Budget Manager

Liberty Personnel Services, Inc.; Chicago (IL); Hybrid; USD 125,000 - 145,000; Full time

Job summary

Liberty Personnel Services, Inc. in Chicago, IL is seeking an IT Budget Manager to oversee budgeting, forecasting, and spend management for the Information Technology department in a hybrid role.

You will collaborate with IT leadership and corporate finance to ensure technology investments stay within budget, track OpEx/CapEx, and optimize vendor costs across software licenses and cloud services.

Qualifications

• Bachelor’s degree in Finance or related field.
• 3–5+ years FP&A, accounting, or IT budget management.
• Advanced Excel and ERP/accounting software experience.
• Knowledge of IT cost models and cloud cost awareness.
• Experience with BI tools like Power BI or Tableau.

Responsibilities

• Lead the preparation, development, and ongoing tracking of the IT operating (OpEx) and capital (CapEx) budgets.
• Perform monthly variance analysis comparing actual spend to budget; prepare financial reports and forecasts for executive management.
• Review, reconcile, and approve IT invoices, software licenses, maintenance contracts, and third-party vendor agreements to ensure accurate billing and cost optimization.
• Maintain technology cost-allocation models to accurately distribute IT expenses across departments, business units, or project lines.
• Monitor spending on major technology projects, tracking total cost of ownership (TCO) and return on investment (ROI).
• Develop and implement standardized financial procedures within the IT department to improve budget tracking, invoice processing, and financial controls.

Skills

Excel proficiency

Financial analysis

Budgeting

Education

Bachelor’s degree in Finance or related field

Tools

SAP

Oracle

NetSuite

Power BI

Tableau

Job description

Budget Manager - Information Technology - Hybrid - $125-145k

Job Summary

As the IT Budget Manager, you will oversee the financial planning, budgeting, and spend management for the Information Technology department. This role is responsible for preparing annual IT budgets, tracking operational and capital expenses, forecasting future technology costs, and managing vendor contract financials. The IT Budget Manager works closely with IT leadership and corporate finance to ensure technology investments stay within budget and align with business objectives.

Core Responsibilities

Budgeting & Forecasting: Lead the preparation, development, and ongoing tracking of the annual IT operating (OpEx) and capital (CapEx) budgets.

Financial Reporting & Analysis: Perform monthly variance analysis comparing actual spend to budget; prepare financial reports and forecasts for executive management.

Vendor & Contract Spend Management: Review, reconcile, and approve IT invoices, software licenses, maintenance contracts, and third-party vendor agreements to ensure accurate billing and cost optimization.

Cost Allocation & Modeling: Maintain technology cost-allocation models to accurately distribute IT expenses across departments, business units, or project lines.

Project Financial Tracking: Monitor spending on major technology projects, tracking total cost of ownership (TCO) and return on investment (ROI).

Process Improvement: Develop and implement standardized financial procedures within the IT department to improve budget tracking, invoice processing, and financial controls.

Qualifications

Education: Bachelor’s degree in Finance, Accounting, Business Administration, Information Systems, or a related field.

Experience: 3–5+ years of experience in financial planning and analysis (FP&A), accounting, or IT budget management.

Technical Skills: Advanced proficiency in Microsoft Excel (financial modeling, pivot tables, formulas); experience with ERP/accounting software (e.g., SAP, Oracle, NetSuite) and reporting tools (e.g., Power BI, Tableau).

Industry Knowledge: General understanding of IT hardware, software licensing models (SaaS, enterprise agreements), and cloud service costs (AWS, Azure, Google Cloud).