· Develop and maintain financial planning, budgeting, and expenditure monitoring processes aligned with organizational financial policies and strategic objectives.
· Prepare, monitor, and analyze annual IT budgets, including operational expenditure (OPEX) and capital expenditure (CAPEX), in coordination with Finance and relevant departments.
· Conduct financial analysis of IT projects, contracts, and initiatives to assess cost-effectiveness, financial feasibility, and budget implications.
· Monitor actual expenditures against approved budgets, identify variances, and provide financial insights and recommendations to management.
· Support IT procurement activities by conducting commercial and financial evaluations of vendor proposals, quotations, and contracts in coordination with Central Procurement and Finance teams.
· Review contract values, payment schedules, renewals, and financial commitments to ensure alignment with approved budgets and financial regulations.
· Track purchase orders, invoices, outstanding payments, and financial commitments to ensure accurate financial records and timely processing.
· Identify cost-saving opportunities, analyze spending trends, and recommend measures to optimize IT expenditure and improve financial efficiency.
· Develop financial forecasts, budget projections, and expenditure reports to support financial planning and management decision-making.
· Collaborate with IT departments, including Infrastructure, Applications, Information Security, and other relevant teams, to consolidate financial requirements and monitor departmental expenditures.
· Maintain accurate financial records and supporting documentation related to IT budgets, contracts, procurement expenditures, and financial commitments to support audits and governance requirements.
Desired Candidate Profile
- A Bachelor's degree in Finance, Accounting, or a related field is essential for a solid foundation in financial principles.
- Professional certifications such as CFA or CPA are highly regarded and demonstrate a commitment to the finance profession.
- Minimum of 3-5 years of relevant experience in a finance or analytical role, showcasing proven expertise in financial analysis.
- Experience in the specific industry of the company, providing valuable insights into sector-specific financial dynamics.