Manager Financial Planning & Analysis - Information Technology

FHLBank Chicago•Chicago, IL

1d•Hybrid

About The Position

The FP&A Manager – Information Technology is responsible for leading financial planning, forecasting, and performance management in support of the Bank’s IT organization. This role partners closely with IT leadership to translate technology strategy, operating plans, and delivery roadmaps into disciplined financial targets, while ensuring strong cost transparency, data integrity, and actionable insights. The role serves as the primary finance business partner for IT, supporting investment decisions, resource allocation, and executive level reporting in a regulated financial institution.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, Information Systems, or a related field (MBA, CPA, or CFA preferred).
5–10 years of experience in FP&A, finance, or accounting, including direct support of an IT or technology organization.
Hands on experience leading budgets and forecasts.
Experience supporting technology spend, including software, cloud services, vendor contracts, and IT projects.
Strong financial modeling, Excel, and analytical skills.
Ability to communicate financial concepts clearly to non-finance stakeholders, particularly IT leaders and project managers.
Strong understanding of IT financial concepts, including rolling forecasting practices, workforce and project cost planning, and the economic drivers of IT labor and vendor spend.
Evaluates and leverages AI capabilities to strengthen FP&A decision support, scenario analysis, and investment planning for Information Technology initiatives.
Strategic thinker with strong attention to detail and data integrity.
Ability to challenge assumptions constructively and translate technical activity into financial insights.
Strong collaboration and stakeholder management skills, enabling effective partnership and influence with senior IT leadership.
Comfort managing competing priorities and supporting fast moving initiatives.
High accountability for deadlines, accuracy, and quality of deliverables.
Must have proven ability using various BI tools.

Responsibilities

Drives informed IT investment decisions by delivering clear budget to actual and forecast variance analysis, identifying key cost drivers, trends, and emerging risks across technology spend.
Provides forward looking insights through scenario and sensitivity analysis to support prioritization of IT initiatives, capacity planning, and funding trade offs.
Acts as a trusted finance partner to IT leadership, advising on cost management, vendor spend, project timing, and run the bank versus change the bank investments.
Strengthens accountability by linking financial results to IT operational drivers, project delivery milestones, and service outcomes.
Enables executive and Board visibility into IT financial performance through consistent, high-quality management and executive reporting.
Improves financial discipline and transparency by standardizing IT budgeting and forecasting assumptions, methodologies, and documentation.
Ensures alignment across Finance by partnering with Accounting on capitalization, expense treatment, and reconciliation between planning outputs and financial reporting.
Enhances efficiency and control by identifying automation opportunities and improving FP&A processes supporting IT.
Lead the annual budget and planning process, including timeline management, assumption development, and cost center inputs, with a focus on establishing a framework that supports in‑year funding decisions through quarterly reviews and scenario-based trade‑off analysis.
Conduct regular technology spend and funding reviews with IT, leveraging actuals, forecasts, and prioritization discussions to inform ongoing investment decisions and reallocation.
Partner with initiative owners to define measures of success associated with business case definition for cost benefit evaluation and assess return on investment actuals.
Develop and maintain IT forecasts, incorporating actual performance, project delivery timing, vendor billing patterns, and emerging risks.
Partner with IT cost center owners to challenge assumptions, identify risks and opportunities, and align technology spend with strategic priorities, aligning cost center budgets to evolving resource and contract assumptions that support quarterly capacity allocation decisions.
Monitor and explain variances related to software, cloud services, infrastructure, cybersecurity, vendors, and IT labor.