IT Finance and Procurement Analyst

IT Finance and Procurement Analyst

Location: US-WA-Seattle

Address: 425 Pike Street

ID: 2024-3117

Category: Technology

Position Type: Full Time

Salary: USD $80,000.00 - $90,000.00/Yr.

Job Summary

We are seeking an experienced IT Finance and Procurement Analyst to join our team at WaFd Bank. In this role, you will support the organization's IT financial planning, procurement, and analysis processes related to IT expenditures and investments. This role will involve monitoring IT budgets, coordinating procurement activities, managing vendor relationships, and ensuring that all financial and purchasing operations align with the company's goals and compliance standards.

The ideal candidate will possess strong analytical, negotiation, and communication skills, with a deep understanding of financial and procurement processes in a technology-driven environment. Along with the key functions listed below, this position will be expected to uphold the value WaFd Bank places on simply being kind when servicing our colleagues and clients.

Role and Responsibilities

Financial Planning and Analysis:

• Assist in developing and maintaining IT budgets, forecasts, and financial models.
• Analyze IT expenditures on cloud services, infrastructure, software, and hardware purchases to ensure they align with department goals and the overall company strategy.
• Facilitate conversations on cost-saving opportunities and recommend efficient resource allocation.
• Perform variance analysis, track spending against budgets, and provide detailed financial reports to management.
• Support the preparation of long-term financial planning for IT projects and capital investments.

PO Systems Admin:

• Responsible for the upkeep of the PO system and implementing new features as needed.
• Works closely with accounting to continuously improve the invoice management processes.
• Ensures accountability through the PO system process.
• Maintains adequate documentation for colleagues to use the system appropriately.
• Reports on POs/Invoices.

Procurement Operations:

• Facilitate the end-to-end procurement process for IT hardware, software, and services, ensuring timely delivery and budget adherence.
• Work closely with IT, Vendor Management, and Finance & Accounting teams to define procurement needs, prioritize purchases, and manage vendor selection.
• Work with business owners to negotiate contracts, terms, and pricing with vendors to secure favorable deals.
• Maintain relationships with key vendors and ensure contract compliance.

Vendor Management:

• Monitor vendor performance and ensure adherence to service level agreements (SLAs).
• Review and manage vendor contracts, ensuring timely renewals and adherence to company policies.
• Identify opportunities for cost-saving initiatives and efficiencies within the IT procurement process.

Compliance and Risk Management:

• Ensure procurement activities comply with relevant policies, legal requirements, and corporate governance standards.
• Monitor and mitigate risks related to procurement contracts, vendor relationships, and financial expenditures.
• Participate in audits and compliance reviews as necessary.

Reporting and Documentation:

• Prepare regular reports on IT financial performance, procurement activities, and vendor relationships for IT Leadership.
• Maintain accurate and up-to-date records of all procurement activities, contracts, and financial transactions.

Qualifications

Qualifications and Education Requirements:

• Minimum of 3-5 years of experience in finance, procurement, or IT financial management, preferably in a technology-driven organization.
• Certified Public Accountant certification a plus.
• Strong knowledge of financial analysis, budgeting, and procurement operations.
• Proficiency in procurement software and financial management tools (e.g., Concur or similar systems).
• Excellent negotiation, problem-solving, and communication skills.
• Strong attention to detail and ability to work independently in a fast-paced environment.

Skills:

• Advanced Microsoft Excel skills for financial modeling and analysis.
• Experience in creating PowerBI dashboards and reports to convert data to insight to action using data visualization and analysis.
• Strong analytical mindset and ability to present complex data clearly and concisely.
• Familiarity with IT asset management and lifecycle planning.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.

Benefits

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays.
• Health insurance.
• Stock options.
• Bonus programs.
• Generous 7% 401(k) employer matching.
• Paid Parental Leave.
• Life and AD&D insurance.
• Long-term disability.
• Tuition Reimbursement.
• Employee assistance programs.
• Pre-tax health and dependent-care spending plans.

EEO Statement

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375.