Asst Manager - Finance

Key Responsibilities:

1. Budgeting & Forecasting:

• Assist in the preparation, consolidation, and review of the company s annual budget, ensuring alignment with organizational goals and strategies.
• Work closely with department heads and senior management to gather and analyse input for both short-term and long-term financial forecasts.
• Support in updating forecasts based on actual performance, business trends, and key assumptions, ensuring forecasts are accurate and reflect business dynamics.
• Provide detailed variance analysis (actual vs. budgeted/forecasted performance) and recommend corrective actions to manage deviations.

2. Management Reporting:

• Prepare and deliver monthly, quarterly, and annual management reports, summarizing financial performance, including P&L, balance sheet, cash flow, and other key metrics.
• Analyse financial results to provide actionable insights to management, focusing on both performance and potential areas for improvement.
• Present clear and concise financial information, highlighting key drivers of performance, opportunities, and risks.
• Assist in the creation of board-level reports and presentations, ensuring they are aligned with strategic business priorities.

3. Cost Analysis & Cost Control:

• Conduct detailed cost analysis across various functions, departments, and projects to identify cost-saving opportunities and inefficiencies.
• Monitor and track operational costs to ensure they are within budget, providing recommendations for cost optimization and resource allocation.
• Perform activity-based costing (ABC) or other costing methods to assess the profitability of individual products, services, or business units.
• Collaborate with operational teams to ensure accurate allocation of direct and indirect costs.

4. Operating & Gross Margin Analysis:

• Analyze gross margin trends and provide insights into product or service profitability, identifying key factors impacting margins (e.g., production costs, pricing strategies, sales mix).
• Develop and maintain financial models to assess gross margin performance across different product lines, market segments, and regions.
• Monitor and analyze operating margin performance, identifying key drivers of operating costs and providing actionable recommendations to improve profitability.
• Conduct scenario analysis to evaluate the impact of different business decisions (e.g., changes in pricing, cost reductions, product portfolio adjustments) on margins.

5. Financial Insights and Decision Support:

• Provide strategic recommendations based on cost analysis, margin trends, and financial performance to support business decisions, including pricing strategies, product mix, and cost containment.
• Support cross-functional teams (Sales, Operations, Marketing) with financial insights, ensuring decisions are grounded in sound financial analysis.
• Assist in financial planning and scenario modeling, evaluating the financial impact of strategic initiatives, investments, and projects.

6. Process Improvement & Automation:

• Continuously review and improve reporting processes to ensure the efficiency and accuracy of financial reporting and MIS.
• Implement automation solutions to streamline the preparation of reports and data collection, reducing manual work and improving reporting timelines.
• Collaborate with IT and Finance systems teams to enhance MIS infrastructure and integrate new tools or systems that support improved financial analysis.

7. Compliance & Governance:

• Ensure compliance with financial policies, internal controls, and relevant accounting standards (IFRS/GAAP).
• Ensure all reports and analyses are accurate, timely, and meet regulatory and internal audit standards.
• Work closely with auditors to provide necessary data and documentation during audits.

Qualifications:

• Education:
  • Bachelor s degree in finance, Accounting, Economics, or related field. A master s degree or professional certifications (e.g., CFA, CMA, MBA, CPA, ACCA) is desirable.
• Experience:
  • Minimum of 8-12 years of experience in finance or management information systems, with a focus on budgeting, forecasting, cost analysis, and margin analysis.
  • Demonstrated experience in analyzing operating and gross margins, including identifying key drivers and providing actionable recommendations.
  • Strong knowledge of financial reporting processes, including the preparation and delivery of management reports and variance analysis.
• Skills & Competencies:
  • Advanced proficiency in Microsoft Excel (pivot tables, financial modeling, complex formulas) and financial systems (SAP, Oracle, Hyperion, or similar).
  • Familiarity with financial software tools and business intelligence platforms (e.g., Power BI, Tableau, etc.) for reporting and data visualization.
  • Strong analytical skills with the ability to analyze complex financial data and communicate findings to both financial and non-financial stakeholders.
  • Strong attention to detail, organizational skills, and the ability to manage multiple tasks and deadlines.
  • Excellent communication skills with the ability to present financial information to senior management and business leaders clearly and concisely.

Preferred Qualifications:

• Experience in MBA ( Finance )
• Advanced knowledge of financial modeling techniques and tools.
• Familiarity with ERP systems and reporting tools.
• Experience in a multinational or high-growth business environment.

Key Performance Indicators (KPIs):

• Accuracy and timeliness of financial reports and forecasts.
• Ability to drive cost optimization and margin improvement initiatives.
• Effective variance analysis and root cause identification.
• Successful automation and streamlining of financial reporting processes.