Finance Executive
- Job Category - IT
- No of Openings : 01
- Experience: 0-3 years
- Job Location - Bangalore
- Employment Type - Full Time
- Shift Timing: 2pm - 1am IST
Job Description
The FP&A (Financial Planning & Analysis) Analyst will play a critical role in supporting the financial health of the company. This position will work closely with business leaders, senior management, and other departments to provide insightful financial analysis, forecasting, budgeting, and performance reporting. The ideal candidate will have a strong understanding of financial modeling, business operations, and experience working within an IT services environment
Select an element to maximize. Press ESC to cancel.Key Responsibilities:
1. Financial Planning & Budgeting:
- Lead the annual budgeting and quarterly reforecasting process.
- Collaborate with department heads to create detailed, accurate, and aligned financial plans and budgets.
- Analyze financial performance and budget variances to help identify cost-saving opportunities and revenue growth.
2. Financial Reporting & Analysis:
- Prepare and analyze monthly, quarterly, and consolidated annual financial reports, including profit and loss, balance sheet, and cash flow statements.
- Provide financial insights and commentary on key metrics such as revenue, expenses, margins, and profitability.
- Conduct trend analysis, benchmarking, and scenario analysis to provide actionable recommendations for senior management.
3. Forecasting & Cash Flow Management:
- Develop accurate financial forecasts to ensure alignment with business objectives.
- Monitor cash flow and financial KPIs, providing recommendations for improving financial performance.
- Coordinate with stakeholders to ensure proper cash flow projections, particularly for long-term projects and IT service contracts
4. Business Partnering & Stakeholder Engagement:
- Work closely with the leadership team to support strategic decision-making with financial insights.
- Act as the primary point of contact for financial queries from various departments (IT, HR, Sales, Operations).
- Support business case development for new investments, projects, or service offerings, ensuring robust financial analysis
5. Cost Control & Profitability Analysis
- Monitor and evaluate the costs associated with IT services, personnel, and projects.
- Support efforts to improve operational efficiency and drive profitability by identifying cost-saving opportunities and areas of concern
6. IT Services Project Financials
- Oversee financials for large IT projects and service contracts, including resource allocation, timelines, profitability, and margins.
- Ensure proper allocation of costs for multi-year contracts and ensure adherence to financial commitments
7. Process Improvement:
- Continuously improve financial analysis and reporting processes to enhance accuracy, efficiency, and timeliness.
- Identify opportunities for system improvements and automation to streamline financial reporting and data analysis
8. Compliance & Risk Management
- Ensure compliance with internal policies, corporate governance standards, and regulatory requirements.
- Support internal and external audits, providing necessary documentation and data
Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics, or related field (required).
- Professional certifications (e.g., CFA, CPA, CA, or CMA) are a plus.