IT Finance Analyst I

Old World Industries, LLC.; Northbrook (IL); On-site; USD 50,000 - 80,000; Full time

Job summary

An established industry player is seeking an IT Finance Analyst to join their dynamic team. This entry-level position focuses on processing IT financial transactions and supporting SAP Record-to-Report functions. The ideal candidate will thrive in a collaborative environment, ensuring financial accuracy and managing budgets effectively. With a commitment to innovation and excellence, this company offers a competitive benefits package, including medical coverage, a 401(k) plan, and paid time off. If you are detail-oriented and eager to develop your skills in financial operations, this opportunity is perfect for you.

Benefits

Medical, dental, and vision coverage

Company-matching 401(k) plan

Company-paid life insurance

Paid time off

Flexible spending and health savings accounts

Qualifications

• 1+ years' experience with financial tracking and SAP applications.
• Strong proficiency in Microsoft Excel and accounting concepts.

Responsibilities

• Manage IT purchase orders and vendor invoices for financial accuracy.
• Assist accounting teams with SAP R2R functions and financial reporting.

Skills

Microsoft Excel

SAP applications

Financial tracking

Communication skills

Accounting knowledge

Education

Associate degree in accounting

Equivalent work experience

Tools

SAP

Microsoft Windows

Job description

POSITION PURPOSE: The IT Finance Analyst is responsible for processing and coordinating IT financial transactions while also serving as an entry-level support role for SAP Record-to-Report (R2R) functions. This position ensures financial accuracy, manages IT purchase orders, tracks budgets, and assists accounting teams with key SAP financial processes. The ideal candidate will have strong financial tracking skills, attention to detail, and a willingness to develop expertise in SAP financial operations.

DUTIES, TASKS AND RESPONSIBILITIES:

Purchase Order & Invoice Management

• Prepare and track IT purchase orders, ensuring correct cost center allocation and budget reconciliation.
• Process vendor invoices, audit vendor time sheets, and track payments against Statements of Work (SoWs) to identify discrepancies.
• Monitor IT budget and financial commitments, ensuring proper reconciliation and reporting.

Budget & Financial Tracking

• Reconcile and close purchase orders and invoices, coordinating monthly accruals.
• Code invoices to appropriate general ledger (GL) accounts.
• Track capital project expenditures in SAP by Internal Order, including budget, actual spend, and committed PO amounts.

Contract Management

• Coordinate IT vendor master data processes, including submitting new vendor forms, processing change requests, and maintaining accurate records.
• Manage contract correspondence with IT vendors, ensuring Scope of Work (SoW) documents are in place, accurate, and up to date.

SAP Record-to-Report (R2R) Support (Entry-Level)

• Assist accounting teams with SAP R2R functions, including journal entries, account reconciliations, and financial reporting.
• Support month-end and year-end closing activities in SAP, ensuring financial data accuracy.
• Provide assistance in SAP data entry and maintenance for financial transactions.
• Learn and apply SAP financial processes to improve reporting and tracking capabilities.

SKILLS, KNOWLEDGE AND ABILITIES:

• Associate degree in accounting, information technology, computer science, or related field, or equivalent combination of education and recent, relevant work experience.
• 1 + years' experience in with Microsoft Windows, or SAP applications or financial tracking.
• Knowledge of accounting and business concepts and methodologies.
• Strong communication skills and experience working on projects with both on-site and remote resources.
• Exceptional verbal and written communication skills; ability to communicate effectively at all levels of the organization.
• Strong proficiency in Microsoft Excel and financial tracking tools.
• Demonstrated creativity balanced with practicality to meet business objectives and team needs.
• Ability to effectively prioritize and execute tasks in a high-pressure environment.
• Extensive experience working in a team-oriented, collaborative environment.
• Highly self-motivated, self-directed, and attentive to detail.

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.

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 long-term care coverage
• 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, and pet insurance