IT Cost Management Analyst

SOFT's client located in New York, NY ( Hybrid ) is looking for a IT Cost Management Analyst for a long term contract assignment.

This is a hybrid role with 3 days on site (or more as needed) and 2 days remote, * Lead and execute TBM Expense Transparency activities across all IT divisions, ensuring consistent financial reporting, allocation logic, and cost modeling practices.

• Manage the ongoing development, maintenance, and refinement of TBM related financial models and reporting frameworks (e.g., cost allocation models, service tower mappings, run/innovate categorization).
• Partner with Service Owners to validate financial inputs, align cost structures, and improve understanding of IT expense drivers.
• Maintain and support the reporting used to communicate spend insights to stakeholders.
• Validate or enhance/update TBM related allocation methodologies
• Ensure accuracy, defensibility, and clarity of financial reporting by continuously refining data sources, mapping logic, allocation rules, and cost modeling assumptions.

• Demonstrated experience in Technology Business Management (TBM), IT financial management, or cost transparency initiatives.
• Strong understanding of IT departmental financial operations, including:

o Budgeting & forecasting

o Cost allocation

o Procurement processes

o Contract management

o Financial reporting and analysis

• Advanced Microsoft Excel skills (data modeling, complex formulas, pivoting, automation, scenario analysis).
• Ability to collaborate with IT, Finance, and business stakeholders at multiple levels.
• Proven ability to translate complex financial data into meaningful insights for non financial audiences.

Preferred Qualifications

• Familiarity with TBM tools, cost modeling practices, and cost transparency reporting (e.g., Power BI dashboards, allocation methodologies).
• Hands on experience with ServiceNow (ITFM, CMDB, service taxonomy, request/asset workflows).
• Experience with PeopleSoft financials or similar ERP systems., * Analytical and detail oriented, with strong problem solving skills.
• Effective communicator capable of facilitating discussions with technical and non technical stakeholders.
• Able to work independently, manage competing priorities, and deliver high quality outputs in a fast paced environment.
• Comfortable working with large, complex financial datasets and evolving TBM frameworks.
• Prior experience working with or supporting organizations within the client a plus.