Sr. Financial Analyst, IT

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.).