FinOps Financial Tools Engineer

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Financial Tools Engineer job description includes designing, developing, and implementing financial tools and systems to streamline and optimize financial operations within the Information Technology industry. They have a strong understanding of various financial management practices and a deep technical expertise in software engineering, making them invaluable to both the Finance and IT departments of an organization.

Key responsibilities of a FinOps Financial Tools Engineer include identifying gaps in existing financial processes, researching and implementing new financial tools, and customizing these tools to fit the specific needs of the organization. They also work closely with teams across the organization to provide support and training on these financial tools, ensuring their seamless integration.

In order to excel in the FinOps Financial Tools Engineer role, one should possess strong communication skills, excellent problem-solving abilities, and a detailed understanding of financial operations. Additionally, proficiency in coding languages and a strong dedication to continuous learning is essential for staying up-to-date with the latest developments in the FinOps and IT fields.

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Job Duties and Responsibilities

  • Developing and maintaining financial tools: Ensure that the company's financial software and tools are up-to-date and working efficiently.
  • Collaborating with finance and IT teams: Work closely with both departments to make sure finance and tech initiatives align and support each other.
  • Analyzing financial data: Use various tools and software to analyze the company's financial data, helping to identify trends and areas for improvement.
  • Streamlining financial processes: Identify ways to make financial operations more efficient, saving time and money for the company.
  • Troubleshooting problems: Quickly identify and fix any issues with financial systems, tools, or processes to minimize disruptions.
  • Enhancing tool security: Work with IT security teams to ensure financial tools and software are protected against potential threats.
  • Customizing tools to fit business needs: Tailor financial tools and systems to better suit the unique needs and goals of the company.
  • Training finance staff: Teach finance employees how to properly use financial tools and systems, ensuring they can access and analyze the data they need.
  • Continual learning of industry advancements: Stay informed about new tools and technologies in the financial and IT sectors, helping the company stay competitive and efficient.
  • Evaluating software vendors: Research and compare financial software providers, helping make informed decisions about which tools best serve the company's needs.

Experience and Education Requirements

To become a FinOps Financial Tools Engineer, you should have a strong background in technology and finance. Typically, a bachelor's degree in computer science, finance, or a related field is required. Some employers may prefer a master's degree.

Experience with financial software and tools is essential, often requiring at least 2-5 years of work in the IT or finance sector. Hands-on experience with programming languages, databases, and cloud computing platforms is also important. Good communication and problem-solving skills are needed to work well in a team and understand clients' needs. Ongoing learning and staying updated with industry trends also helps in securing the job.

Salary Range

The FinOps Financial Tools Engineer salary range varies depending on several factors such as experience, location, and company size. In the United States, the average base salary for this role falls between $82,000 and $120,000 per year. However, this number can fluctuate based on factors like additional benefits, bonuses, or stock options. For those seeking opportunities outside of the United States, the UK offers comparable salaries ranging from £45,000 to £70,000 annually, while in Canada, FinOps Financial Tools Engineers can expect to earn between CAD$70,000 and CAD$110,000. Always remember to research local job markets to get the most accurate information for your specific situation.

Sources:

  1. https://www.glassdoor.com/Salaries/financial-tools-engineer-salary-SRCH_KO0,23.htm
  2. https://www.payscale.com/research/UK/Job=Software_Engineer/Salary
  3. https://www.payscale.com/research/CA/Job=Software_Engineer/Salary

Career Outlook

The career outlook for a FinOps Financial Tools Engineer looks very promising. This job role is growing in the Information Technology industry. Over the next 5 years, more companies are expected to adopt FinOps practices. As businesses move to the cloud, they will need experts to help them manage their finances efficiently. Financial Tools Engineers will be in high demand to create solutions that improve the cost and productivity of cloud operations. Job seekers with FinOps skills have a great chance of finding rewarding positions in the near future.

Sources:

  1. https://www.finops.org/news/finops-foundations-seven-keys-to-effective-cloud-financial-management-in-2021/
  2. https://www.gartner.com/smarterwithgartner/creating-a-cloud-center-of-excellence/

Frequently Asked Questions (FAQ)

Q: What does a FinOps Financial Tools Engineer do?

A: They develop and maintain financial tools and software used by finance professionals to analyze and manage finances in a company.

Q: What skills are needed for this job?

A: Strong programming skills, knowledge of finance concepts, and experience with financial tools or software.

Q: Do I need a finance background to be a FinOps Engineer?

A: No, but understanding finance concepts and having experience with financial tools is helpful.

Q: What programming languages do FinOps Engineers use?

A: Common languages include Python, Java, and C++. Specific languages may depend on the company's existing tools.

Q: What education is required for this role?

A: Typically, a bachelor's degree in computer science, finance, or a related field is required.


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