IT Project Cost Analyst Position Available In Shelby, Tennessee
Tallo's Job Summary: The IT Project Cost Analyst position at BMHCC System Services in Memphis, TN involves financial planning, budgeting, and analysis of IT expenses. Responsibilities include collaborating with project managers, monitoring spending, preparing financial reports, and identifying cost-saving opportunities. Qualifications include a Bachelor's degree, 3+ years of financial analysis experience, and advanced Excel skills.
Job Description
IT Project Cost Analyst
Job ID:
32168
Job Category:
Information Systems
Work Type:
Full Time
Work Schedule:
Days
Department:
Information Systems
Facility:
BMHCC System Services
Location:
Memphis, TN
Overview
Job Summary:
The IT Cost Analyst is responsible for the financial planning, budgeting, forecasting, and analysis of IT spend and expense within ouranization. This role collaborates between technology and finance, ensuring that IT initiatives are managed cost-effectively, aligned with business objectives, deliver measurable returns on investment, and meet corporate finance expectations. The successful candidate will provide analytical support to project management teams and be a subject matter expert on the creation of technology implementation costs driven by IT projects.
Key Responsibilities:
•
IT Project Budget Development & Management:
o Collaborate with IT project managers to create detailed project budgets.
o Effectively monitor spending throughout the project lifecycle.
o Track actual expenditures versus forecasted budgets and provide variance analysis.
• IT Spend & ing:
o Prepare financial reports that summarize the status of IT projects.
o Conduct ROI, cost-benefit, and risk analyses to support decision-making processes.
o Assist in forecasting project expenses.
•
IT Expense Cost Control & Optimization:
o Identify areas for cost reduction and rmend opportunities to optimize financial resources.
•
Stakeholder Collaboration & Communication:
o Work closely with cross-functional teams, including IT, finance, and operations, to ensure the integration of financial planning with project execution.
o Communicateplex financial insights understandably to non-financial stakeholders.
•
Process Improvement & Compliance:
o Assist in developing and continuously improving IT cost identification processes and tools used in IT project management.
o Ensure all IT project budget activitiesply with internal policies and external regulatory requirements.
Qualifications:
Education
o Bachelor’s degree in Finance, Accounting, Business, Information Technology, or a related field.
Experience
o 3+ years of experience in financial analysis, budget management, or project control, preferably within an IT or technology-focused environment.
o Proven experience working with medium to large IT project budgets.
Technical Skills & Tools
o Advanced knowledge of Microsoft Excel.
o Experience with data visualization tools is beneficial.
Core Competencies
o Strong analytical and problem-solving skills.
o Excellentmunication and presentation abilities.
o High attention to detail and stronganizational skills.
o Ability to work collaboratively, manage multiple projects, and meet deadlines.
o A proactive mindset that can identify financial risks and implement mitigation strategies.
