Assistant Manager (FP&A)

Assistant Manager (GA budget control and FPA):

Brief :

As financial analyst of GA function, you shall prepare segment PL for management reporting, prepare Annual plan and monitor variance by working with budget owners, co-ordinate with accounting for monthly closing process including accruals, reconciliations.

Role: Assistant Manager FP A

Work Location : Bangalore (Hybrid model)

Experience : 6 - 10 Years

Reporting to : Senior Director, Finance

Academic Credentials : B.com With CA / ICWA / CFA / MBA Finance / CA / CWA Inter, M.com, with other related professional qualifications.

Key responsibilities include but are not limited to:

GA - y ou shall w.r.t assigned cost centers, own and manage budget, prepare annual budgets, periodic forecast, variance analysis, track risks and opportunities, headcount reporting and Management reporting. You shall work directly with business leaders, accounting for monthly closing process including accruals, reconciliations.

• Drive and execute the development of the annual plan, quarterly and monthly forecast, and the close process.
• Own and develop financial forecasts that accurately predict business performance; highlight key variances, opportunities, and issues to business leaders.
• Support business leaders in daily operations and periodic financial and operational performance reviews; developing analysis around drivers, trends, opportunities, and share insights and recommendations through data.
• Drive cost control measures coordinating with business leaders.
• Monitor invoices booked though AP and provide for accruals / deferrals to present correct PL
• Monitor and track PR and POs. Work with stakeholders on committed costs like Open POs, open HC Requisitions, back fillings and PRs.
• Self-starter with the ability to work autonomously in a fast-paced environment while not losing sight of the broader vision and opportunity.
• Perform other ad-hoc financial analyses needed by business leaders.

FPA- Consolidated PL and Cash flow reporting across segments and legal entities

• Preparing WW PL forecast, breaking actual PL by segment including cost allocation
• Support monthly close process - understanding accounting entries and accrual estimates
• PL and Cash flow-
  • Reporting at a consolidated level with the various constituents/details like vertical, sales, and delivery region, and type of revenue like new, existing, GTE, customer, LOBs, etc.
  • Analyse revenue and revenue-related items to be able to explain the variance between plan, actuals, and forecast.
  • Review of costs pertaining to operations and support functions and guide them as required on the accuracy and timing of the forecasts and plan and provide qualitative commentary on material variances
  • Discussion with various stakeholders like accounting, operations finance other finance teams on a day-to-day basis to ensure alignment in numbers and strategies
  • Managing logics of indirect cost allocations basis cost drivers and formulas for segment financial reporting

• Capex - Tracking actual Capex and control over the forecast

• ERP -
  • Supporting ERP system or process implementation and upkeep.
  • Data integrity of financial reporting tools with ERP (Net suite to NSPB or such tools) and make recommendations to streamline systems and processes, simplifying logic and formulas of the reporting tools. Drive automation and improvement of the existing database.
• Reporting packages -
  • Presentation to ESM, Board, and management with details of profitability and direction of the business
  • Monthly reporting pack under-reporting tool including Dashboard and Key metrics.
  • Prepare and track monthly calendar of deliverables across the finance function.
• Competitor benchmarking analysis and KPIs, like SaaS/business metrics related to revenue, customer, and industry verticals.
• Reporting packages -
  • Presentation to ESM, Board, and management with details of cost
  • Monthly reporting pack under-reporting tool including Dashboard and Key metrics.
  • Prepare and track monthly calendar of deliverables across the finance function.

Required Skills

This role requires a strong understanding of financial reporting, and accounting, good business acumen, and the ability to effectively communicate the recommendations that result from rigorous quantitative and financial analyses. Other requirements include the following:

• 6 - 10 years experience in highly quantitative financial roles with a demonstrated growth progression
• Previous work experience in External reporting and/or Financial Planning and Analysis roles within the IT Services/Software industry is an advantage
• Basic knowledge of Banking and treasury functions
• Strong understanding of finance concepts and accounting principles
• Self-starter with the ability to successfully build strong partner relationships as a trusted advisor at multiple levels.
• Impeccable communication skills (verbal written) is a must
• Excellent time management, organizational, and follow-up skills and ability to multitask.
• Attention to detail and strong follow-through
• Advanced/expert technical skills in some or all the following: Microsoft Excel, PowerPoint, and financial and statistical modeling
• Tech Savviness and experience in working or interfacing with ERP and SaaS tools will be an added advantage.
• Well versed with experience in financial planning analysis, Budgeting Forecasting, Expense Reporting, Headcount reporting, MIS reporting, Executive management reporting (EMR), Variance analysis and Client Engagement.
• Flexibility and be able to work with a diverse team across multiple geographies and time zones.