills and ability to work within a team
- At least 4+ years of experience in financial planning & analysis or accounting
- Experience in managing technology budgets and projection is a plus
- Providing visibility to actual spend per period and explain variances
- Analyzing financial status by collecting, monitoring, and studying data
IT Financial Analyst Job Description
- Build business partnership with IT PMO and broader Finance teams
- Act as the on-site focal point for all IT problems experienced by the clients in the Calgary branch
- Provide Level 2 Desktop IT support to the clients
- Work with other IT teams to resolve issues and implement new technologies
- Propose optimization solutions to better support the clients
- Participate in the improvement, updating and implementation of the IT politics, procedures and standards and make sure they are respected
- Maintain documentation for all systems, both procedure reports and intervention logs
- Help with analyses for major information technology projects and participate on various activities within these projects
- See to the smooth running and maintenance of applications and systems, in cooperation with contractors
- Ensure the integrity of computerized data and the stability of systems
- Improving financial status by analyzing results
- Ability to gather and analyze complex data to derive and present key insights, potential actions and expected outcomes
- Monitoring and tracking progress on cost savings initiatives across two critical programs
- Providing financial analysis for business cases supporting complex IT vendor contract proposals
- Analyzing and reporting on project management office (PMO) budgets and forecasts of IT labor project demand
- Spearheading full roll out of IT service catalog to lines of business