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.
