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Swiggy

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3.8

based on 4.1k Reviews

Video summary

1 Swiggy Assistant Business Finance Manager Job

Assistant Manager - Business Finance

Swiggy

3.8

based on 4.1k Reviews

2-7 years

Bangalore / Bengaluru

1 vacancy

Assistant Manager - Business Finance

Swiggy

posted 21d ago

Job Role Insights

Flexible timing

Key skills for the job

Logistics Financial Analysis SQL Procurement Contract Management Financial Reporting

+ 4 more

Job Description

We are seeking an experienced and detail-oriented Assistant Manager - Business Finance to join our finance team. This role will primarily focus on managing indirect operating expenses (OPEX) such as rentals and utilities along with overseeing capital expenditures (CAPEX) for Instamart dark stores. The ideal candidate will have a strong financial background with experience in expense management, cost optimization, budgeting, and financial reporting. This is a great opportunity to contribute to our companys financial health and operational efficiency.

Key Responsibilities:

Indirect Opex Management (Rentals & Utilities):

Monitor and Control OPEX : Manage and track monthly rental and utility expenses to ensure they align with budget forecasts and operational needs.
Cost Optimization : Identify opportunities to optimize expenses by analyzing current contracts, usage patterns, and negotiating cost-effective solutions.
Contract Management : Oversee the negotiation and renewal of rental and utility contracts to ensure favorable terms, cost efficiency, and compliance. Benchmarking with market rates to get optimized costs.
Reporting : Prepare regular financial reports on cost performance, highlighting variances from the budget and recommending corrective actions where necessary.
Collaborate Across Departments : Work closely with facilities, operations, and procurement teams to forecast and manage rental and utility costs effectively.

Capex Management:

Capex Planning and Budgeting : Assist in the preparation of capex budgets, ensuring that investments in assets and infrastructure are well-justified, aligned with business strategy, and financially viable.
Capex Tracking and Reporting : Monitor the progress of capex projects to ensure costs are in line with forecasts. Report on project status, financial progress, and variances to senior management.
Capex Optimization : Identify opportunities to optimize capex through market benchmarking, identifying and onboarding new vendors and analyzing current contracts, usage patterns, and negotiating cost-effective solutions.
Capital Allocation : Evaluate capex requests and ensure that all capital expenditures align with the company s financial goals, strategic priorities, and ROI expectations.
Vendor & Supplier Coordination : Coordinate with vendors and suppliers along with internal infra teams to ensure timely and cost-effective execution.
Financial Analysis : Perform financial analysis and provide insights on the financial impact of ongoing or proposed capex and expansion projects.

General Financial Responsibilities:

Variance Analysis : Analyze financial data, identifying discrepancies between actual and forecasted numbers, and suggesting solutions to mitigate negative variances.
Forecasting and Reporting : Collaborate with cross-functional teams to ensure the accuracy of financial forecasts, providing monthly/quarterly reports on expense performance.
Internal Controls and Compliance : Ensure adherence to internal financial controls and company policies in the management of both opex and capex processes.
Ad-hoc Financial Analysis : Support other financial analysis requests from senior management as needed.

Key Qualifications:

Degree in Finance, Accounting, Business Administration, or related field (Master s degree or professional certification such as CFA is a plus )
2+ years of experience in financial management (experience working with indirect costs would be an advantage )
Strong understanding of financial modeling, budgeting, forecasting, and variance analysis.
Experience in rental and utility management , including contract negotiation and cost optimization.
Knowledge of financial reporting systems and proficiency in Microsoft Excel, Google sheets or other financial software and knowledge of SQL.
Attention to detail with the ability to manage multiple priorities and meet deadlines.
Strong communication and interpersonal skills to collaborate with cross-functional teams and external vendors.
A proactive, problem-solving mindset with the ability to identify opportunities for cost savings and operational improvements.

Desired Skills & Attributes:

Analytical thinking: Ability to analyze financial data and extract meaningful insights.
Problem-solving: Strong capability to identify inefficiencies and propose actionable solutions.
Negotiation skills: Proven ability to negotiate favorable terms for contracts related to rental and utility agreements.
Organizational skills: Excellent organizational and time management skills to handle multiple responsibilities.