Capital Budget Analyst

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Company: PACCAR

PACCAR is a Fortune 500 company established in 1905. PACCAR Inc. is a global leader in the commercial vehicle, financial services, and customer support industries, with internationally recognized brands such as Kenworth, Peterbilt, and DAF.PACCAR is also a technology leader in the design, manufacture, and support of high-quality light-, medium-, and heavy-duty trucks. In addition, the company develops advanced diesel engines and provides financial services, information technology, and truck parts to support its core business.

Whether designing the transportation technologies of tomorrow, supporting critical business functions, or delivering industry-leading products and services, PACCAR offers opportunities to build a rewarding career.

PACCAR’s Information Technology Division (ITD), based in Renton, WA, leverages cutting-edge technology to deliver systems development, consulting, and voice/data communication services across the enterprise. The division plays a critical role in enabling business innovation and operational excellence.

The Capital Budget Analyst is responsible for planning, tracking, analyzing, and reporting IT capital investments across the IT project portfolio. This role serves as the primary financial partner to IT project managers, portfolio managers, finance, and business stakeholders, ensuring capital expenditures are accurately forecasted, budgeted, governed, and reported to Executive Leadership in compliance with corporate accounting policies and capital investment guidelines.

The position supports strategic decision-making by providing financial insight into project funding, capital allocation, forecasting accuracy, benefits realization, and portfolio investment performance.

• Develop and maintain annual and multi-year IT capital budgets.
• Partner with project managers and portfolio leaders to establish project funding requirements and capital forecasts.
• Support business case development, investment analysis, and funding approvals.
• Monitor capital allocation across the IT project portfolio to ensure alignment with organizational priorities.
• Assist leadership in portfolio investment planning and prioritization activities.
• Financial Analysis & Forecasting
  • Maintain accuracy of 6 year IT global capital expenditure forecast
  • Analyze budget variances and identify risks, trends, and opportunities.
  • Develop scenario analyses and financial modeling to support investment decisions.
  • Provide recommendations to optimize capital utilization and improve forecasting accuracy.
• Capital Governance & Compliance
  • Ensure compliance with capitalization policies, accounting standards, and internal controls.
  • Review project expenditures for appropriate capitalization versus expense treatment.
  • Partner with Finance and Accounting teams for capital budget reviews and planning
  • Support capital approval processes, governance reviews, and audit requests.
  • Maintain documentation supporting capital investments and project funding decisions.
• Reporting & Executive Communications
  • Create and maintain executive dashboards, reports, and portfolio financial summaries.
  • Present capital performance metrics to IT and business leadership.
  • Develop KPI reporting related to budget utilization, forecast accuracy, project funding status, and portfolio investment health.
  • Prepare materials for governance committees and executive reviews.
• Improve financial management processes, reporting automation, and forecasting methodologies.
• Leverage tools such as Power BI, Excel, PPM systems, and ERP platforms to enhance transparency and decision-making.
• Establish best practices for project financial…