Business Finance Manager

Job Description
Business Finance Manager


Position: Location:
Business Finance Manager Chennai

Primary reporting to: Dotted line reporting to:
Business Finance Controller Business Head - Services Business Unit


Position Summary:
This positon will collaborate with the BU Head, work under the functional guidance of the CFO and BFC to co-own the P&L and effectively manage the finances of the high growth Services Business Unit. The incumbent should have demonstrated capabilities in FP&A, rolling forecasts, releasing timely and accurate management reports with variance analysis and insights, sound financial acumen to recommend key business decisions, capital budgeting, working capital management, eye for detail and passion to constantly improve profitability and return on investment.


Primary responsibilities and key functions:
Financial management, reporting, analytics and decision support

1. Assist BU Head and the BFC in developing robust financial Plan and Model in line with the business plan, short and long term organisation goals. Excel Models should have separate sections for variables / key input levers / business assumptions, workings and resultant reports to enable multiple iterations, controlled change versions and periodic revisions based on actual performance.
2. Perform periodical and timely management reporting and ad-hoc business analysis. Present recommendations to BU Head and BFC on strategic decisions and planned future initiatives.
3. Assist Lines of Business heads / Functional heads in evaluating new proposals / initiatives / pricing requirements on time, incorporating granular variables, comparison of past evaluation with actual performance, highlighting deviations, risk areas, and improve the overall quality of assumptions / financial evaluation process. Present the proposals to Business Head and CFO emphasising the areas of revenue optimisation, cost and investment rationalisation.
4. Assist the BU head in facilitating weekly / monthly / quarterly reviews (WBR, MBR, QBR) with data analysis, call outs and follow through with business / operating teams on actionable items for improving business metrics over a period of time. Challenge the LoBs, cost and profit centers effectively and uphold independence of Finance.
5. Manage the P&L reports, CapEx plan, Free Cash Flow, Balance Sheet with key variables and assumptions across controlled change revisions to ensure the planning integrity.
6. Coordinate and manage interdependencies with other functions like Operations, HR, SCM, IT, Sales, Marketing, and Customer Service teams to supervise and support in business operations effectively.
7. Assist the BFC in inspecting and approving major vendor contracts, manage overall exposure in inventory, receivables (unbilled, billed & bad), allocation of central costs and its drivers. Work with accounting team to drive monthly book closer process for the BU, participate in insurance and miscellaneous actions, attend to / escalate process gaps for timely resolutions.
8. Support BU and LoB heads in carrying out competition analysis as and when required.
9. Assist CFO and BFC in periodically evaluating / highlighting the operating and financial risks, quantify the Value @ Risk with buy-ins from respective LoB / Functional owners and articulate them crisply with Mitigation suggestions towards contributing to ERM framework.
10. Any other coordinating tasks between the Business and Finance functions that may arise from time to time.

IT Skills

1. Should be an advanced user in MS Excel & Power Point; well versed in organising / crunching / analysing large volume of data using pivot tables / lookup / iferror, sumproduct, NPV, XIRR, cumipmt etc; preparing interesting charts / presentations.
2. Working experience in a good ERP is a must; SAP experience is preferred.
3. Prior experience in any office automation initiatives like customisations, API integrations, by way of contributing to BRD / FRD or performance of UAT etc are additional advantages.

Relationship management

1. Develop and maintain effective communication and positive working relationships with internal and external stakeholders

Personal development

1. Instigate own personal and professional development needs with the reporting authority based on specific job-related competencies

Organisational alignment

1. Support the activities of the wider organisation in line with TVS-Es strategic and business objectives by undertaking duties as required by the reporting authority.

Person specification:
Foundation competencies

1. Building trust authentically: Interacting and communicating with others in a way that gives them confidence in one’s intentions and those of TVS-E.
2. Focus on service delivery: Providing excellent service to others as the primary focus of one’s actions, achieved through developing and sustaining productive relationships and evidence informed practice.
3. Innovation: Generating creative, innovative and evidence informed solutions in one’s work.
4. Self-initiative: Energised to take self-initiative in a positive manner with a positive attitude for team wins.
5. Continuous quality improvement: Setting high standards of performance for self and others, assumes responsibility and accountability for successfully completing assignments or tasks, and self-imposes standards of excellence rather than just having them imposed.

Role specific competencies

1. Building a successful Team: Using appropriate methods and interpersonal skills to help build a cohesive team whether as a leader or a member; facilitating the completion of team goals.
2. Building working relationships: Developing and using collaborative relationships to facilitate the accomplishment of work goals.
3. Planning and Organising: Establishing courses of action for self and others to ensure that work is completed efficiently

Qualification and Experience

1. Qualification: Qualified Chartered Accountant from the Institute of Chartered Accountants of India
2. 6 to 10 Years’ Experience: Preference will be given to incumbents with similar prior experience in new age consumer services unicorns / successful start-ups / FMCG / e-commerce companies – having multiple hub and spoke operating model, Articleship or post articleship experience in any of Big 4 or premier auditing / consulting groups.

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TVS Electronics Ltd