Financial Operations Specialist

Financial Operations Specialist

The FinOps Specialist performs financial operations and cloud cost management activities in support of the IT Division. This position works collaboratively with IT Finance, IT Procurement, and Central Systems Operations and is responsible for monitoring and analyzing cloud expenditures, usage, budgets, forecasts, billing, and financial performance to promote cost transparency, accountability, and efficient use of cloud resources.

Monitor and analyze cloud usage, costs, budgets, forecasts, and financial performance to identify trends, anomalies, optimization opportunities, and potential budget impacts, while developing and maintaining cost models and financial reports to support organizational planning and decision-making.

Review and reconcile cloud invoices, billing data, purchase orders, contracts, and financial records; investigate discrepancies and coordinate their resolution with the appropriate departments and vendors.

Develop and maintain cost allocation, tagging, chargeback, and cost management methodologies to accurately assign cloud expenditures to departments, applications, projects, and other organizational units.

Identify and recommend cloud cost optimization opportunities, including resource rightsizing, elimination of unused resources, commitment-based discounts, licensing optimization, and improvements to cloud architecture and consumption practices.

Track cost savings, cost avoidance, utilization, and other FinOps performance measures; prepare reports and dashboards to communicate financial performance and optimization results.

Collaborate with Finance, Procurement, and Central Systems Operations to establish cloud budgets, manage expenditures, improve forecasting, and promote financial accountability.

Assist with the development, implementation, and maintenance of FinOps policies, procedures, standards, controls, and governance practices for cloud financial management.

Perform related duties and special projects as assigned.