OQ
Expert – IT Financial Management (ITFM)
- Permanent
- Muscat, Oman
- Experience 5 - 10 yrs
Job overview
Date posted
17/11/2025
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Comprehensive package
Experience
5 - 10 yrs
Seniority
Senior & Lead
Qualification
Bachelors degree
Expiration date
01/01/2026
Job description
The Expert – IT Financial Management (ITFM) at OQ is responsible for driving IT financial governance, transparency, and value-based investment decisions across the organization’s digital and technology initiatives. This senior role ensures that IT spending aligns with corporate strategy, optimizes cost efficiency, and supports long-term value realization. Acting as a trusted advisor to executive leadership, the Expert will lead benchmarking, cost optimization, and chargeback/showback initiatives, ensuring data-driven insights shape strategic IT investment decisions. The role requires strong financial acumen, strategic vision, and the ability to bridge technology and business objectives within a complex enterprise environment.
Required skills
IT financial management (ITFM)
budgeting and forecasting
cost optimization
financial benchmarking
chargeback and showback modeling
strategic financial planning
financial analysis
total cost of ownership (TCO)
return on investment (ROI)
financial reporting and dashboards
cloud economics and digital spend models
value realization frameworks
stakeholder management
IT governance
CAPEX and OPEX management
performance KPIs and analytics
strategic advisory to C-level executives
financial modeling and forecasting
Apptio or SAP ITFM tools
Key responsibilities
- Develop and implement ITFM strategies, frameworks, and best practices to optimize IT financial performance and transparency
- Lead annual IT budgeting, forecasting, and cost allocation processes across CAPEX and OPEX portfolios
- Design and maintain chargeback and showback models to ensure transparency in IT cost distribution across business units
- Conduct benchmarking against industry peers to measure cost competitiveness and identify optimization opportunities
- Establish KPIs and dashboards to track IT financial performance and cost efficiency metrics
- Provide insights and recommendations to senior management regarding IT spend trends, cost structures, and investment priorities
- Develop Total Cost of Ownership (TCO) and Return on Investment (ROI) analyses for strategic IT and digital transformation initiatives
- Collaborate with the PMO and CIO’s office to align financial governance with project management and strategic objectives
- Ensure IT investments are assessed based on business value creation, innovation, and risk mitigation, not just cost reduction
- Advise C-level executives on ITFM maturity, emerging cost models (e.g., cloud, outsourcing), and financial governance improvements
- Foster continuous improvement in ITFM processes through automation, reporting enhancements, and advanced analytics tools
- Engage with external benchmarking bodies and TBM/Apptio councils to introduce global best practices in IT financial governance
- Support the development of a value realization framework that captures both financial and non-financial benefits of IT investments
- Promote a culture of financial accountability and business partnership within the IT organization
- Mentor internal teams and contribute to the professional development of the IDS Governance & Excellence function
Experience & skills
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related discipline (Master’s preferred)
- 8–10 years of progressive experience in IT Financial Management, cost optimization, or technology investment analysis
- Strong understanding of IT budgeting, financial modeling, chargeback/showback frameworks, and cost transparency methodologies
- Experience in the Oil & Gas, Energy, or large-scale industrial sector preferred
- Proven ability to advise and influence C-level executives on IT financial strategies and governance
- Hands-on experience with ITFM platforms such as Apptio, SAP, or equivalent financial management tools
- Expertise in benchmarking, forecasting, and financial data analysis for IT investments
- Excellent leadership, communication, and stakeholder engagement skills
- Ability to balance cost efficiency with value realization and business innovation
- Fluency in English required; Arabic desirable
