Information Technology Financial Analyst

Client is part of an A-rated global insurance carrier with a 100-year history.

The IT Financial Analyst will play a crucial role in analyzing and managing the financial aspects of the IT department. Provide accurate and insightful financial analysis, budgeting, forecasting, and cost control for IT projects and initiatives.

Responsibilities:

• Collaborate with cross-functional teams to gather financial data, ensuring accuracy and consistency in financial reporting.
• Identify opportunities for cost optimization and efficiency improvements within the IT department, making recommendations for process enhancements.
• Prepare financial reports and presentations, providing key insights and recommendations to senior management and stakeholders.
• Perform comprehensive financial analysis of IT projects, including cost estimation, ROI assessment, and financial impact evaluation.
• Assist in developing IT budget plans and forecasts, ensuring accurate allocation and utilization of resources.
• Collaborate with IT managers and stakeholders to develop project budgets and forecasts, ensuring alignment with strategic goals and objectives.
• Monitor and analyze actual project costs and performance against budgeted amounts, identifying and reporting on variances.
• Develop and maintain financial models to evaluate the financial feasibility and profitability of IT initiatives.
• Conduct cost-benefit analyses to support investment decisions and prioritize IT projects based on financial viability.
• Stay updated on industry trends, best practices, and regulatory requirements related to IT financial management.

Qualifications:

• Strong attention to detail and accuracy in financial reporting.
• Proficiency in financial software and tools, such as Excel, ERP systems, and financial management applications.
• Strong financial analysis skills, with the ability to analyze complex data and draw meaningful conclusions.
• Advanced knowledge of financial principles, budgeting, and cost control.
• Excellent analytical and problem-solving abilities.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.
• Proficiency in financial modeling and forecasting techniques.
• Familiarity with IT project management methodologies and ITIL practices is advantageous.
• Bachelor's degree in Finance, Accounting, or a related field
• Effective communication and presentation skills, with the ability to convey financial information to both technical and nontechnical stakeholders.
• Proven experience as a Financial Analyst, preferably in an IT or technology focused environment.