Capital Budget Analyst

PACCAR • Renton, WA

5d

About The Position

The Capital Budget Analyst plans, tracks, analyzes, and reports IT capital investments across the IT project portfolio. The 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. It supports strategic decisions about project funding, capital allocation, forecasting accuracy, benefits realization, and portfolio investment performance.

The analyst develops and maintains annual and multi-year IT capital budgets, partners with project and portfolio leaders on funding requirements and forecasts, supports business cases and investment approvals, and monitors portfolio allocations. The position also maintains the six-year IT global capital expenditure forecast, analyzes variances, develops financial models and scenarios, and recommends ways to improve capital utilization and forecast accuracy.

The role supports capitalization compliance, expenditure reviews, capital approval and governance processes, audit requests, and related documentation. It creates executive dashboards and reports, presents financial performance metrics, prepares governance and executive review materials, and develops KPIs for budget utilization, forecast accuracy, funding status, and portfolio health. It also improves financial management processes and reporting automation, using tools such as Power BI, Excel, PPM systems, and ERP platforms, and establishes project financial management best practices across the PMO.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, Project Management, Economics, Information Systems, or a related field.
• At least 5 years of experience in financial analysis, capital planning, project finance, portfolio management, or PMO financial management.
• Experience managing capital budgets in a technology, engineering, or project-driven environment.
• Understanding of capitalization accounting principles and project financial management.
• Experience building financial models and performing scenario analysis in Microsoft Excel, such as using advanced formulas, macros, or data tables.
• Experience collaborating with project managers, business sponsors, and IT leadership.

Nice To Haves

• MBA, CPA, CFA, or PMP certification.
• Experience supporting large-scale IT programs and multi-project portfolios with competing priorities.
• Experience with project lifecycle management and stage-gate governance frameworks.
• Experience using Power BI, Power Query, or equivalent data visualization tools.
• Experience using PPM tools such as OnePlan or Microsoft Project Online.
• Experience presenting and translating financial data and metrics to executive leadership and non-financial stakeholders.

Responsibilities

• 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 and support alignment with organizational priorities.
• Assist leadership with portfolio investment planning and prioritization.
• Maintain the accuracy of the six-year IT global capital expenditure forecast.
• Analyze budget variances and identify risks, trends, and opportunities.
• Develop scenario analyses and financial models to support investment decisions.
• Recommend ways to optimize capital utilization and improve forecasting accuracy.
• 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 on capital budget reviews and planning.
• Support capital approval processes, governance reviews, and audit requests.
• Maintain documentation supporting capital investments and project funding decisions.
• Create and maintain executive dashboards, reports, and portfolio financial summaries.
• Present capital performance metrics to IT and business leadership.
• Develop KPI reporting for 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.
• Use tools such as Power BI, Excel, PPM systems, and ERP platforms to improve transparency and decision-making.
• Establish project financial management best practices across the PMO.

Benefits

• Fully funded pension plan plus 401(k) with up to 5% company match.
• Employee Stock Purchase Plan (ESPP).
• Minimum 10 paid vacation days, 12 paid holidays, and sick time.
• Medical, dental, and vision plans for employees and their families.
• Flexible spending accounts (FSA) and health savings accounts (HSA).
• Paid short- and long-term disability, life insurance, and accidental death and dismemberment coverage.
• Tuition reimbursement for continued learning.
• Employee Assistance Program (EAP), including wellness plans, estate planning, and financial counseling.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level