Tessa Formica

Information Technology Financial Analyst @Corewell Health

Southfield, MI, US

Manage and analyze IT budgets of over $2 million, ensuring alignment with strategic business objectives and operational efficiency. Develop and maintain financial models to forecast IT spending, track variance, and identify cost-saving opportunities. Collaborate with cross-functional teams (finance, IT, operations, account management) to optimize resource allocation and prioritize technology investments. Perform financial reporting and analysis of IT projects, providing actionable insights to senior leadership for data-driven decision-making. Implement cost control measures and monitor 400+ Epic software/hardware contracts, reducing IT expenditures. Assist in financial planning and forecasting processes for major IT initiatives, including system upgrades and cost model reconstruction. Prepare and present regular reports to senior management on IT financial performance, highlighting risks, opportunities and mitigation strategies. Automate financial reporting processes using tools like Excel, SQL and Tableau improving efficiency and data accuracy. Track and report on IT department\'s KPIs, helping align financial performance with business objectives and operational goals.