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Omega Healthcare
1 Omega Healthcare IT Manager Job
6-10 years
₹ 10 - 14L/yr
Bangalore / Bengaluru
1 vacancy
Manager - IT Budget and Financial Planning
Omega Healthcare
posted 29d ago
Fixed timing
Key skills for the job
Job Description: Manager (IT Budget and Financial Planning)
Position Title: Manager, IT Budget and Financial Planning
Department: Information Technology
Location: [Bangalore ]
Reports to: [Sr.VP-IT and Compliance]
Role Overview: The Manager of IT Budget and Financial Planning is responsible for overseeing the financial management, budget planning, and forecasting activities of the IT department. This role ensures that IT financial operations align with the strategic objectives of the organization and supports cost-effective technology investments.
Key Responsibilities:
Budget Development and Management:
Lead the preparation, development, and management of the IT departments annual budget, ensuring alignment with strategic plans.
Collaborate with IT leaders to identify financial needs for technology projects and operational expenses.
Monitor and track IT budget performance, conducting variance analysis and recommending corrective actions as needed.
Financial Planning and Analysis:
Conduct financial modeling, long-term planning, and scenario analysis to support decision-making for IT investments.
Analyze historical financial data and key performance indicators to provide insights into IT financial trends.
Prepare detailed financial reports, dashboards, and presentations for senior management to communicate financial status and budget forecasts.
Cost Management and Optimization:
Identify opportunities for cost savings and process improvements within the IT budget.
Collaborate with procurement and vendor management teams to negotiate contracts and optimize IT spend.
Implement financial best practices to ensure cost-efficiency in technology sourcing and usage.
Compliance and Financial Controls:
Ensure adherence to financial policies, accounting principles, and regulatory requirements.
Establish and maintain robust financial controls to mitigate risk and enhance audit readiness.
Partner with finance and accounting teams to manage financial audits related to IT budget activities.
Cross-functional Collaboration:
Work closely with cross-functional teams, including finance, procurement, and project management, to coordinate budgeting and financial planning efforts.
Support IT project managers with budget tracking and financial analysis for ongoing and upcoming projects.
Act as a liaison between IT and finance departments to streamline processes and ensure cohesive financial practices.
Strategic Contributions:
Contribute to the development of IT financial strategies that support the growth and scalability of the organization.
Provide insights and recommendations on cost-benefit analysis for IT investments and strategic initiatives.
Assist in evaluating the financial impact of IT strategies, mergers, and acquisitions.
Qualifications:
Key Competencies:
Employment Type: Full Time, Permanent
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Good until you have survive capability
Less growth and internal politics
Read 1 review6-10 Yrs
₹ 10 - 14L/yr
Bangalore / Bengaluru