Capital Budget Analyst

PACCAR; Renton (WA); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Fully funded pension plan

Employee Stock Purchase Plan (ESPP)

Paid time off and holidays

Medical, dental, and vision plans

FSA/HSA

Disability & life insurance

Tuition reimbursement

Employee Assistance Program

Job summary

PACCAR's Capital Budget Analyst role focuses on planning, tracking, and reporting IT capital investments across the project portfolio in partnership with IT, finance, and leadership. You will forecast budgets, support business cases, and drive governance aligned with corporate policies.

This position emphasizes financial modeling, KPI reporting, and continuous improvement of budgeting processes using Power BI, Excel, and ERP tools.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Project Management, Economics, Information Systems, or a related field.
• 5+ years of experience in financial analysis, capital planning, project finance, portfolio management, or PMO financial management.
• Experience managing capital budgets within a technology, engineering, or project-driven environment.
• Experience building financial models and performing scenario analysis in Microsoft Excel (e.g., using advanced formulas, macros, or data tables).

Responsibilities

• Capital Planning & Portfolio Management: Develop and maintain annual and multi-year IT capital budgets.
• Partner with project managers and portfolio leaders to establish project funding requirements and capital forecasts.
• Support business case development, investment analysis, and funding approvals.
• Monitor capital allocation across the IT project portfolio to ensure alignment with organizational priorities.
• Assist leadership in portfolio investment planning and prioritization activities.
• Financial Analysis & Forecasting: Maintain accuracy of 6 year IT global capital expenditure forecast.
• Analyze budget variances and identify risks, trends, and opportunities.
• Develop scenario analyses and financial modeling to support investment decisions.
• Provide recommendations to optimize capital utilization and improve forecasting accuracy.
• Capital Governance & Compliance: Ensure compliance with capitalization policies, accounting standards, and internal controls.
• Review project expenditures for appropriate capitalization versus expense treatment.
• Partner with Finance and Accounting teams for capital budget reviews and planning
• Support capital approval processes, governance reviews, and audit requests.
• Maintain documentation supporting capital investments and project funding decisions.
• Reporting & Executive Communications: Create and maintain executive dashboards, reports, and portfolio financial summaries.
• Present capital performance metrics to IT and business leadership.
• Develop KPI reporting related to budget utilization, forecast accuracy, project funding status, and portfolio investment health.
• Prepare materials for governance committees and executive reviews.
• Continuous Improvement: Improve financial management processes, reporting automation, and forecasting methodologies.
• Leverage tools such as Power BI, Excel, PPM systems, and ERP platforms to enhance transparency and decision-making.
• Establish best practices for project financial management across the PMO.

Skills

Financial analysis

Capital planning

Project finance

Portfolio management

PMO finance

Excel modeling

Education

Bachelor's in Finance/Accounting/Business or related field

MBA/CPA/CFA/PMP preferred

Tools

Power BI

Power Query

PPM tools (OnePlan, MS Project Online)

Job description

Company Overview

PACCAR is a Fortune 500 company established in 1905. PACCAR Inc. is a global leader in the commercial vehicle, financial services, and customer support industries, with internationally recognized brands such as Kenworth, Peterbilt, and DAF.PACCAR is also a technology leader in the design, manufacture, and support of high-quality light-, medium-, and heavy-duty trucks. In addition, the company develops advanced diesel engines and provides financial services, information technology, and truck parts to support its core business.

Whether designing the transportation technologies of tomorrow, supporting critical business functions, or delivering industry-leading products and services, PACCAR offers opportunities to build a rewarding career.

Division Overview

PACCAR's Information Technology Division (ITD), based in Renton, WA, leverages cutting-edge technology to deliver systems development, consulting, and voice/data communication services across the enterprise. The division plays a critical role in enabling business innovation and operational excellence.

Job Summary

The Capital Budget Analyst is responsible for planning, tracking, analyzing, and reporting IT capital investments across the IT project portfolio. This role serves as the primary financial partner to IT project managers, portfolio managers, finance, and business stakeholders, ensuring capital expenditures are accurately forecasted, budgeted, governed, and reported to Executive Leadership in compliance with corporate accounting policies and capital investment guidelines.

The position supports strategic decision-making by providing financial insight into project funding, capital allocation, forecasting accuracy, benefits realization, and portfolio investment performance.

Key Responsibilities

• Capital Planning & Portfolio Management
  • Develop and maintain annual and multi-year IT capital budgets.
  • Partner with project managers and portfolio leaders to establish project funding requirements and capital forecasts.
  • Support business case development, investment analysis, and funding approvals.
  • Monitor capital allocation across the IT project portfolio to ensure alignment with organizational priorities.
  • Assist leadership in portfolio investment planning and prioritization activities.

• Financial Analysis & Forecasting
  • Maintain accuracy of 6 year IT global capital expenditure forecast
  • Analyze budget variances and identify risks, trends, and opportunities.
  • Develop scenario analyses and financial modeling to support investment decisions.
  • Provide recommendations to optimize capital utilization and improve forecasting accuracy.

• Capital Governance & Compliance
  • Ensure compliance with capitalization policies, accounting standards, and internal controls.
  • Review project expenditures for appropriate capitalization versus expense treatment.
  • Partner with Finance and Accounting teams for capital budget reviews and planning
  • Support capital approval processes, governance reviews, and audit requests.
  • Maintain documentation supporting capital investments and project funding decisions.

• Reporting & Executive Communications
  • Create and maintain executive dashboards, reports, and portfolio financial summaries.
  • Present capital performance metrics to IT and business leadership.
  • Develop KPI reporting related to budget utilization, forecast accuracy, project funding status, and portfolio investment health.
  • Prepare materials for governance committees and executive reviews.

• Continuous Improvement
  • Improve financial management processes, reporting automation, and forecasting methodologies.
  • Leverage tools such as Power BI, Excel, PPM systems, and ERP platforms to enhance transparency and decision-making.
  • Establish best practices for project financial management across the PMO.

Qualifications

Basic Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Project Management, Economics, Information Systems, or a related field.
• 5+ years of experience in financial analysis, capital planning, project finance, portfolio management, or PMO financial management.
• Experience managing capital budgets within a technology, engineering, or project-driven environment.
• Understanding of capitalization accounting principles and project financial management.
• Experience building financial models and performing scenario analysis in Microsoft Excel (e.g., using advanced formulas, macros, or data tables).
• Experience collaborating with project managers, business sponsors, and IT leadership.

Preferred Qualifications

• MBA, CPA, CFA, or PMP certification.
• Experience supporting large-scale IT programs and multi-project portfolios with competing priorities.
• Experience working with project lifecycle management and stage-gate governance frameworks.
• Experience using Power BI, Power Query, or equivalent data visualization tools.
• Experience utilizing Project Portfolio Management (PPM) tools such as OnePlan or Microsoft Project Online.
• Experience presenting and translating financial data/metrics to executive leadership and non-financial stakeholders.

Additional Information

As a U.S. PACCAR employee, you receive a comprehensive benefits package including:

• Fully funded pension plan plus 401(k) with up to 5% company match
• Employee Stock Purchase Plan (ESPP) to invest in PACCAR stock
• Minimum 10 paid vacation days, 12 paid holidays, and sick time
• Medical, dental, and vision plans for you and your family
• Flexible spending accounts (FSA) and health savings accounts (HSA)
• Paid short- and long-term disability, life insurance, and accidental death and dismemberment coverage
• Tuition reimbursement for continued learning
• Employee Assistance Program (EAP) including wellness plans, estate planning, and financial counseling

PACCAR is an Equal Opportunity Employer/Protected Veteran/Disability. At PACCAR, we value talent and promote growth and development. We carefully consider numerous compensation factors, including your education, training, or experience. Applicants and employees for this position will not be sponsored for work authorization, including, but not limited to H-1B visas, now or in the future. The salary range for this position is $90,000 - $140,000 annually. Additionally, this role is eligible for a full range of benefit options listed above.