IT Financial Analyst

This is a fully remote position, open to applicants in United States, +4 more countries.

📋 Description

• Offer financial and administrative assistance to the IT department.

• Conduct financial analysis, budgeting, forecasting, purchasing administration, invoice and accounting management, contract and renewal oversight, telecommunications expense management, and capital expenditure supervision.

• Collaborate with IT stakeholders, project managers, Finance, Accounts Payable, Sourcing, Legal, and suppliers.

• Generate, submit, monitor, and manage IT purchase requisitions and purchase orders.

• Oversee open purchase orders, committed expenditures, renewal timelines, expiring services, aged invoices, supplier billing issues, and purchasing risks.

• Assist in software and subscription purchases by verifying license counts, renewal terms, contracts, compliance requirements, approvals, and financial treatment.

• Process vendor invoices and address discrepancies, missing invoices, payment issues, billing concerns, and purchase order matching problems.

• Prepare monthly expense forecasts and spending reports, including variance analysis.

• Aid in monthly and quarterly closing activities, encompassing accruals, expense timing, cross-charges, allocations, and reconciliations.

• Contribute to annual financial planning and budgeting.

• Track capital expenditures, verify in-service dates, assist with capitalization decisions, manage capital documentation, and complete project closure processes.

• Oversee IT supplier contracts, leases, maintenance agreements, service agreements, software subscriptions, equipment purchases, and renewals.

• Assist in managing telecommunications and network expenses.

• Provide status updates to IT leadership and stakeholders regarding orders, forecasts, commitments, invoices, renewals, contract risks, and budget variances.

⛳️ Requirements

• Bachelor’s degree in Finance, Accounting, Supply Chain, Business Administration, Information Technology, or a related discipline, or equivalent professional experience.

• Over 5 years of experience in financial planning, forecasting, purchasing administration, supplier invoice management, contract administration, budgeting, or financial analysis.

• Experience supporting an IT organization is highly preferred.

• Background as a buyer, purchasing analyst, procurement coordinator, financial analyst, contract administrator, or similar role related to technology supplier expenditures.

• Proficient with SAP ERP or comparable enterprise purchasing and finance systems.

• Advanced proficiency in Microsoft Excel and Microsoft Office.

• Practical experience with IT Service Management platforms.

• Familiarity with IT services, infrastructure, software licensing, subscriptions, telecommunications, hardware, supplier relationships, and common IT operational terminology.

• Strong grasp of accounting principles, expense management, capitalization, accruals, cost center allocations, purchase commitments, invoice processing, P&L and balance sheet impacts, and financial controls related to technology expenditures.

• Capability to work effectively in a highly matrixed, global, culturally diverse environment with virtual teams and time zone differences.

• Extended working hours may be necessary.

• Potential travel up to 5% domestically or internationally.

🏝️ Benefits

• Potential travel up to 5% domestically or internationally.

• Equal Opportunity Employer.

• Remote work arrangement.