Allied World
Job Description - IT Finance Manager (2500004O)
Position Summary
We are seeking a highly skilled Finance Manager with strong expertise in financial oversight, budget management, and vendor relations to oversee our IT organization's financial operations within the insurance sector. The ideal candidate will ensure optimal allocation of IT financial resources, implement robust cost control measures, and provide strategic financial guidance to support IT initiatives that align with business objectives.
Key Responsibilities
Develop and manage comprehensive IT budgets, including forecasting, allocation, and tracking of expenditures across all IT departments Oversee vendor management processes including contract negotiations, SLA monitoring, and cost optimization strategies for IT service providers Implement financial controls and governance frameworks to ensure compliance with corporate financial policies and regulatory requirements Conduct regular financial analysis to identify cost-saving opportunities, optimize IT spending, and maximize return on technology investments Prepare and present detailed financial reports and dashboards for executive leadership, highlighting budget variances and financial performance metrics Collaborate with IT leadership to develop financial strategies that support technology roadmaps and digital transformation initiatives Lead financial planning for IT capital expenditures and operational expenses, ensuring alignment with business priorities Manage procurement processes for IT assets and services, ensuring best value and compliance with organizational policies Develop and maintain financial risk management strategies for IT investments and vendor relationships Qualifications
Compensation The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards. $150,000 - $160,000 Professional Experience / Qualifications 7+ years of experience in financial management within IT organizations, preferably in the insurance industry Strong understanding of IT financial management principles, budgeting methodologies, and vendor management practices Proven track record in cost optimization and financial analysis for technology investments Experience with financial management systems and IT financial reporting tools Excellent negotiation skills with demonstrated success in vendor contract management Strong leadership abilities with experience managing finance teams in complex organizations Advanced Excel skills and proficiency with financial management software Bachelor's degree in finance, Accounting, Business Administration, or related field; MBA or CPA preferred Knowledge of insurance industry financial regulations and compliance requirements a plus Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law. To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.
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Develop and manage comprehensive IT budgets, including forecasting, allocation, and tracking of expenditures across all IT departments Oversee vendor management processes including contract negotiations, SLA monitoring, and cost optimization strategies for IT service providers Implement financial controls and governance frameworks to ensure compliance with corporate financial policies and regulatory requirements Conduct regular financial analysis to identify cost-saving opportunities, optimize IT spending, and maximize return on technology investments Prepare and present detailed financial reports and dashboards for executive leadership, highlighting budget variances and financial performance metrics Collaborate with IT leadership to develop financial strategies that support technology roadmaps and digital transformation initiatives Lead financial planning for IT capital expenditures and operational expenses, ensuring alignment with business priorities Manage procurement processes for IT assets and services, ensuring best value and compliance with organizational policies Develop and maintain financial risk management strategies for IT investments and vendor relationships Qualifications
Compensation The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards. $150,000 - $160,000 Professional Experience / Qualifications 7+ years of experience in financial management within IT organizations, preferably in the insurance industry Strong understanding of IT financial management principles, budgeting methodologies, and vendor management practices Proven track record in cost optimization and financial analysis for technology investments Experience with financial management systems and IT financial reporting tools Excellent negotiation skills with demonstrated success in vendor contract management Strong leadership abilities with experience managing finance teams in complex organizations Advanced Excel skills and proficiency with financial management software Bachelor's degree in finance, Accounting, Business Administration, or related field; MBA or CPA preferred Knowledge of insurance industry financial regulations and compliance requirements a plus Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law. To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.
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