Budget Analyst

1 month ago

Hanover, United States Infojini Inc Full time

Key Responsibilities:


 Review and analyze IT budgets from all MDOT modals to identify expenditure patterns, allocations, and cost centers.

 Gather financial data related to IT expenditures and investments from various MDOT modes and obtain budgetary information from relevant departments and stakeholders.

 Analyze IT costs to identify areas for optimization and cost savings and evaluate the efficiency of current spending to recommend improvements.

 Prepare detailed reports and documentation on IT budget analysis findings and communicate budget analysis results to MDOT management and stakeholders.

 Forecast future IT budget needs based on MDOT’s business goals and growth projections and develop budget planning scenarios and financial models.

 Assist in the preparation of IT budget proposals and presentations, providing data-driven recommendations for budget allocations.

 Assess financial risks related to IT budgeting and spending and propose strategies for financial contingency planning to mitigate risks.

 Review vendor contracts and agreements to ensure alignment with budgetary goals and negotiate pricing and terms to optimize IT spending.

 Provide expert advice and consultation on financial matters related to IT budgeting and collaborate with IT leadership to align budgeting strategies with MDOT’s organizational objectives.

 Ensure compliance with financial regulations and organizational policies and implement governance frameworks to monitor and control IT spending.

 Recommend continuous improvement initiatives for IT financial management and stay updated on industry trends and best practices in IT budget analysis.


Qualifications:


 Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA or relevant professional certification (e.g., CFA, CPA) preferred.

 Minimum of 5 years of experience in financial analysis, budgeting, or a related role, with a focus on IT budgeting and financial management.

 Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.

 Excellent communication and presentation skills, with the ability to convey financial information to non-financial stakeholders.

 Proficiency in financial modeling, forecasting, and budget planning tools.

 Experience with vendor contract negotiation and management.

 Knowledge of financial regulations, compliance requirements, and governance frameworks.

 Ability to work collaboratively with cross-functional teams and stakeholders.

 Strong attention to detail and a commitment to continuous improvement.

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