Manager, IT Financial

Job Description

The IT Financial Manager is responsible for overseeing the financial operations of the IT department, ensuring cost-effective delivery of IT services that align with organizational goals and drive business value. This role involves developing and managing IT budgets, forecasting financial needs, working cross-functionally to optimize costs, analyzing financial performance, and ensuring compliance with financial policies and regulations. The IT Financial Manager collaborates with IT leadership, business units, and vendors to support strategic decision-making, promote transparency in IT spending. Additionally, the Manager provides guidance, training, and consultation to employees and finance team members regarding their specific financial services and recruitment of staff as needed.

What You Will Do:

General

• Provide in-depth analysis and reporting of financial information to senior management for purposes of making informed decisions and evaluating performance.
• Maintain relationships with important vendors, service providers and business partners.
• Participate in cross functional and/or multi-jurisdictional teams and projects across the ABS organization as needed.
• Train, supervise, provide guidance, and coordinate the work of the financial staff while assuming accountability for service delivery.
• Collaborate within the ABS organization to identify and resolve business issues.
• Drive value and efficiency in assigned processes while minimizing risk and cost.
• Maintain an effective internal controls environment by ensuring that FSG Policy and Procedural Statements are adhered to in assigned area. Drive the FSG strategy by identifying and implementing innovative solutions and services to improve and simplify processes.
• Collaborate with procurement and vendor management when negotiating IT contracts, ensuring cost-effective terms and alignment with service level agreements (SLAs).
• Partner with IT leadership to align financial plans with enterprise IT strategies, including digital transformation and innovation initiatives.
• Support IT portfolio management by providing financial insights for project prioritization and resource allocation

Budget Development and Management

• Develop and manage the annual IT budget, including operational expenses (OpEx), capital expenditures (CapEx), and project funding, ensuring alignment with organizational priorities.
• Forecast short- and long-term financial needs based on IT strategies, demand forecasts, and technology roadmaps.
• Monitor budget performance, track variances, and provide regular financial reports to IT leadership and stakeholders.

Cost Optimization and Analysis

• Analyze IT costs (e.g., hardware, software, cloud services, personnel) to identify savings opportunities and improve cost efficiency.
• Implement cost allocation and chargeback/showback models to promote accountability and transparency in IT spending across business units.
• Evaluate the financial impact of emerging technologies (e.g., cloud migration, SaaS adoption) and recommend cost-effective solutions.

Financial Governance and Compliance

• Ensure compliance with organizational financial policies, accounting standards, and regulatory requirements (e.g., GAAP, SOX)
• Establish and enforce IT financial governance processes, including approval workflows for expenditures and vendor contracts.
• Support internal and external financial audits and risk assessments to safeguard IT investments and mitigate financial risks.

What You Will Need:

Education and Experience

• Bachelor's degree or equivalent combination of education, experience, and/or certifications.
• Minimum seven (7) years in Finance, with at least three (3) to (5) years in IT financial management or a related role overseeing technology budgets and costs.

Knowledge, Skills, and Abilities

• Disciplined in relevant accounting and financial concepts and principles, with experience in IT-specific financial management (e.g., cloud costs, software licensing).
• Technically proficient with financial and accounting systems / software.
• Capacity to analyze, interpret, and report financial data.
• Ability to demonstrate independent, objective, open-minded thinking with strong attention to detail and sound judgment.
• Takes responsibility for his/her actions, behaviors, decisions, and results while holding self and team members accountable.
• Ensures high quality of work delivered by the team to keep commitments and achieve departmental goals.
• Focus on cost control while carrying out day-to-day activities.
• Exceptional oral and written communication skills. Must be able to communicate complex financial information in a clear and concise manner to various levels of personnel including senior management and external providers.
• Persuasive negotiating skills.
• Develops team members and self through effective delegation of appropriate tasks.
• Propensity to continually improve existing processes and systems to add value to the organization.
• Ability to identify risk and determine mitigation strategy.
• Innovative, proactive solution provider and organizational partner.
• Forward thinker who can adapt to and manage change.
• Excellent managerial skills in team development, organization, planning and implementation.
• Proven leadership ability to guide others, accomplish goals and achieve department objectives.
• Team player who can establish and maximize the value of key business and financial partners.
• Working knowledge of the ABS Health, Safety, Quality and Environmental Management System.
• Ability to obtain a working knowledge of the ABS Health, Safety, Quality, and Environmental Management System.

Reporting Relationships:

The incumbent will report to the Office of the CIO and may have individual contributor reports.

About Us

We set out more than 160 years ago to promote the security of life and property at sea and preserve the natural environment. Today, we remain true to our mission and continue to support organizations facing a rapidly evolving seascape of challenging regulations and new technologies. Through it all, we are anchored by a vision and mission that help our clients find clarity in uncertain times.

ABS is a global leader in marine and offshore classification and other innovative safety, quality, and environmental services. We're at the forefront of supporting the global energy transition at sea, the application of remote and autonomous marine systems, cutting-edge technical solutions, and many more exciting advancements. Our commitment to safety, reliability, and efficiency is ever-present, guiding our clients to safer and more efficient operations.

About Our Benefits

ABS Bureau proudly offers a variety of industry-leading benefits designed to enhance the life and well-being of our employees and their families. These benefits include, but are not limited to, medical insurance (PPO and HD), dental and vision insurance, Health Savings Account (HSA), Flexible Savings Account (FSA), life insurance, accidental death and dismemberment insurance, disability leave programs, parental leave program, paid holidays, and paid vacation time. The Company provides an Employee Assistance Plan (EAP) that offers support in personal wellness, including work-life services. ABS Bureau also offers a 401K plan with a generous company match, subject to plan requirements.

Equal Opportunity

ABS Bureau is committed to the equal employment opportunity of its employees and prohibits discrimination against any employee or qualified applicant based on race, color, creed, religion, national origin, sex, gender identity, age, disability, marital status, sexual orientation, citizenship status or veteran status, or other non-work-related characteristics that may be protected under the law of the Federal Government or specific state employment laws.

Notice

ABS and Affiliated Companies (ABS) will not pay a fee to any third-party agency without a valid ABS Master Service Agreement (MSA) authorized and signed by Human Resources. Any resume, CV, application, or other forms of candidate submission provided to any employee of ABS without a valid MSA on file will be considered property of ABS, and no fee will be paid.

Other

This job description is not intended, and should not be construed, to be an all-inclusive list of responsibilities, skills, efforts or working conditions associated with the job of the incumbent. It is intended to be an accurate reflection of the principal job elements essential for making a fair decision regarding the pay structure of the job. #ogjs