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Budget Analyst

2 months ago

Hanover, United States Infojini Full time
Job DescriptionJob Description

Key Responsibilities:

· Review and analyze IT budgets from all modals to identify expenditure patterns, allocations, and cost centers.
· Gather financial data related to IT expenditures and investments from various 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 management and stakeholders.
· Forecast future IT budget needs based on 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 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.