Analyst, IT Budget and Procurement

Kappaalphapsi1911; Uniondale (NY); On-site; USD 74,700 - 91,300; Full time

Benefits offered by this job

Hybrid work options

Excellent health insurance

Paid holidays and generous paid time off

Job summary

Kappaalphapsi1911 is seeking an experienced IT Analyst for their Uniondale office to manage project budgets and provide procurement support. This role involves overseeing financial compliance and preparing insights for management.

The ideal candidate will have a Bachelor's degree in a relevant field and three years of experience. Benefits include hybrid work options, excellent health insurance, and professional development opportunities.

Qualifications

• Three years of experience in budget analysis or similar roles.
• Strong planning and forecasting skills.
• Proficiency with financial software and tools.

Responsibilities

• Evaluate and analyze budget proposals for IT projects.
• Prepare and deliver financial reports to management.
• Process purchase requests for IT procurements.

Skills

Cost estimation and controls

Analytical skills

Communication skills

Project management methodologies

Education

Bachelor’s degree in Accounting, Business, Finance, Project Management, or equivalent

Tools

Microsoft Excel

ERP systems (i.e., SAP or MS Dynamics)

Budgeting platforms (i.e., Oracle Hyperion)

Job description

What We Offer

We offer an environment of continuous development and growth with a thriving company culture, exceptional colleagues, and exceptional benefits. Our benefit package includes:

• Hybrid work options available and flexible hours
• Excellent health insurance
• No employee cost for dental and vision insurance
• Paid holidays and generous paid time off
• Professional development opportunities
• Educational assistance opportunities
• Multiple retirement plan options with company contribution
• Short-term and long-term disability coverage
• Flexible spending account with company contribution
• Life Insurance
• 529 College Savings Program
• $300 Wellness Reimbursement

What You’ll Do At LIPA

The Long Island Power Authority (LIPA) is seeking a detail-oriented and experienced IT Analyst, Budget and Procurement to join our dynamic team. The IT Analyst will be responsible for providing comprehensive analysis and oversight of our IT project budgets, ensuring financial accuracy and compliance with regulations and best practices. This role is pivotal in supporting the financial planning and management of technology projects within our organization. The IT Analyst reports to the Manager of IT Performance and Procurement and assists in reviewing monthly metrics and ensuring key performance indicators are met.

Essential Job Functions Include

Analysis of IT Project Budget Proposals

• Evaluate and analyze budget proposals for IT projects
• Forecast project expenses considering the project schedule and identified risks
• Provide accurate and timely financial projections to support decision-making
• Monitor and track the progress of technology projects against the approved budget
• Ensure expenditures are recorded accurately and remain within budgetary projections

Compliance with Rules, Regulations, Policies, and Best Practices

• Ensure all project expenditures comply with relevant rules, regulations, policies, and best practices
• Conduct periodic audits and reviews to ensure compliance with all applicable requirements

Reporting and Presentations

• Prepare and deliver periodic financial reports and presentations to management
• Provide insights and recommendations based on financial analysis and project performance

IT Procurement Support

• Process purchase requests to initiate IT procurements
• Work with IT staff and Procurement to develop Requests for Proposals (RFPs) and Requests for Information (RFIs), bid documents, and other solicitation documents
• Track vendor contracts and invoices for accuracy
• Track and renew annual service contracts and subscriptions
• Provide financial analysis and recommendations to support acquisition decisions
• Perform other related duties, as necessary

What We Need

• Bachelor’s degree in Accounting, Business, Finance, Project Management, Math, or equivalent
• Three (3) years of progressively responsible experience in budget analysis, financial analysis, or similar roles
• Proficiency in cost estimation and controls, earned value analysis, and project cost reviews
• Knowledge of project management methodologies including risk management, budgeting and planning
• Strong analytical and problem-solving skills
• Excellent communication and presentation skills
• Interpersonal skills with the ability to work collaboratively in a team environment
• Proficiency with financial software and tools
• Strong planning and forecasting skills
• Problem sensitivity

Preferred Qualifications

• Experience in IT acquisition/contract management
• Demonstrated experience with investment analysis of technical projects
• Experience with data analytics and business intelligence tools
• Advanced Microsoft Excel skills including pivot tables, lookups, etc.
• Experience with ERP systems (i.e., SAP or MS Dynamics)
• Experience with budgeting platforms (i.e., Oracle Hyperion)
• Experience with project financials

Salary Range: $74,700 - $91,300