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Senior Tech & Product Financial Analyst

As a Senior Financial Analyst in the Technology Financial team, you are responsible for supporting specific leaders in the Technology organization as a trusted partner.  Responsibilities include fully understanding the Tech Org’s business strategy and aligning to budget, accounting, and charge-back functions for the area, understanding contractual commitments and identifying opportunities to optimize costs.  The ability to handle multiple concurrent priorities providing accurate and timely results is key to success.
 

Responsibilities

  • Financial analysis & reporting: Accurately analyze & explain key cost drivers and monthly variances, suggest actions to the business, and manage the regular reporting process. 

  • Manage the creation of initial budget and forecast assumptions for assigned Tech area(s) and update forecast throughout the year.

  • Understand contractual commitments providing financial analysis for renewals and new potential new acquisitions.

  • Identify opportunities for improved value and/or reduced spend and influence action on approved recommendations.

  • Support month-end close processes and present results to business partners. 

  • Communicate effectively with all levels of leadership.

  • Lead or support projects as needed.


Basic Qualifications

  • 4+ years of relevant work experience in finance and accounting, preferably supporting Information Technology

  • Strong analytical skills, with a focus on data-driven decision-making

  • Excellent critical thinking and problem-solving skills, with a collaborative mindset

  • Proficiency in Microsoft Excel, Word, Power Point, and PowerBI or similar tooling

Preferred Qualifications

  • Bachelor’s degree in business, finance or related field; CPA desired

  • Workday Financials and Adaptive Planning system user experience

  • Effective communication (within team and with all levels of management) is required

Expectations

  • Must follow a hybrid work schedule; 3 days a week on-site

  • Must be located in the Chevy Chase, MD metro or surrounding area


 

Annual Salary

$73,800.00 - $115,825.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.


 

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.


 

Benefits:

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

  • Premier Medical, Dental and Vision Insurance with no waiting period**
  • Paid Vacation, Sick and Parental Leave
  • 401(k) Plan
  • Tuition Assistance
  • Paid Training and Licensures

*Benefits may be different by location.  Benefit eligibility requirements vary and may include length of service.

**Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

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Average salary estimate

$94812.5 / YEARLY (est.)
min
max
$73800K
$115825K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Tech & Product Financial Analyst, GEICO

Join GEICO as a Senior Tech & Product Financial Analyst in Chevy Chase, MD, where you will be an essential partner in the Technology Financial team. In this dynamic role, you’ll support leaders by aligning the Tech Org’s business strategy with budget management, accounting, and charge-back activities. Your analytical skills will shine as you evaluate key cost drivers, assess monthly variances, and provide actionable insights for the business. You'll take charge of preparing initial budgets and forecasts, continually updating them throughout the year to reflect the shifting landscape of IT. Understanding contractual commitments is crucial, as you'll provide impactful financial analyses for renewals and potential acquisitions. You'll identify areas for value improvement and guide teams in executing approved strategies. Additionally, supporting month-end close processes and communicating results effectively to all leadership levels will be part of your daily endeavors. The ideal candidate will have at least 4 years of finance and accounting experience, particularly with a technology focus, and show proficiency in Microsoft Excel, PowerBI, and other relevant tools. A bachelor’s degree in business or finance is preferred, and a CPA designation is a plus. In this role, you will enjoy a hybrid work schedule, enhancing your work-life balance while contributing to a supportive, collaborative environment that values your insights. The annual salary ranges from $73,800 to $115,825, reflecting the diverse experience and qualifications that candidates bring. If you're ready to make a meaningful impact in the tech industry, we’d love to see what you can bring to the GEICO team!

Frequently Asked Questions (FAQs) for Senior Tech & Product Financial Analyst Role at GEICO
What are the main responsibilities of a Senior Tech & Product Financial Analyst at GEICO?

As a Senior Tech & Product Financial Analyst at GEICO, your primary responsibilities include financial analysis and reporting, budget creation, and understanding contractual commitments. You will analyze cost drivers, suggest actions for business improvement, and manage ongoing reports. Your role is crucial in identifying cost optimization opportunities and supporting the month-end close processes.

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What qualifications are required for the Senior Tech & Product Financial Analyst position at GEICO?

GEICO requires candidates for the Senior Tech & Product Financial Analyst position to have at least 4 years of relevant experience in finance and accounting, preferably with a focus on Information Technology. Strong analytical skills, proficiency in tools like Microsoft Excel and PowerBI, and effective communication abilities are essential. A bachelor’s degree in business or finance is preferred, and a CPA is desirable.

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What skills are essential for success as a Senior Tech & Product Financial Analyst at GEICO?

Success in the Senior Tech & Product Financial Analyst role at GEICO hinges on analytical skills, critical thinking, and problem-solving abilities. A collaborative mindset, proficiency in financial reporting tools, and effective communication skills to present findings to leadership are also crucial. Your ability to handle multiple priorities and make data-driven decisions will contribute significantly to your effectiveness in this role.

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How does the Senior Tech & Product Financial Analyst role at GEICO contribute to cost optimization?

As a Senior Tech & Product Financial Analyst at GEICO, you will analyze key cost drivers and variances, which allows you to identify opportunities for cost optimization. By providing financial analyses for renewals and acquisitions, influencing approved recommendations, and supporting the budget process, you play a vital role in improving overall financial efficiency within the Technology organization.

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What is the work environment like for a Senior Tech & Product Financial Analyst at GEICO?

The work environment for a Senior Tech & Product Financial Analyst at GEICO is collaborative and supportive. You will engage with multiple levels of leadership while working on a hybrid schedule that emphasizes work-life balance. GEICO fosters an atmosphere free from discrimination and harassment, encouraging associates to bring their best selves to work and make impactful contributions.

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Common Interview Questions for Senior Tech & Product Financial Analyst
Can you explain your experience with financial analysis in a tech-focused role?

When answering this question, focus on specific examples from your past roles where you utilized your financial analysis skills. Discuss the tools you used, such as Excel or PowerBI, and highlight the impact of your analysis on decision-making and budget allocations.

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How do you manage competing priorities in a financial analyst role?

To tackle this question, outline your organizational skills and prioritization strategies. Include examples of how you communicate with stakeholders to understand deadlines and manage your time effectively to provide accurate results while meeting various demands.

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Describe a time when you identified a cost-saving opportunity.

Provide a specific instance where you analyzed data and made recommendations that led to significant cost savings. Highlight the steps you took from identifying the opportunity to implementing changes and any measurable results that followed.

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What experience do you have in preparing budgets and forecasts?

In your response, explain your familiarity with budget creation and adjustments, discussing any specific frameworks or forecasting models you have employed. Share how these skills allowed you to adapt to changing business needs throughout the fiscal year.

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How would you explain financial concepts to non-financial team members?

Emphasize the importance of clear communication and provide an example of how you've simplified complex financial data for a non-financial audience. Focus on using relatable analogies and visual aids when necessary to facilitate understanding.

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What tools do you prefer for financial reporting and analysis?

Discuss your experience with various financial reporting tools, primarily focusing on Excel and PowerBI. Share how these tools have enhanced your efficiency and accuracy in reporting and data visualization, and be prepared to explain your proficiency level.

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How do you stay updated on industry trends affecting technology finance?

Share the methods you use to stay informed about current trends, such as following industry publications, participating in webinars, and networking with professionals. Highlight how staying informed has positively influenced your work as a financial analyst.

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What strategies do you use to present financial results to senior management?

Discuss the importance of tailoring your presentations to your audience's needs. Mention specific techniques like utilizing visual aids, summarizing key takeaways, and focusing on actionable insights to ensure senior management can grasp the financial implications quickly.

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Can you provide an example of how you handled a challenging financial project?

Be prepared to detail a challenging financial analysis or project you undertook, explaining the obstacles you faced and the steps you took to overcome them. Highlight the project’s outcome and what you learned from the experience.

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What sets you apart as a candidate for the Senior Tech & Product Financial Analyst position at GEICO?

This is your chance to summarize your relevant experience, skills, and personal attributes. Discuss your passion for technology finance, problem-solving abilities, and commitment to supporting the organization effectively, reinforcing how you align with GEICO's values and mission.

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DATE POSTED
April 8, 2025

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