Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for an experienced Senior IT Cost Management Analyst to join our dedicated team at our IT offices.
Job Title: Senior IT Cost Management Analyst
Job ID: 11958
Location Nigeria
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
Application Closing Date
16th August, 2013
Method of Application
Interested and qualified candidates should
Click here to apply online