FinOps Project Manager

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Project Manager job description includes overseeing the financial and operational aspects of Information Technology projects. They play a crucial role in ensuring the successful delivery and completion of projects while maintaining cost efficiency, performance, and proper utilization of resources.

The primary responsibilities of a FinOps Project Manager involve planning, executing, and closing IT projects. They coordinate and communicate with team members, stakeholders, and upper management to ensure a seamless transition of project goals, timelines, and budgets. The manager continuously monitors and analyzes project performance, taking corrective action when required, to meet financial targets.

Key skills required for a FinOps Project Manager include strong financial knowledge, advanced analytics, excellent communication, and organization abilities. They should possess expertise in IT systems, project management methodologies, and have a thorough understanding of industry trends.

Overall, the primary aim of a FinOps Project Manager is to effectively align financial management with IT project execution, ensuring projects are completed on time and within allocated budgets, while meeting the organization's objectives.

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Job Duties and Responsibilities

  • Planning and managing FinOps projects from start to finish, ensuring that they are completed on time and within budget
  • Coordinating and communicating with project stakeholders, including clients, team members, and vendors, to keep everyone informed and engaged
  • Creating and maintaining detailed project plans and schedules, outlining tasks, milestones, and deadlines
  • Monitoring project progress, addressing any issues or delays, and making adjustments as needed to stay on track
  • Allocating and tracking project resources, such as finances, personnel, and equipment
  • Ensuring that project goals and objectives are aligned with overall company strategy and financial goals
  • Managing and mitigating risks that may impact the project's budget, timeline, or deliverables
  • Evaluating project outcomes, identifying lessons learned, and implementing improvements for future projects
  • Ensuring compliance with industry standards, regulations, and best practices related to FinOps
  • Collaborating with other departments and team members to optimize project efficiency and effectiveness

Experience and Education Requirements

To work as a FinOps Project Manager in the IT industry, you typically need a bachelor's degree in finance, business, or a related field. Some companies might accept relevant certifications or associate's degrees with experience as an alternative. You should also have strong project management skills, often shown through certification like PMP or Prince2. Employers usually expect a few years of relevant work experience in financial operations, IT, or project management. Lastly, understanding of cloud computing and cost optimization is a plus, as well as good communication and problem-solving abilities to lead diverse teams.

Salary Range

The FinOps Project Manager salary range in the United States typically falls between $80,000 and $120,000 per year. This range varies depending on factors such as experience, location, company size, and industry. For those with more experience or working in high-demand cities like San Francisco and New York, you can expect salaries to be higher at over $130,000 per year. Outside the US, a FinOps Project Manager's salary in the United Kingdom is approximately £50,000 - £70,000 per year, while in Australia it's around AUD 90,000 - AUD 150,000 annually. 

Sources: 

  1. https://www.glassdoor.com/Salaries/finops-project-manager-salary-SRCH_KO0,22.htm 
  2. https://www.payscale.com/research/UK/Job=ProjectManager%2CInformationTechnology(IT)/Salary 
  3. https://www.seek.com.au/FinOps-jobs

Career Outlook

The career outlook for a FinOps Project Manager in the Information Technology industry is bright for the next 5 years. This role is important in helping businesses improve their financial outcomes. As companies continue to adopt cloud services, FinOps becomes more valuable. This means more job opportunities for FinOps Project Managers.

We can expect a high demand for skilled professionals in this field. This job will grow alongside the IT industry. So if you're interested in becoming a FinOps Project Manager, now is a great time to jump in.

Sources:

  • https://www.finopsfoundation.org/
  • https://www2.deloitte.com/us/en/pages/consulting/articles/technology-industry-outlook.html

Frequently Asked Questions (FAQ)

Q: What does a FinOps Project Manager do?

A: A FinOps Project Manager oversees financial operations in IT projects, including budgeting, forecasting, and cost optimization for better financial and business outcomes.

Q: What skills are required for this job?

A: Skills required can include project management, financial analysis, cost optimization, and strong communication abilities to work with teams.

Q: Do I need a degree for this job?

A: Most FinOps Project Manager positions require a bachelor's degree in finance, business, or a related field, along with relevant work experience.

Q: What is a typical salary for this role?

A: Salaries can vary widely based on industry, location, and experience, but a typical range is $75,000 to $120,000 per year.

Q: Can I advance in this career?

A: Yes, with experience and a strong performance record, you can advance to higher-level management positions, such as director or vice president of financial operations.


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