IT Financial Analyst

Title: IT Financial Analyst

State Role Title: Info Technology Specialist I

Hiring Range: $56,000 - $72,000

Pay Band: 4

Agency: Virginia Department of Health

Location: Dept of Health

Agency Website: https://www.vdh.virginia.gov/

Recruitment Type: General Public - G

Job Duties

The Virginia Department of Health is currently seeking an IT Financial Analyst to join our Office of Information Management.  The IT Financial Analyst will play a critical role in supporting the Business Operations Manager by providing financial oversight, analysis, and reporting for IT projects and operations.

Budget Management & Forecasting
• Assist in the development, monitoring, and forecasting of IT budgets (operating and capital).
• Track expenditures against budget and provide variance analysis.
• Support annual budget planning and mid-year reviews.

Financial Reporting & Analysis
• Prepare monthly, quarterly, and ad hoc financial reports for IT leadership.
• Analyze trends, identify risks/opportunities, and recommend corrective actions.
• Support cost-benefit analyses for IT initiatives and procurement decisions.

Procurement & Vendor Management Support
• Collaborate with procurement and contract teams to track IT purchases and vendor spend.
• Maintain financial records for software licenses, hardware purchases, and service contracts.
• Assist in invoice reconciliation and payment tracking.

Project Financial Support
• Partner with project managers to monitor financial performance of IT projects.
• Track project budgets, actuals, and forecasts.
• Ensure compliance with funding guidelines and reporting requirements

Operational Support
• Support the Business Operations Manager in developing financial dashboards and KPIs.
• Assist with internal audits, compliance reviews, and documentation.
• Contribute to process improvement initiatives related to financial operations.

Minimum Qualifications

• Conduct detailed financial analysis and forecasting for various projects within the Office of Information Management.
• Develop and maintain budgeting models to support and service funding requests, execution, and cost management.
• Collaborate with cross-functional teams including procurement, and compliance to align financial strategies with agency goals
• Monitor and report on financial performance against approved budgets, identifying risks and opportunities.
• Support procurement and contract negotiations with vendors from a financial perspective.
• Provide clear, concise financial reports and briefings for senior leadership and oversight bodies.
• Ability to manage, coordinate, and prioritize multiple activities concurrently with limited supervision and to adjust efficiently and effectively to changing priorities

Additional Considerations

• Experience in public health and/or knowledge of public health programs preferred
• Understanding/experience with Commonwealth of Virginia IT security processes
• Experience working with financial management systems and tools (Microsoft Office)

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

VDH accepts only on-line applications. Faxed, mailed, or e-mailed applications will not be considered. Applications are accepted until 11:55 p.m. on the job closing date. Applications and/or resumes should include relevant work history which indicates your qualifications for this position. Supplemental questions are encouraged to be answered in a comprehensive manner and reference any pertinent knowledge, skills, and abilities as well as any previous experience that relates to the position.

Employment is contingent upon satisfactory results of a state and federal criminal history background check and the Department of Social Service’s Child Abuse and Neglect Central Registry check, U.S. HHSIG Exclusion List check, employment reference check and E-Verify. Other financial, credit, driving, background checks or completion of Statement of Economic Interests may be required for certain positions.

It is the policy of the C