Budget & Costs Management

ABOUT TEMENOS

Temenos powers a world of banking that creates opportunities for billions of people and businesses everywhere. We have been doing this for over 30 years through the pioneering spirit of our Temenosians who are passionate about making banking better, together.

We serve over 3000 clients from the largest to challengers and community banks in 150+ countries. We collaborate with clients to build new banking services and state-of-the-art customer experiences on our open banking platform, helping them operate more sustainably.

At Temenos, we have an open-minded and inclusive culture, where everyone has the power to create their own destiny and make a positive contribution to the world of banking and society.

VALUES

Care about transforming the Banking landscape.

Commit to being part of an exciting culture and product evolving within the financial industry.

Collaborate effectively and proactively with teams within or outside Temenos.

Challenge yourself to be ambitious and achieve your individual as well as the company targets.

The IT Budget & Costs Management Specialist is responsible for end-to-end financial planning, cost control, and budget governance across assigned business areas within the IT Department. This role ensures accurate budgeting, rigorous cost monitoring, and actionable financial insights while enforcing financial discipline and transparency.

The position plays a key role in supporting management decision-making, driving cost efficiency, and enabling sustainable financial performance aligned with organizational objectives.

Key Responsibilities

IT Budgeting & Forecasting

• You will lead the preparation, consolidation, and monitoring of annual budgets and periodic forecasts.

• You will partner with business stakeholders to understand cost drivers and validate budget assumptions.

• You will track budget versus actuals and provide timely variance analysis with clear explanations.

IT Cost Management & Control

• You will monitor operational and project-related costs to ensure alignment with approved budgets.

• You will identify cost-saving opportunities and efficiency improvements across departments.

• You will support cost allocation, chargebacks, and internal cost transparency initiatives.

• You will manage with Procurement the IT related Contracts by creation, negotiations and renewal

Financial Reporting & Analysis

• You will develop insightful financial analytics to support executive and senior management reviews.

• You will develop dashboards and KPIs to track cost performance and financial efficiency.

• You will maintain and optimize the use of financial systems, including ERP and budgeting and planning tools.

• You will ensure data accuracy and consistency across financial systems and reporting outputs.

Stakeholder Collaboration

• You will act as a financial partner for business units, helping them manage and optimize their spending.

• You will support budget owners in understanding financial impact and ensuring compliance with policies.

• You will collaborate with Procurement, HR, IT, and Project Management teams to ensure financial alignment and cost transparency.

Process & Governance

• You will ensure compliance with internal financial policies, controls, and approval frameworks.

• You will contribute to continuous improvement of budgeting, forecasting, and cost management processes.

• You will support audit activities related to budget and cost controls, as required.

Skills

Professional Experience

• You should have a bachelor's degree in finance, Accounting, Economics, or a related field.

• You should have experience in budgeting, cost management, controlling, or financial analysis roles.

• You should have strong knowledge of financial reporting tools (preferred Excel and Power BI)

• You should have expertise in budgeting, forecasting, and financial planning across OPEX and CAPEX.

• You should have experience working with large data sets and financial systems (ERP, planning tools).

• You should have advanced Excel skills (complex formulas, pivot tables, and financial models).

• You should have good communication skills with the ability to explain financial information to non-finance stakeholders.

• Nice to have knowledge of contract management systems and contract negotiations

SOME OF OUR BENEFITS include:

• Maternity leave: Transition back with 3 days per week in the first month and 4 days per week in the second month

• Civil Partnership: 1 week of paid leave if you're getting married. This covers marriages and civil partnerships, including same sex/civil partnership

• Family care: 4 weeks of paid family care leave

• Recharge days: 4 days per year to use when you need to physically or mentally needed to recharge

• Study leaves: 2 weeks of paid leave each year for study or personal development

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