IT Finance Analyst

Old World Industries, LLC; Northbrook (IL); On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

Company 401(k) plan

Life insurance

Identity theft insurance

Disability insurance

HSAs (Health Savings Accounts)

EAP (Employee Assistance Program)

Paid time off and holidays

Pet and voluntary life insurance

Job summary

Old World Industries, a Northbrook, IL-based company, is seeking an IT Finance Analyst to manage IT budgets, purchase orders, vendor invoices, and project coordination. You will provide entry-level SAP support to Finance on R2R processes and help build a foundation in IT financial management.

You will track budgets, assist with accruals, and support the annual planning cycle while coordinating across IT, Finance, and vendors. This role offers growth into SAP finance and project management.

Qualifications

• Associate degree in accounting/finance or related field; bachelor’s preferred.

Responsibilities

• Track IT operating and capital budget: actual spend, commitments and forecast against plan.

Skills

Financial tracking

Budgeting & forecasting

Excel advanced

Vendor/Contract tracking

Communication

Detail-oriented

Education

Associate degree in accounting/finance or related field

Bachelor’s degree preferred

Tools

SAP ERP

Power BI

Smartsheet

MS Project

Job description

POSITION PURPOSE

The IT Finance Analyst enables the business of IT by providing financial, operational, and project coordination across the IT organization. The role administers the IT budget, manages purchase orders and invoices, tracks vendor and contract resources, and coordinates technology initiatives, giving IT leadership accurate financials, clear visibility into vendor spend, and well-run projects. The position also provides entry-level SAP support to Finance on Record-to-Report processes, acting as a first point of contact between Finance users and IT. As a developmental role, it builds a foundation in IT financial management, SAP finance, and project coordination.

DUTIES, TASKS AND RESPONSIBILITIES

IT budget and financial tracking

• Track the IT operating and capital budget: actual spend, commitments and forecast against plan. Produce the monthly variance report.

• Prepare and track IT purchase orders, making sure cost centers, GL accounts and internal orders are correct.

• Process and code vendor invoices, reconcile and close POs, and coordinate the monthly IT accruals with Accounting.

• Track capital project spend by internal order in SAP: budget, actual and committed.

• Support the annual IT budget and planning cycle with data gathering and schedules.

Vendor and resource tracking

• Keep the IT vendor and contractor register current: headcount, rates, SoW and PO coverage, start and end dates, renewals.

• Audit contractor timesheets and invoices against SoWs. Track hours and dollars burned against contract value and flag overruns early.

• Coordinate vendor master data requests (new vendors and changes) and keep SoW and contract records complete and current.

• Inform IT leadership about upcoming renewals, expirations and spend thresholds.

Project coordination

• Support IT project managers and leads with schedules, RAID logs, status reports and meeting notes.

• Track project budgets and resource allocation, and tie project spend back to internal orders and POs.

• Coordinate across IT, Finance, vendors and business stakeholders, both on-site and remote.

• Help keep project documentation and lessons learned organized.

SAP finance support, entry level

• Support to Finance users on SAP R2R processes: answer questions, triage tickets and elevate to senior analysts or the SAP support partner.

• Support month-end and year-end close activities in SAP.

• Help with testing (unit tests, user acceptance testing, regression), master data maintenance and user access requests.

• Learn SAP S/4HANA finance processes and help improve reporting and tracking.

SKILLS, KNOWLEDGE AND ABILITIES

• Associate degree in accounting, finance, information systems or a related field, or an equivalent combination of education and experience. A bachelor’s degree is preferred.

• 1 or more years of experience in financial tracking, accounting support, IT operations or project coordination.

• Working knowledge of basic accounting concepts: GL, cost centers, accruals, capital vs. expense.

• Strong Excel skills: look‑ups, pivot tables, reconciliations.

• Exposure to SAP or another ERP is preferred. Power BI and Smartsheet or MS Project are a plus.

• Clear written and verbal communication with people at all levels.

• Detail-oriented, organized and self‑directed, and able to prioritize when deadlines compete.

• Eager to grow into IT financial management, SAP finance or project management.

This opportunity offers a competitive benefits package including:

• Medical, dental, and vision coverage with wellness benefits

• Company-matching 401(k) plan

• Company-paid life insurance and accidental death & dismemberment benefits

• Company-paid identity theft insurance

• Company-paid disability

• Flexible spending and health savings accounts

• Company-paid employee assistance program

• Paid time off and paid holidays

• Additional benefits included: voluntary life insurance, legal benefits, critical illness, accident insurance, hospital indemnity insurance, and pet insurance

Old World Industries is among the largest privately held companies competing in the automotive aftermarket today. Built upon a 50-year history of ingenuity, the Northbrook, Illinois-based company is transforming the automotive, commercial and chemical industries that keep the world moving forward. Old World’s brands include a full line of PEAK® Performance Automotive Aftermarket Products including Antifreeze/Coolant, Washer Fluid, Lighting and Wiper Blades; BlueDEF® Diesel Exhaust Fluid and Equipment; FINAL CHARGE® PRO-SERIES Heavy Duty Extended Life Coolant, Fleet Charge® SCA Precharged Heavy Duty Coolant and Thermal Charge® Heat Transfer Fluid.