FinOps Financial Intelligence Analyst

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Financial Intelligence Analyst job description includes key responsibilities such as analyzing financial data, identifying trends, and providing valuable insights to help companies optimize their financial operations. These professionals play a critical role in the Information Technology industry, as they help businesses make data-driven decisions to control costs and boost profitability.

In their daily tasks, a FinOps Financial Intelligence Analyst collects and assesses financial information from various sources, which they then use to create reports, forecasts, and recommendations for improving financial performance. They also collaborate with other team members to implement cost-saving measures, monitor progress, and adjust strategies as needed.

As a FinOps Financial Intelligence Analyst, one must possess strong analytical skills, excellent attention to detail, and be comfortable working with large data sets. Additionally, having a solid understanding of financial principles, accounting, and business operations is crucial to succeed in this role.

The FinOps Financial Intelligence Analyst position is ideal for individuals who are passionate about using their financial expertise to drive business growth and ensure the efficient use of resources. This rewarding career path offers opportunities for growth, development, and advancement within the Information Technology industry.

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Job Duties and Responsibilities

  • Review and analyze financial information to identify potential risks and opportunities in the IT industry.
  • Conduct cost-benefit analysis for various IT projects and initiatives to guide decision-making and resource allocation.
  • Monitor and evaluate the performance of IT investments and identify trends, anomalies, and potential areas for improvement.
  • Create and maintain financial models to forecast and track key financial metrics for the IT industry.
  • Collaborate with teams across the organization to gather financial data, share insights, and support strategic planning efforts.
  • Develop and present clear, data-driven reports and recommendations to senior management to support informed decision-making.
  • Stay current on emerging trends, best practices, and technologies in the IT industry, and incorporate this knowledge into financial analyses and recommendations.
  • Manage and maintain financial databases and ensure the accuracy and integrity of financial data.
  • Continuously assess and identify opportunities to optimize financial processes, tools, and methodologies to enhance efficiency and effectiveness.
  • Support a culture of financial accountability and transparency by promoting open communication and collaboration around financial matters.

Experience and Education Requirements

To become a FinOps Financial Intelligence Analyst, a bachelor's degree in finance, accounting, or a related field is usually needed. Some companies may prefer a master's degree. Familiarity with the IT industry is beneficial. Hands-on experience in financial analysis or operations is often required, which can be gained through internships or entry-level jobs. Strong skills in data analysis, such as using Excel, are essential. Additionally, good communication skills, the ability to work under pressure, and a keen eye for spotting financial trends will help you succeed in this role.

Salary Range

The FinOps Financial Intelligence Analyst salary range is highly dependent on factors such as experience, education, and location. In the United States, the average annual salary for an entry-level professional falls between $65,000 and $80,000. As employees gain experience and become more skilled, their salary can reach upwards of $120,000 per year.

In countries like the United Kingdom, a FinOps Financial Intelligence Analyst can expect to earn approximately £45,000 to £60,000 annually. Similar salary ranges can be found in other major economies like Australia or Canada, where they typically start around CAD 70,000 or AUD 85,000, respectively.

Sources:

  1. https://www.glassdoor.com/Salaries/financial-intelligence-analyst-salary-SRCH_KO0,28.htm
  2. https://www.payscale.com/research/UK/Job=Financial_Analyst/Salary
  3. https://www.payscale.com/research/AU/Job=Financial_Analyst/Salary

Career Outlook

The career outlook for a FinOps Financial Intelligence Analyst in the Information Technology industry looks promising over the next five years. This job role is expected to grow due to increasing demand for financial analysis and automated systems. Businesses and organizations will continue to seek skilled analysts who can improve their financial operations using technology. As FinOps specialists gain more expertise, they will be able to advance in their careers and earn higher salaries. Overall, the job prospects for a FinOps Financial Intelligence Analyst in IT are on the rise, making it an attractive career choice.

Sources:

  1. https://www.zippia.com/financial-operations-analyst-jobs/trends/
  2. https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/rising-competition-for-talent-in-technology-analytics.html

Frequently Asked Questions (FAQ)

Q: What does a FinOps Financial Intelligence Analyst do?

A: They analyze financial data, monitor financial operations and processes, and detect potential risks or fraud within IT companies.

Q: Is previous finance experience needed for this job?

A: Yes, a background in finance or a related field is essential for understanding financial data and operations.

Q: What skills are needed for this role?

A: Analytical thinking, attention to detail, strong communication, and problem-solving skills are crucial for this job.

Q: What are the main responsibilities?

A: They identify financial anomalies, assess risks, create reports, and provide recommendations to improve financial operations.

Q: What education is required for this job?

A: A bachelor's degree in finance, accounting, or a similar field is typically required for this role.


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