Manager IT budgeting and Financial planning

Role Overview The Manager of IT Budget and Financial Planning is responsible for overseeing the financial management budget planning and forecasting activities of the IT department This role ensures that IT financial operations align with the strategic objectives of the organization and supports costeffective technology investments Key Responsibilities Budget Development and Management Lead the preparation development and management of the IT departments annual budget ensuring alignment with strategic plans Collaborate with IT leaders to identify financial needs for technology projects and operational expenses Monitor and track IT budget performance conducting variance analysis and recommending corrective actions as needed Financial Planning and Analysis Conduct financial modeling longterm planning and scenario analysis to support decisionmaking for IT investments Analyze historical financial data and key performance indicators to provide insights into IT financial trends Prepare detailed financial reports dashboards and presentations for senior management to communicate financial status and budget forecasts Cost Management and Optimization Identify opportunities for cost savings and process improvements within the IT budget Collaborate with procurement and vendor management teams to negotiate contracts and optimize IT spend Implement financial best practices to ensure costefficiency in technology sourcing and usage Compliance and Financial Controls Ensure adherence to financial policies accounting principles and regulatory requirements Establish and maintain robust financial controls to mitigate risk and enhance audit readiness Partner with finance and accounting teams to manage financial audits related to IT budget activities Crossfunctional Collaboration Work closely with crossfunctional teams including finance procurement and project management to coordinate budgeting and financial planning efforts Support IT project managers with budget tracking and financial analysis for ongoing and upcoming projects Act as a liaison between IT and finance departments to streamline processes and ensure cohesive financial practices Strategic Contributions Contribute to the development of IT financial strategies that support the growth and scalability of the organization Provide insights and recommendations on costbenefit analysis for IT investments and strategic initiatives Assist in evaluating the financial impact of IT strategies mergers and acquisitions Qualifications Bachelors degree in Finance Accounting Business Administration or a related field MBA preferred Minimum of 57 years of experience in financial management budgeting and planning within an IT environment Strong proficiency in financial modeling forecasting tools and budget management software Excellent analytical skills and the ability to interpret complex financial data Strong understanding of IT operations infrastructure and project lifecycle Exceptional communication and presentation skills with the ability to engage with senior management Experience in cost optimization and IT procurement is a plus Advanced knowledge of Excel and familiarity with financial reporting systems e g SAP Oracle Professional certifications such as CPA CMA or CFM are advantageous Key Competencies Attention to detail and accuracy in financial reporting Strategic thinking and problemsolving capabilities Leadership skills and the ability to manage and mentor teams Strong organizational and multitasking abilities Collaborative and proactive approach to work