Senior IT Cost Management Analyst Job at Stanbic IBTC Bank Plc

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Job Title: Senior IT Cost Management Analyst

Job ID: 11958

Location: Lagos, Nigeria

Company: Stanbic IBTC Bank Plc

Parent Company: Standard Bank Group

Sector: Banking and Finance

Division: Group IT

Position Category: Group IT  Architecture

Employment Type: Full Time – Permanent

Shift: No

Regulatory Approval: Yes

Position Description:  – Provide leadership and coordination of IT cost management, financial planning and budget management functions. – Provide leadership and oversight of Business Support weekly spend against budget, working closely with the cost management teams of the respective units that fall under Business Support (Ops & P&P)

Job Responsibilities:

•    Coordinate IT financial planning and budget management activities

•    Develop models to track the total IT cost to deliver and maintain the IT services provided to the business.

•    Forecast, monitor, analyze  and report monthly capital & operating results against budget

•    Oversee daily operations of the IT finance & budget department.

•    Monitor and enforce operational and internal control procedures

•    Create, apply and control financial procedures and forms, ensuring that each transaction and payment has the necessary approval and justification.

•    Track operational metrics such as utilization, service levels, and support tickets along with cost.

•    Develop cost allocation models for chargeback and show back to Business unit.

•    Work with department managers and corporate staff to develop strategic goals and objective business plans for the department.

•    Coordinate and manage the preparation of budgets, cash-flow forecast and financial management reports on monthly and ad hoc basis to aid strategic decision making

•    Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.  

•    Conduct the RFQ, quote analysis, vendor negotiations, motivation, internal approvals, PO creation, contracting and award of work to key contractors and suppliers for both goods and services.  

•    Conduct cost benchmarking against industry averages or common metrics

•    Evaluate business opportunities to maximize cost savings, while ensuring delivery of the best quality and service.  

•    Monitor IT asset movement and develop, implement and enforce processes and controls within IT department to assist IT asset tracking

Required Skills and Qualifications:

Qualification:

•    Bachelor's Degree or higher in Accounting, Financial, Engineering or related field

•    Project Management certification

Experience:

•    Minimum of 6 years working experience  

•    At least 2- 4 years' experience in Finance and budgeting and experience in financial analysis

Required Competencies:

Requirements:

•    Sound Knowledge of IT and IT infrastructure.

•    Sound project management knowledge

•    Ability to analyze financial data and prepare financial reports, statements and projections.

•    Working knowledge of short and long term budgeting and forecasting,

•    Computer literacy in MS Office – Word, Excel, PowerPoint

•    Good command in written and spoken English

•    Analytical and problem solving skills,

•    effective verbal, listening and written communications skills

•    Ability to work unsupervised and develop on the job

•    Ability to participate in and facilitate group meetings.

Personal Attributes:

•    Be honest and trustworthy

•    Good interpersonal relations

•    Willingness to put in extra time and effort when required

•    Ability to work under pressure

•    Be flexible

•    Demonstrate sound work ethics

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