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Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. We are dedicated to providing innovative financial services and guidance to the world's most successful individuals, families, and institutions, grounded in our enduring principles of service, expertise, and integrity.
With over 130 years of financial experience and a workforce exceeding 22,000 partners, we serve the world's most sophisticated clients through leading technology and exceptional service.
Position OverviewThe Strategic Financial Analyst for Strategic Spending in Technology plays a crucial role in conducting various analyses that support productivity, strategic technology investments, workforce optimization, and cost transparency within the technology sector.
This position involves assisting in the design and implementation of processes and reporting mechanisms aimed at rationalizing the growth of technology expenditures.
Key Responsibilities- Identify and articulate the drivers of technology spending, analyzing the current state and projecting future trends based on these drivers.
- Conduct analysis and reporting on productivity initiatives across the Technology division.
- Utilize data analytics in conjunction with financial analysis to create narratives supported by data.
- Assist in the design and implementation of vendor management strategies, including spend and contract analysis.
- Evaluate and refine the Total Cost of Ownership (TCO) model in Apptio, conducting analyses to outline the roadmap.
- Guide partners through investment analyses and the development of business cases for significant IT projects, particularly those involving transitions from legacy systems to modern, cloud-based platforms.
- Engage in ad hoc analyses and strategic initiatives that impact both finance and technology organizations.
The ideal candidate will possess:
- A minimum of 3 years of relevant experience, with a focus on accounting, finance, reporting, forecasting, and analysis.
- A strong foundation in accounting principles and financial analysis, typically acquired through an advanced degree or equivalent experience.
- Analytical and problem-solving skills necessary for evaluating financial data.
- A comprehensive understanding of technology functions, including application development, support, and infrastructure.
- Proficiency in data elements and analysis.
- Effective written and verbal communication skills to present pertinent information to senior management.
- Strong computer skills, particularly in Excel, PowerPoint, Word, and financial systems; familiarity with SQL, Power BI, Python, and ETL automation software is advantageous.
At Northern Trust, we foster a flexible and collaborative work culture where financial strength and stability empower us to explore innovative ideas. We encourage movement within the organization, ensuring accessibility to senior leaders, and pride ourselves on our commitment to community service.
We value an inclusive workplace and recognize that flexibility means different things to different individuals. We look forward to learning more about how your interests and experiences align with our values.
