IT Project Cost Analyst

Job Summary

The IT Cost Analyst is responsible for the financial planning, budgeting, forecasting, and analysis of IT spend and expense within our organization. This role collaborates between technology and finance, ensuring that IT initiatives are managed cost-effectively, aligned with business objectives, deliver measurable returns on investment, and meet corporate finance expectations. The successful candidate will provide analytical support to project management teams and be a subject-matter expert on the creation of technology implementation costs driven by IT projects.

Key Responsibilities

• IT Project Budget Development & Management :
• Collaborate with IT project managers to create detailed project budgets.
• Effectively monitor spending throughout the project lifecycle.
• Track actual expenditures versus forecasted budgets and provide variance analysis.
• IT Spend & Reporting :
• Prepare financial reports that summarize the status of IT projects.
• Conduct ROI, cost-benefit, and risk analyses to support decision-making processes.
• Assist in forecasting project expenses.
• IT Expense Cost Control & Optimization :
• Identify areas for cost reduction and recommend opportunities to optimize financial resources.
• Stakeholder Collaboration & Communication :
• Work closely with cross-functional teams, including IT, finance, and operations, to ensure the integration of financial planning with project execution.
• Communicate complex financial insights understandably to non-financial stakeholders.
• Process Improvement & Compliance :
• Assist in developing and continuously improving IT cost identification processes and tools used in IT project management.
• Ensure all IT project budget activities comply with internal policies and external regulatory requirements.

Qualifications

Education

Experience

Technical Skills & Tools

Core Competencies

Seniority level

Mid-Senior level

Employment type

Other

Job function

Information Technology

Industry

Hospitals and Health Care

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