Cost Optimization Analyst Ii

Profile

Cost Optimization Analyst II
The candidate provides insight into and assists in the management of the firm's technology spend, and will create/refine processes and procedures to optimize interaction between IT and finance. Facilitate creation and management of the technology budget, including tracking decisions that will require an increase or decrease in budget line items for the following financial year (FY). Produce regular reports on technology spend, including actuals, forecasts, variance to budget, expenses, allocations, and technology services cost breakdowns. Review, approve, and allocate invoices, ensuring invoiced amounts match contracted spend. Collaborate with finance to establish standard cost allocation & reporting categories. Analyze budget spend to provide insight on areas needing optimization, including creating and maintaining vendor/technology portfolios. Develop financial controls for all technology spend, as well as approval processes/matrices. Assist with project costing, projections, and ROI analysis. Ensure fixed asset register is kept up to date. Work with Technology Processes team to provide oversight on financial aspects of full asset life cycle (software and hardware). Work with Technology Procurement Specialists to store and manage technology contracts, and provide assistance/backup on procurement tasks. Participate in internal and third party financial audits. Handle various assignments from the CIO or senior technology leadership. Duties other than the above may also be assigned. Degree in Finance, Accounting, Computer Science, or related field preferred. 3-8 years of business analysis role. 1-2 years of technology finance role, including budgets, forecasts, reporting. Six Sigma Lean or similar preferred. Works mostly independently with minimal supervision. Determines own approach to assigned tasks of moderate complexity. Effectively leads small-medium cost analysis projects. Able to give effective presentations and write convincing proposals / reports. Generates new formats for budgets and complex reports. Applies creative methods to gather and analyze data in different ways and contribute information to financial decision making. Follows approval processes and makes suggestions for improvement.

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