Required Skills: PMO With VMO & IT Finance exp

Job Description

Title: PMO With (VMO & IT Finance exp) (This is not a project manager role)
Location: Iselin NJ (Onsite role) (Need local candidates only)
Client: Virtusa/ AWAC
 
JD:
Job Responsibilities and Skills 
Finance: Leadership position responsible for developing financial reporting, highlighting risks and variances while overseeing a budget/forecasting process and provide guidance on major financial
decisions.  
·       Work collaboratively with finance partners and technology senior leaders in preparing budgets, quarterly reports and tracking 
·       Analyzing expenses to make strategic recommendations for identifying issues, opportunities and/or additional controls to ensure proactively managing technology budget and actuals  
·       Forecasting and modeling skills to prepare 5-year forecasts based on multiple factors both internal and external 
·       Strong communication, presenting and relationship management skills to present and collaborate with senior leaders and ensuring accountability  
·       Technology savvy to work on automating reports and continual enhancements to eliminate/reduce manual errors, work-efforts 
 
Skills Needed 
o   Financial Analysis and Interpretation 
o   Strategic Thinking 
o   Risk Management 
o   Communication and Presentation 
o   Leadership and Team Management 
 
Vendor: Establish and maintain strategic vendor relationships and oversee all aspects of the vendor-life cycle 
·       Supervise a team to ensure appropriate controls and workflows are completed in a timely manner with the required oversight and reporting 
·       Produce reporting to monitor vendor onboarding, plan to actuals and offboarding  
·       Develop and implement a strategics vendor score to drive risk mitigation, operational resilience efforts and strategic partnerships, spend 
·       Invest in nurturing strong relationships with strategic partners to ensure high levels of service and rates 
·       Experience with operational resilience requirements and reporting for third party vendors 
 
Skills Needed 
o   Vendor Analysis and Interpretation 
o   Model/Score management  
o   Strategic Thinking 
o   Risk Management 
o   Communication and Presentation 
o   Leadership and Team Management 
 
Qualifications
Job Requirements: 
·       Bachelor’s degree in Business Administration, Finance, Supply Chain Management, or a related field; MBA or equivalent preferred. 
·       15+ years of progressive experience in IT VMO and IT Finance   
·       Exceptional communication and negotiation skills, with the ability to influence stakeholders at all levels of the organization. 
·       Demonstrated leadership experience, with the ability to lead cross-functional teams and drive results in a dynamic environment. 
·       Business domain knowledge of Insurance and/or Reinsurance or Financial Services in general will be an added advantage. 
 
IT VMO: 
o   Proven track record of developing and implementing successful vendor strategies that drive
business value and competitive advantage. 
o   Strong analytical skills, with the ability to conduct TCO analysis and make data-driven decisions. 
o   Proficiency in vendor management tools and technologies, with experience in contract management systems preferred. 
o   Develop and maintain relationships with vendors, review contracts and obligations, review
invoices and change orders for contract compliance  
o   Strong understanding of relevant regulations and compliance requirements in vendor management 
o   Understanding of IT Services outsourcing, Software Development Lifecyle, IT Infrastructure, type of contracts (T&M, Fixed Priced and Managed Services), Onshore, Offshore and Nearshore models. 
o   Ability to collaborate, advise and manage expectations of stakeholders, earning trust and building durable relationships. 
o   Self-starter, takes ownership and accountability, driven, focused, collaborative with ability to work through ambiguity. 
 
IT Finance: 
o   Plan, develop and manage budget for information technology operation and projects 
o   Ensure proper financial accounting methods, policies, procedures and principles as well as creating and maintaining fiscal files and records  
o   Monitor and analyze IT financial data and produce financial reports and statements and GAAP financial reporting 
o   Previous experience implementing automated financial reporting 
o   Establish appropriate KPI’s across the IT Organization to help support and improve efficiency & performance 
o   Experience with enterprise corporate finance systems and platforms 
o   Guide IT leadership in financial decision-making and promote financial transparency. 
o   Develop and improve processes for managing the IT budget, forecasts, and spending analysis. 
o   Work closely with Accounting, Finance, and IT leadership to track spending, analyze variances, and report financial metrics. 
o   Build frameworks to track and report on financial performance, including project value measurements  
o   Influence stakeholders to adopt changes that enhance transparency and accountability in IT spending