Financial Analyst of IT Spend

This role resides within our Technology Business Unit, based in the vibrant city of Skopje. Our spacious office hosts a diverse team of over 100 skilled professionals across four core disciplines: Technology, Data, Motion Design, and Marketing. Our unwavering commitment is to foster global collaborations, tirelessly crafting forward-thinking solutions for prestigious clients like Meta, TikTok, eBay, Netflix, and others

JOB PURPOSE

We are looking for a skilled Financial Analyst to manage and optimize IT licensing and spend, working closely with the IT support team. This role focuses on performing financial analysis, tracking licensing costs, managing spend using tools like NetSuite, Expensify, and SpendHound, and ensuring governance around IT budgets. The ideal candidate will be responsible for identifying trends, prioritizing clean-ups, generating insightful reports, and driving financial optimizations in IT licensing and software expenditure.

KEY RESPONSIBILITIES

- Financial Analysis of IT Spend
- Perform in-depth financial analysis of IT licensing and software spend using tools such as NetSuite, Expensify, Pleo, SpendHound, and Okta.
- Perform quarterly analysis of IT Spend on company owned credit cards.
- Identify spending trends and variances to provide actionable insights for cost-saving initiatives.
- Analyze different licensing models and their financial impact to recommend optimal solutions.

- License and Spend Governance
- Ensure proper governance and compliance for IT licensing spend, adhering to company policies and industry standards.
- Collaborate with IT to track, verify, and control software licensing purchases and renewals.
- Develop processes to maintain accountability and transparency in IT expenditure.

- Cost Optimization and Reporting
- Create overview and continuous reports with a breakdown of license usage per business team.
- Identify opportunities for cost savings in IT licensing and software purchasing, negotiating with vendors when needed (joint efforts with Asset Owners and Global Heads of IT / Support).
- Track and report on financial savings achieved through better licensing and spend management.
- Work closely with IT to prioritize license clean-ups and consolidation efforts that can result in financial efficiencies.
- Use data from spend analysis tools to identify patterns, predict future trends, and make informed recommendations.
- Generate regular visualizations to clearly communicate financial performance metrics.

- Budget Tracking and Forecasting
- Collaborate with the finance team to maintain accurate records of IT spend and provide forecasts for future budget requirements.
- Regularly review and audit IT expenses, ensuring that they align with the allocated budget and business objectives.
- Contribute to the preparation of financial forecasts and reports to senior management.

- Client Related Costs Analysis
- Check if licensing / cloud costs needed for client projects are passed through and with the right markup
- Check if subscriptions are canceled (or downscaled) when a client project stops to exist.
- Work with Operational Directors to identify areas where costs can be passed through to clients.

In this role you work closely together with an IT Support Specialist that has a focus on account & license management. Also, close collaboration with FP&A and Operations is required to ensure we get a holistic overview on IT spend and purposes.

WHAT WE ARE LOOKING FOR

- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- At least 3 years of experience in financial analysis.
- Proficiency with financial tools and software.
- Strong analytical skills with experience in data analysis, trend forecasting, and budgeting.
- Ability to create understandable reports and financial presentations for stakeholders.
- Experience working in a cross-functional environment, particularly with IT teams is preferred.
- Familiarity with vendor management and contract negotiations is a plus.
- Excellent communication skills with the ability to translate complex financial data into clear recommendations.
- Strong organizational and prioritization skills, capable of managing multiple financial projects simultaneously.
- Collaborative mindset, working effectively across teams to achieve shared financial and operational goals.

WE OFFER

- Hybrid working: you have the choice to work from our office or remotely.
- Stay happy and healthy with a contribution to your health through the OpenUp platform and access to private health insurance.
- Monthly public transportation card as part of our ongoing effort to protect the environment.
- Health and wellness benefits through a Sportmaster card with which you may do sports activities each day in different locations.
- Profit-sharing bonuses at the end of each year along with a referral bonus upon each successful hire.
- Refreshments are provided in the office all week, as well as drinks at 4pm on a Friday (more details about the office life can be found here);
- A reputation for doing good. DEPT® has been a Certified B Corp® since 2021 and named ‘Agency of the Year’ at both The Lovies and The Webby Awards.
- Awesome clients. Whether big or small, local or global — at DEPT® you’ll get the opportunity to work with clients of all sizes and across all industries. And we celebrate all of our successes together!
- The opportunity for possibility. We want to enable you to do what you do best and help you develop your skills further with training, development and certifications.
- Global annual DEPT® Cares Month in which employees come together and donate their skills to support local charities.

WHO ARE WE? 

We are pioneers at heart. What does that mean? We are always looking forward, thinking of what we can create tomorrow that does not exist today. We were born digital and we are a new model of agency, with a deep skillset in tech and marketing. That’s why we hire curious, self-driven, talented people who never stop innovating. 

Our culture is big enough to cope and small enough to care. Meaning, that with people across 30+ countries, we’re big enough to provide you with the best tools, global opportunities, and benefits that help you thrive. While acting small by investing in you, your growth, your team, and giving you the autonomy to solve our clients problems, no matter where you are in the world.

DIVERSITY, EQUITY & INCLUSION 

At DEPT®, we take pride in creating an inclusive workplace where everyone has an equal opportunity to thrive. We actively seek to recruit, develop, nurture, and retain talented individuals from diverse backgrounds, with varying skills and perspectives.

Not sure you meet all qualifications? Apply, and let us decide! Research shows that women and members of underrepresented groups tend not to apply for jobs when they think they may not meet every requirement, when in fact they do. We believe in giving everyone a fair chance to shine.

We also encourage you to reach out to us and discuss any reasonable adjustments we can make to support you throughout the recruitment process and your time with us.

Want to know more about our dedication to diversity, equity, and inclusion? Check out our efforts here.