IT Financial Manager(Only W2)

Title: IT Financial Manager

Location: Hybrid (Newark, NJ)

Duration: Full Time

Key Responsibilities:

• Leadership & People Management
• Manage, coach, and develop a team of four ITFM analysts, fostering collaboration, accountability, and professional growth.
• Build an inclusive, high-performing team culture that emphasizes continuous improvement and innovation.
• Financial Management & Analysis
• Lead cost planning, cost tracking, and cost optimization initiatives to drive efficiency and savings across IT operations.
• Partner with IT and Finance to reduce O&M variances and improve financial predictability.
• Collaborate with IT and Lines of Business (LOBs) on client billing processes to ensure accuracy and transparency.
• Provide actionable insights through advanced financial analysis, dashboards, and reporting.
• Performance Management & TBM Framework
• Establish, standardize, and continuously improve IT financial performance management practices within the TBM methodology.
• Define and monitor key performance indicators (KPIs) aligned with business outcomes.
• Deliver clear, easy-to-understand reporting and analysis to stakeholders at all levels.
• Partner with stakeholders to review variances, develop improvement plans, and ensure accountability.
• Enhance clarity of roles, responsibilities, and expectations through service agreements, operating agreements, and performance measurement.
• Provide reliable, objective data to support investment planning, prioritization, budgeting, forecasting, and risk assessment.

Qualifications:

• Bachelor’s degree in business, Finance, Economics, Computer Science, Information Technology, Engineering, or Math.
• Without a degree, 12 years of experience in financial management, service management, or performance management.
• 6 years of experience in IT financial management, service management, or performance management, with at least 3 years in a people management role.
• Proven ability to lead, influence, and collaborate with stakeholders across all levels of the organization.
• Strong analytical, critical thinking, and problem-solving skills with demonstrated financial leadership experience.
• Expertise in continuous process improvement and driving cost efficiency initiatives.
• Proficiency in Microsoft Excel, Word, Outlook, and PowerPoint.
• Experience with data mining, analytics, and dashboard creation for financial reporting.
• Ability to foster an inclusive work environment and cultivate team contributions.
• Excellent analytical skills and a sense of urgency
• Exceptional verbal and written communication skills