Junior IT Finance Analyst

Job Description

The Junior IT Financial role will support accounts payable, month-end close, forecasting, and financial reporting activities for the IT organization. The Junior IT Financial Analyst will work closely with IT Finance, Corporate Finance, Accounting, Procurement, and vendors to ensure accurate expense tracking, timely invoice processing, and reliable financial forecasts.

The successful candidate will be highly organized, detail-oriented, and analytical, with a strong interest in finance and technology. This is an excellent opportunity for an early-career finance professional to gain hands-on experience in IT financial management and develop a strong foundation in budgeting, forecasting, reporting, and expense analysis.

Key Responsibilities:

Accounts Payable and Vendor Invoice Support:

• Review, code, and process IT-related invoices in accordance with company policies and accounting guidelines.
• Partner with Procurement, Accounts Payable, and IT budget owners to resolve invoice discrepancies, missing purchase orders, approval delays, or coding issues.
• Track vendor invoices, purchase orders, and payment status to ensure timely and accurate processing.
• Maintain accurate records of IT vendor spend, recurring charges, and contract-related expenses.
• Assist with vendor account reconciliations and follow up on outstanding invoices or credits.
• Support proper classification of IT expenses, including software, hardware, cloud services, professional services, telecommunications, and maintenance agreements.

Month-End Financial Close:

• Assist with month-end close activities for IT expenses, including preparing accruals, reclasses, journal entry support, and variance analysis.
• Review actual spend against budget and forecast to identify trends, discrepancies, or unusual activity.
• Support the preparation of monthly financial reports and commentary for IT management and Finance stakeholders.
• Work with Corporate Accounting to ensure IT expenses are recorded accurately and in the appropriate period.
• Maintain supporting documentation for month-end close activities and audit requests.
• Help monitor prepaid expenses, capital expenditures, depreciation, and amortization schedules as needed.

Monthly Forecasting and Budget Support:

• Assist the IT Finance Analyst in preparing forecast templates, consolidating inputs, and analyzing changes from prior forecast, budget, and actuals.
• Leverage AI and other tools to automate IT Financial processes and reporting

Qualifications

• Bachelor's degree in Accounting or Finance required
• 1+ years of experience in finance, accounting, accounts payable, financial analysis, or a related role.
• Strong analytical skills with proficiency in financial modeling and data analysis tools (e.g., Excel, SAP, Tableau).
• Basic understanding of accounting principles, budgeting, forecasting, and month-end close processes.
• Strong attention to detail and ability to work with large volumes of financial data.
• Excellent organizational and time-management skills.
• Excellent communication skills, both verbal and written.
• Ability to work independently and collaboratively in a fast-paced environment.

Preferred Skills:

• Experience with IT cost management and technology infrastructure investments.
• Familiarity with financial software and ERP systems.
• Professional certifications such as CFA, CPA, or CFM are a plus.

Salary Range: $65,000 - $80,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

In today's world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.