Technology Budget Senior Specialist

Posted 13 Days Ago
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New York, NY, USA
In-Office
115K-130K Annually
Senior level
Legal Tech
The Role
Leads IT financial planning, budgeting, forecasting, expense management, procurement oversight, vendor financial governance, and executive reporting for a $70 million-$100 million technology portfolio. Manages operating and capital budgets across software, hardware, cloud, AI, telecommunications, infrastructure, and managed services. Establishes FinOps and cost optimization practices, identifies financial risks and savings opportunities, and partners with IT, Finance, Procurement, Legal, vendors, and senior executives.
Summary Generated by Built In
Overview

The Technology Budget Senior Specialist is responsible for leading financial planning, budgeting, procurement oversight, expense management, and financial governance for the Information Technology organization. This role manages annual operating and capital budgets, including a technology budget, provides executive-level financial insights, and partners closely with IT leadership, Finance, Procurement, Legal, vendors, and project teams to ensure technology investments are planned, governed, optimized, and aligned with business priorities.


The successful candidate will bring strong IT finance, procurement, vendor management, and analytical capabilities, along with demonstrated experience managing a technology budget of $70 million or greater. This individual must be able to operate independently, manage complex technology spend, identify financial risks and savings opportunities, and communicate clearly with senior stakeholders. The role will support financial discipline across software, hardware, cloud, artificial intelligence, telecommunications, infrastructure, managed services, and strategic project investments.

Responsibilities

Financial Planning & Budget Management

  • Lead annual IT operating and capital budget planning, forecasting, variance analysis, and financial reporting for a technology budget of $70 million-$100 million.
  • Develop and maintain multi-year financial plans aligned with technology strategy, business priorities, and investment roadmaps.
  • Produce concise executive-level financial reports, dashboards, presentations, and recommendations for the CIO, CFO, and senior leadership.
  • Partner with Finance to reconcile budgets, refine forecasts, track commitments, and maintain financial accuracy and transparency.
  • Monitor budget performance and proactively identify financial risks, variances, trends, and corrective actions.
  • Establish consistent budgeting, forecasting, reporting, and financial management practices across the Information Technology organization.

Technology Portfolio & Expense Management

  • Manage the financial lifecycle of software, hardware, telecommunications, cloud, managed services, infrastructure, and project-related expenses.
  • Track actual spend against budgets, forecasts, allocations, contractual commitments, and approved initiatives.
  • Work with IT leaders, Project Managers, and PMO teams to manage departmental budgets, discretionary funding, capital projects, and emerging financial risks.
  • Identify savings opportunities, utilization trends, and areas for improved cost accountability across the technology portfolio.
  • Provide financial analysis and actionable recommendations to support technology investment decisions.
  • Maintain visibility into technology investments and ensure expenses are appropriately categorized, allocated, tracked, and reported.

IT Procurement & Vendor Management

  • Lead financial oversight of vendor engagements, procurement activities, renewals, purchase orders, invoices, accruals, and Statements of Work.
  • Serve as a primary contact for vendor financial matters, ensuring timely resolution of billing, reconciliation, and payment issues.
  • Partner with Procurement and Legal to support contract governance, financial due diligence, negotiation preparation, and compliance with internal processes.
  • Maintain visibility into vendor spend, contractual obligations, renewal timelines, and procurement pipeline activity.
  • Analyze vendor costs and commercial terms to identify savings, consolidation, and contract optimization opportunities.
  • Support vendor performance reviews by providing accurate financial, contractual, and spending data.

Cloud FinOps & AI Cost Management

  • Establish and support FinOps practices for cloud infrastructure, SaaS platforms, and consumption-based technology services.
  • Monitor, forecast, and analyze variable cloud, infrastructure, and AI-related expenses, including token-based AI consumption costs.
  • Partner with infrastructure, engineering, product, and business teams to improve usage tracking, predictive forecasting, cost allocation, and optimization practices.
  • Develop reporting that provides clear visibility into cloud, SaaS, and AI consumption trends.
  • Identify opportunities to optimize cloud and AI expenses while maintaining required service levels and business capabilities.

Governance & Continuous Improvement

  • Implement financial controls, reporting standards, and governance processes across IT budgeting, forecasting, procurement, invoicing, and expense management.
  • Drive continuous improvement in financial processes, data accuracy, transparency, and investment reporting.
  • Promote accountability for technology spend and provide actionable insights to improve decision-making.
  • Develop consistent processes, documentation, and reporting standards for technology financial management.
  • Ensure financial activities comply with organizational policies, approval requirements, and governance standards.
  • Identify opportunities to strengthen controls, streamline workflows, and improve the accuracy and timeliness of financial reporting.

Compensation

The anticipated base salary range offered for this role will be between $115,000 to $130,000 and represents the firm’s good faith and reasonable estimate of the base compensation range. Actual base compensation will be dependent upon several factors, including but not limited to the candidate’s relevant experience, performance, qualifications, degrees, and location, as well as the needs of the firm.

Qualifications

Required Qualifications

  • Bachelor’s degree in finance, Accounting, Business, Information Systems, or a related field.
  • At least 7 years of experience in IT Finance, Technology Portfolio Management, IT Procurement, Technology Business Management, vendor management, or a related discipline.
  • Demonstrated experience directly managing a technology budget of at least $70 million to $100 million, including both operating and capital expenditure, is required.
  • Proven experience leading annual budgeting, forecasting, variance analysis, financial modeling, and executive reporting for a complex technology organization.
  • Strong understanding of procurement, contract administration, vendor spend management, purchase orders, invoicing, accruals, and Statements of Work.
  • Experience managing the financial lifecycle of technology investments across software, hardware, cloud, telecommunications, infrastructure, managed services, and strategic projects.
  • Experience with cloud consumption, SaaS licensing, telecommunications expenses, infrastructure services, and technology investment portfolios.
  • Strong analytical and financial modeling skills, with the ability to identify trends, risks, savings opportunities, and investment priorities.
  • Excellent organizational, communication, presentation, and stakeholder management skills.
  • Ability to work independently and influence stakeholders across IT, Finance, Procurement, Legal, Operations, and project teams.
  • Demonstrated ability to present complex financial information clearly and concisely to CIO, CFO, and other senior executive stakeholders.

 

Preferred Qualifications

  • Experience working in a law firm, professional services organization, or similarly complex corporate environment.
  • Experience with Technology Business Management and FinOps practices.
  • Familiarity with cloud, SaaS, AI, and consumption-based cost models.
  • Experience supporting contract negotiations, vendor optimization, and technology investment governance.
  • Experience developing executive dashboards and financial reporting using financial planning, enterprise resource planning, procurement, or business intelligence platforms.

Skills Required

  • Bachelor's degree in finance, accounting, business, information systems, or a related field
  • At least 7 years of experience in IT Finance, Technology Portfolio Management, IT Procurement, Technology Business Management, vendor management, or a related discipline
  • Direct experience managing a technology budget of at least $70 million to $100 million, including operating and capital expenditures
  • Experience leading annual budgeting, forecasting, variance analysis, financial modeling, and executive reporting for a complex technology organization
  • Understanding of procurement, contract administration, vendor spend management, purchase orders, invoicing, accruals, and Statements of Work
  • Experience managing the financial lifecycle of technology investments across software, hardware, cloud, telecommunications, infrastructure, managed services, and strategic projects
  • Experience with cloud consumption, SaaS licensing, telecommunications expenses, infrastructure services, and technology investment portfolios
  • Strong analytical and financial modeling skills, including the ability to identify trends, risks, savings opportunities, and investment priorities
  • Excellent organizational, communication, presentation, and stakeholder management skills
  • Ability to work independently and influence stakeholders across IT, Finance, Procurement, Legal, Operations, and project teams
  • Ability to present complex financial information clearly and concisely to CIO, CFO, and other senior executive stakeholders
  • Experience working in a law firm, professional services organization, or similarly complex corporate environment
  • Experience with Technology Business Management and FinOps practices
  • Familiarity with cloud, SaaS, AI, and consumption-based cost models
  • Experience supporting contract negotiations, vendor optimization, and technology investment governance
  • Experience developing executive dashboards and financial reporting using financial planning, enterprise resource planning, procurement, or business intelligence platforms
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The Company
HQ: New York, New York
1,495 Employees
Year Founded: 1866

What We Do

Milbank is a premier international law firm handling high-profile, complex cases and business transactions through 12 offices worldwide. Our offices work together on an integrated basis, giving us an extraordinary global presence and allowing us to serve a client base that includes the world's leading companies and financial institutions. Milbank is internationally recognized as a leader in major corporate/finance transactions (such as M&A, structured finance, banking, capital markets and project and transportation finance), litigation (including complex commercial, intellectual property, securities and white collar), financial restructuring, and trusts and estates.

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