Sr. Financial Analyst, IT (Remote)
The Senior Financial Analyst, IT supports the DBI Information Technology department and collaborates with key stakeholders to manage financial budgets/projections and enhance overall financial oversight. This position plays a crucial role in optimizing financial processes within the IT department while fostering a culture of effective budget management. The Senior Financial Analyst works closely with accounting, procurement, and finance departments to ensure adherence to enterprise processes and frameworks, particularly month-end close and bi-weekly projection processes.
Reports To: Sr Director, IT Administration and Corporate Systems Development
Essential Duties and Responsibilities:
- Manage the annual budget and bi-weekly projection processes for IT expenses and capital expenditures, analyzing and communicating variances to IT and Finance leadership.
- Represent IT in finance leadership ceremonies to provide financial insights, drive the resolution of departmental financial risks and opportunities, and ensure alignment with budget and projection metrics.
- Collaborate with the Accounting department on month-end close and related processes, ensuring accurate capitalization of IT labor and precise tracking of prepaid and accrued IT expenses.
- Work with Accounting, Procurement, and IT Leadership to ensure proper IT project classification and adherence to cloud computing accounting rules.
- Manage the IT purchase order request process, ensuring appropriate categorization/accounting and alignment with financial projections. Manage the month-end purchase order receipt process to ensure appropriate accruals.
- Oversee the IT capital project request/entry process, ensuring alignment with financial projections and cloud computing accounting standards.
- Develop and maintain IT policies, procedures, and standards that align with organizational objectives, enhance operational excellence, and promote effective budget management and continuous improvement within the IT department.
- Shape and manage processes, tools, ceremonies, artifacts, and decision-making frameworks that facilitate the prioritization, sequencing, and financial projection of technology initiatives.
- Develop effective and collaborative relationships with functional business partners, identifying key opportunities, and communicating actionable analysis.
- Provide standard and ad hoc financial analysis and reporting to support effective leadership decision-making.
Required Skills and Competencies:
- IT financial management experience, including the management of departmental budgets and forecasts, as well as familiarity with accounting principles pertaining to capitalization and cloud computing accounting standards.
- Demonstrated relationship management skills with the ability to effectively communicate and collaborate with all levels of personnel.
- Strong consultative skills with the ability to engage with stakeholders on a matrix basis, provide thought leadership, and influence decision-making processes.
- Excellent written, verbal, and presentation skills, including experience creating compelling presentations for various audiences, including the Board of Directors. Experience creating highly visualized reports is also desirable.
- Proficiency in collecting, analyzing, and interpreting data to make informed decisions.
- Ability to facilitate conflict resolution and manage conflicts appropriately while maintaining a positive and collaborative work environment.
- Excellent organizational skills with the ability to work independently and manage multiple assignments simultaneously.
- Action-oriented with a high tolerance for ambiguity, able to adapt to changing situations and drive results.
- Ability to coordinate and lead groups of people with different objectives and backgrounds from multiple functional areas.
- Familiarity with IT project management methodologies and business analysis frameworks.
- Strong analytical and problem-solving skills, able to identify and solve complex problems in a timely and effective manner.
- Excellent Excel/financial modeling skills are required, with at least basic knowledge of PowerPoint and Word.
Qualifications
Experience:
- Minimum of 3-5 years’ work experience in a fast-paced environment, with a focus on accounting and/or financial management.
- Experience in IT financial management and the optimization of related processes preferred.
- Experience in the retail industry preferred.
Preferred Qualifications:
- Knowledge of Oracle Finance/GL packages is valued but not required (Oracle EPM / Smart View, Oracle Fusion ERP).
- Experience with Cloud computing accounting standards
Education:
- Undergraduate (B.S./B.A.) degree is required with a preference for quantitative majors (Accounting, Finance, Economics, etc.).
Nearest Major Market: Columbus
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Cloud, ERP, Financial Analyst, Financial, Database, Technology, Finance