IT Finance Business Analyst

3M•Austin, TX

4d•$124,127 - $151,710•Onsite

About The Position

The IT Finance Business Analyst will support the development of the IT Business Management framework, aligning IT Financials to IT delivery and business objectives. This role bridges technology and finance, helping stakeholders understand the financial implications of IT strategies, investments, and operations. The ideal candidate has a strong background in Financial Planning and Analysis (FP&A) with a working understanding of IT cost structure and project-based accounting.

Requirements

Bachelor’s degree or higher (completed and verified prior to start) from an accredited institution.
Five (5) years of experience in finance or accounting in a private, public, government or military environment
Proficiency in financial management tools such as Excel, SAP, or Oracle Financials.
Must be legally authorized to work in a country of employment without sponsorship for employment visa status (e.g., H1B status).

Nice To Haves

Five (5) years of experience in finance or accounting, preferably in IT finance or within a technology environment
Good understanding of financial management concepts (e.g CapEx vs Opex)
Excellent analytical, problem-solving and communication skills
Strong attention to detail and ability to manage multiple priorities in a fast-paced environment
Proven ability to develop and exercise project plans with minimal supervision

Responsibilities

Work with the IT Business Management Leader to develop and maintain budgets, forecasts and long-range financial plans
Monitor and analyze IT operating and capital expenditures, including variance analysis for hardware, software, personnel, 3rd party labor and other specific expenditures to align with business needs and budgetary constraints
Support cost allocation models across departments for IT services
Prepare monthly, quarterly, and annual financial reports for IT Business Management leader, IT leadership, and Corporate Finance.
Assist with vendor invoice processing, contract analysis, and ensuring compliance with procurement policies
Support business case development for new IT initiatives or investments
Provide financial modeling and scenario analysis to support IT strategy decisions
Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.
Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.