Budget Manager

Budget Manager
- Information Technology
- Hybrid

As the IT Budget Manager, you will oversee the financial planning, budgeting, and spend management for the Information Technology department. This role is responsible for preparing annual IT budgets, tracking operational and capital expenses, forecasting future technology costs, and managing vendor contract financials. The IT Budget Manager works closely with IT leadership and corporate finance to ensure technology investments stay within budget and align with business objectives.

• Lead the preparation, development, and ongoing tracking of the annual IT operating (OpEx) and capital (Cap Ex) budgets.

• Perform monthly variance analysis comparing actual spend to budget; prepare financial reports and forecasts for executive management.

• Review, reconcile, and approve IT invoices, software licenses, maintenance contracts, and third-party vendor agreements to ensure accurate billing and cost optimization.

• Maintain technology cost-allocation models to accurately distribute IT expenses across departments, business units, or project lines.

• Monitor spending on major technology projects, tracking total cost of ownership (TCO) and return on investment (ROI).

• Develop and implement standardized financial procedures within the IT department to improve budget tracking, invoice processing, and financial controls.

• Bachelor's degree in Finance, Accounting, Business Administration, Information Systems, or a related field.

• 3–5+ years of experience in financial planning and analysis (FP&A), accounting, or IT budget management.

• Advanced proficiency in Microsoft Excel (financial modeling, pivot tables, formulas); experience with ERP/accounting software (e.g., SAP, Oracle, Net Suite) and reporting tools (e.g., Power BI, Tableau).

• General understanding of IT hardware, software licensing models (SaaS, enterprise agreements), and cloud service costs (AWS, Azure, Google Cloud).