Finance Specialist - Pricing , Profitability and Cost Analysis

Job Description: Finance Specialist -Pricing, Profitability, and Cost Analysis
Position Title: Finance Specialist
Department: Finance
Experience: 2-3 Years
Reports To: Finance Manager/Director
Location: Hybrid ( 2 days a week in office)
Employment Type: Full-Time

Role Overview:
We are seeking a highly analytical and detail-oriented Finance Specialist to drive pricing strategies, profitability assessments, and cost analysis across various business segments. This role will play a pivotal part in ensuring financial accuracy, profitability, and efficiency in operations by developing pricing logic, validating proposals, and conducting comprehensive cost and profitability analyses.

Key Responsibilities:
Pricing Strategy and Logic Development:

• Develop and implement pricing logic for resources, ensuring competitive and market-aligned rates.
• Create and refine pricing models for licenses to maximize profitability while maintaining customer satisfaction.
• Analyze market trends and competitor pricing strategies to guide informed pricing decisions.

Proposal Validation:

• Review and validate financial aspects of proposals, ensuring alignment with company financial goals and estimates provided by operational teams.
• Provide insights and recommendations to optimize proposal profitability and financial feasibility.

Profitability Analysis:

• Monitor and report on project-wise profitability, identifying trends and areas for improvement.
• Conduct detailed task-wise profitability analysis to optimize resource allocation and cost efficiency.
• Perform server profitability assessments, ensuring optimal utilization and cost-effectiveness.

Cost Analysis and Management:

• Analyze and report on cost overruns, identifying root causes and recommending corrective actions.
• Calculate and monitor quality costs, assessing their impact on overall profitability and recommending improvements.
• Collaborate with cross-functional teams to implement cost-saving initiatives.

Financial Reporting and Insights:

• Prepare and present financial reports, including profitability and cost analysis, to senior management.
• Develop dashboards and metrics for continuous monitoring of financial health across projects and tasks.
• Assist in annual budgeting and forecasting processes, incorporating insights from cost and profitability analysis.