Cloud Economist/IT Finance

3 weeks ago

Princeton, United States Sierra Solutions Full time

Job Summary

We are looking for a Cloud Economist/IT Finance & Support Analyst for our Pharmaceutical client.

Primary Responsibilities

IT Finance & Support Analyst:

  • Produce and manage annual budget & quarterly forecasts for I&H IT business areas
  • Track and report monthly accruals
  • Track and report against I&H IT business areas and rollup levels, by various categories
  • Create and manage Purchase Orders in Ariba
  • Escalate issues related to procurement/ expenses as needed to appropriate party
  • Review SOWs/ Quotes and ensure proper approval process is followed and efficient
  • Track contract end dates and ensure renewals are completed in advance of expirations (e.g., MSAs, SOWs, SLAs, software renewals, etc.)
  • Provide procurement related reporting
  • Approve invoices and track expenses against budgets/ forecasts
  • Ensure invoice matches expected spend prior to approval and issues are escalated
  • Capital Requests and Tracking
  • Depreciation tracking
  • Close capital requests as completed
  • Manage Equipment recycling and coordinate pickup


Cloud Economist:

  • Develop Show Back, Charge Back, Cost Allocation, and budget forecast models related to Cloud utilization and consumption utilizing tools such as CloudHealth for multi-cloud environment
  • Reporting to business application owners the monthly cloud computing services consumption costs that will be used for show-back/charge back to the respective line of business/cost centers
  • Identify cost optimization opportunities and partner with cloud architects and application leads to resolve/solution and implement
  • Develop business reviews and presentation materials for “C” level and senior management team regarding spend, growth, progress, and roadblocks on Total Cost of Ownership (TCO) topics
  • Review and update tagging guidelines to ensure appropriate categorization of costs
  • Define metrics and guardrails to identify opportunities and optimize cost performance
  • Define requirements for alerting when costs are higher than expected within a billing cycle
  • Develop and administer Power BI reporting/tracking of all TCO/economic-related activities
  • Report on project costs and product cost
  • Development of Saving Plan, Reserve Instance, on-demand, and spot instance strategy and guidelines across multiple services
  • Coordinates and consolidates efforts working closely with colleagues from FP&A, Strategic Sourcing, Infrastructure & Hosting and relevant areas of the business
  • Development Cost Allocation Models for Shared Services
  • Develop and manage Cloud Compute cost forecasts for business application owners to support the annual budgeting process
  • Support TCO Cost Estimating processes and KPI metrics

Education and Experience

  • Bachelor’s degree in finance, business or a related field or equivalent work experience
  • Master’s or Bachelor’s degree in computer science or engineering related field or equivalent work experience
  • Minimum of 2 years experience in IT financial management
  • Minimum of 1 years experience utilizing CloudHealth software
  • Strong working knowledge of Ariba
  • Knowledge of Procure To Pay (PTP) and Finance work
  • Excellent verbal and written communication skills with great attention to detail and accuracy
  • Experience in financial modeling and analysis of large scale IT infrastructure, application and/or service investments
  • Microsoft Excel and Power BI understanding and experience
  • Report Generation/Automation skills and insight is a plus
  • Understands Cloud computing technologies (AWS/OCI/Azure) and can anticipate workload transition challenges
  • Experience supporting and preparing analysis for a multi-Cloud environment
  • Willingness to research and self-study to keep technical skills relevant in a highly complex environment
  • Ability to take charge of a project and see it through until completion
  • Innovative and ability to think outside the box for creative problem solving
  • Comfortable working in cross-functional and multidisciplinary teams
  • Ability to work independently and as part of a team
  • Ability to multitask and prioritize deadlines
  • Experience in building and operating financial control and analysis systems (cloud cost analysis, show-back, and chargeback)
  • Ability to report on financial data
  • Experience understanding how cloud resources are tagged
  • Experience using tools to perform billbacks and show-backs
  • Experience providing suggestions about cost optimizations
  • Experience reporting to individual application owners or IT on cost savings ideas

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