Senior Specialist, IT Category Financial Analysis
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Job Location:
North Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
6 hours ago
Vacancies:
1 Vacancy
Job Summary
Purpose
The Senior Specialist IT Category Financial Analyst supports the strategic management of IT spend categories (SaaS Servers Storage Network Cloud Professional Services Outsourced Services Contract Labor etc.) by developing and maintaining robust financial analyses forecasts and savings models. This role enables data-driven sourcing decisions quantifies procurement savings and delivers insightful reporting to senior stakeholders.
NOTE: This will be a hybrid role in North Chicago (3 days in office / 2 days remote)
Responsibilities
- Develop and maintain financial models for IT procurement categories to support sourcing strategy vendor negotiations and cost optimization initiatives.
- Build forecasting models for IT spend and track savings compared to targets and benchmarks.
- Partner with IT category managers to analyze spend patterns vendor performance and identify cost reduction opportunities.
- Prepare and deliver regular reports on procurement financial performance savings and value delivery to senior IT leadership and key stakeholders.
- Conduct variance analyses against contract baselines/forecasts and generate actionable insights for management.
- Support the development and refinement of total cost of ownership (TCO) models for major IT procurement initiatives.
- Ensure reporting accurately reflects savings methodology (e.g. cost avoidance vs. P&L savings) and is aligned with procurement and finance policy.
- Provide financial support on business cases for new IT investments contract renewals and supplier proposals.
- Perform ad-hoc analysis to support management decisions or respond to stakeholder requests.
- Collaborate across Procurement IT and Finance teams to advance strategic sourcing goals.
- Support IT category managers by delivering relevant insights from 3rd party market intelligence platforms.
Qualifications :
- Bachelors degree in Finance Accounting Business Economics or related field.
- 4 years of progressive experience in consulting finance or procurement analytics preferably in a global organization.
- Strong analytical modeling and problem-solving skills with experience in savings calculation methodologies.
- Experience working with diverse cross-functional teams and communicating with executive stakeholders.
- Advanced Excel PowerBI and/or Spotfire skills; experience with procurement systems (e.g. Coupa SAP Ariba) and spend analytics systems (e.g. Sievo) a plus.
Additional Information :
Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time ofthis posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic locationand we may ultimately pay more or less than the posted range. This range may be modified in the future.
We offer a comprehensive package of benefits including paid time off (vacation holidays sick) medical/dental/vision insurance and 401(k) to eligible employees.
This job is eligible to participate in our short-term incentive programs.
Note: No amount of pay is considered to be wages or compensation until such amount is earned vested and determinable. The amount and availability of anybonus commission incentive benefits or any other form of compensation and benefits that are allocable to a particular employee remains in the Companys soleand absolute discretion unless and until paid and may be modified at the Companys sole and absolute discretion consistent with applicable law.
AbbVie is an equal opportunity employer and is committed to operating with integrity driving innovation transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.
US & Puerto Rico only - to learn more visit & Puerto Rico applicants seeking a reasonable accommodation click here to learn more:
No
Employment Type :
Full-time
Key Skills
- SQL
- Active Directory
- Information Technology
- Access Points
- System Software
- Database
- Infrastructure
- Linux
- Project Management
- Internet
- Troubleshoot
- PC
- Procedures
- Setup
- hardware
About Company
AbbVie is a global biopharmaceutical company focused on creating medicines and solutions that put impact first for patients, communities, and our world. We aim to address complex health issues and enhance people's lives through our core therapeutic areas: immunology, oncology, neuro ... View more
