IT Finance Analyst

Old World Industries • Northbrook, IL

1d

About The Position

The IT Finance Analyst provides financial, operational, and project coordination across the IT organization. The role administers the IT budget; manages purchase orders and invoices; tracks vendor and contract resources; and coordinates technology initiatives, providing IT leadership with accurate financial information and visibility into vendor spending. It also provides entry-level SAP support to Finance for Record-to-Report processes, serving as an initial contact between Finance users and IT. This developmental role builds a foundation in IT financial management, SAP finance, and project coordination.

Responsibilities include monitoring operating and capital budgets, preparing monthly variance reports, processing purchasing and invoice activity, tracking capital project spending in SAP, and supporting annual budget planning. The analyst maintains vendor and contractor records, checks timesheets and invoices against statements of work, monitors contract spending, and alerts IT leadership to renewals, expirations, and spending thresholds.

The analyst supports IT project managers and leads with schedules, RAID logs, status reports, meeting notes, budget and resource tracking, and project documentation. The role also assists Finance users with SAP R2R questions and tickets, supports close activities, helps with testing and master data maintenance, and develops knowledge of SAP S/4HANA finance processes.

Requirements

• Associate degree in accounting, finance, information systems, or a related field, or an equivalent combination of education and experience.
• At least 1 year of experience in financial tracking, accounting support, IT operations, or project coordination.
• Working knowledge of basic accounting concepts, including general ledger, cost centers, accruals, and capital versus expense.
• Strong Excel skills, including look-ups, pivot tables, and reconciliations.
• Clear written and verbal communication skills with people at all levels.
• Detail-oriented, organized, and self-directed, with the ability to prioritize competing deadlines.
• Eagerness to grow into IT financial management, SAP finance, or project management.

Nice To Haves

• Bachelor’s degree.
• Exposure to SAP or another ERP system.
• Experience or familiarity with Power BI, Smartsheet, or MS Project.

Responsibilities

• Track IT operating and capital budgets, including actual spending, commitments, and forecasts against plan; produce monthly variance reports.
• Prepare and track IT purchase orders, ensuring cost centers, GL accounts, and internal orders are correct.
• Process and code vendor invoices, reconcile and close purchase orders, and coordinate monthly IT accruals with Accounting.
• Track capital project spending by internal order in SAP, including budget, actual, and committed amounts.
• Gather data and prepare schedules to support the annual IT budget and planning cycle.
• Maintain the IT vendor and contractor register, including headcount, rates, statements of work, purchase order coverage, dates, and renewals.
• Audit contractor timesheets and invoices against statements of work; track hours and spending against contract value and flag potential overruns.
• Coordinate vendor master data requests and maintain complete, current statements of work and contract records.
• Inform IT leadership about upcoming renewals, expirations, and spending thresholds.
• Support IT project managers and leads with schedules, RAID logs, status reports, and meeting notes.
• Track project budgets and resource allocation, and connect project spending to internal orders and purchase orders.
• Coordinate across IT, Finance, vendors, and business stakeholders, both on-site and remotely.
• Organize project documentation and lessons learned.
• Support Finance users with SAP Record-to-Report processes by answering questions, triaging tickets, and escalating issues to senior analysts or the SAP support partner.
• Support month-end and year-end close activities in SAP.
• Assist with unit, user acceptance, and regression testing; master data maintenance; and user access requests.
• Learn SAP S/4HANA finance processes and help improve reporting and tracking.

Benefits

• Medical, dental, and vision coverage with wellness benefits.
• Company-matching 401(k) plan.
• Company-paid life insurance and accidental death and dismemberment benefits.
• Company-paid identity theft insurance.
• Company-paid disability coverage.
• Flexible spending and health savings accounts.
• Company-paid employee assistance program.
• Paid time off and paid holidays.
• Voluntary life insurance.
• Legal benefits.
• Critical illness insurance.
• Accident insurance.
• Hospital indemnity insurance.
• Pet insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree