IT Vendor & Financial Analyst

ITW

84d

About The Position

The IT Vendor & Financial Analyst is responsible for overseeing IT vendor contracts, financial approvals, and expense management to ensure alignment with organizational goals and budgets. This role is responsible for supporting the management of over 40 IT vendor relationships shared across multiple business divisions within the ITW Welding Segment. This role ensures accurate contract tracking, vendor invoicing, and expense management while partnering closely with Central Accounting and IT leadership. The Analyst plays a key role in maintaining financial outlooks, supporting annual and long-range planning, and providing timely responses to vendor- and finance-related inquiries.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, Information Technology, or related field.
• 2–5 years of experience in finance, accounting, vendor management, or IT operations.
• Strong financial acumen and experience supporting budgets, forecasts, or shared service environments.
• Excellent organizational and communication skills to manage multiple stakeholders across divisions.
• Strong attention to detail and maintaining deadlines.
• Ability to manage complexity by recommending solutions to simplify or optimize.
• Proficiency with Microsoft Excel (advanced formulas, pivot tables) and experience with ERP or financial systems.

Nice To Haves

• Experience with IT vendor ecosystems (software, hardware, cloud, managed services).
• Familiarity with IT procurement, contract administration, or IT service management.
• Interest in career growth toward an IT Vendor & Project Portfolio Management role.
• Project Management or Financial Management certification (PMP, CAPM, CTP, etc.) a plus.

Responsibilities

• Vendor & Contract Support Assist in the administration of IT vendor contracts, renewals, and compliance requirements.
• Coordinate with IT leadership to track vendor performance and maintain documentation.
• Support vendor escalations by gathering data and preparing summaries for IT leaders.
• Financial Management & Planning Process, validate, and submit vendor invoices in coordination with Central Accounting.
• Track IT expenses against annual and long-range budgets; maintain updated financial outlooks.
• Support the financial approval process for IT purchases and vendor renewals.
• Assist IT leadership in annual and long-range planning cycles by consolidating vendor-related costs and projections.
• Respond to inquiries from IT leadership, finance, and divisional stakeholders regarding vendor spend, budgets, and contracts.
• Reporting & Analysis Develop and maintain vendor spend reports, dashboards, and financial trackers.
• Monitor expense trends and highlight risks or variances.
• Identify cost-saving opportunities and support vendor consolidation or optimization initiatives.

Benefits

• Generous Retirement Benefits – 401(k) match PLUS an additional retirement contribution to help you plan for the future.
• Paid Time Off – 11 paid holidays, 5 sick days, and vacation time to take time for what matters.
• Company-Paid Insurance – Life, AD&D, Short-Term &Long-Term Disability insurance to give you peace of mind.
• Family-Friendly Benefits – 4 weeks of paid parental leave and adoption reimbursement to support your family journey.
• Education Assistance – tuition reimbursement, because we believe in investing in your personal and professional development.

What This Job Offers

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