Job description
Duties:Financial planning & analysis:Gather and organize financial data to provide detailed analysis on variancesPrepare financial reports with reliable conclusions that management can use to implement more effective operational strategiesInvestigate and provide analysis for monthly revenue changes and expenditure increases/decreasesReview order intake, backlog, revenue phasing and reporting accuracy in partnership with Sales, Programs and Operations.
Perform profitability analysis by product, program, customer, service line and revenue type, as relevant to the India business.
Budgeting & forecasting:Work with Budget Owners to get an understanding of performanceSupport Annual Budget and Quarterly Forecast activities by providing variance commentaries and analysis, and reportingTarget areas of expense overruns/inconsistencies and implement corrective measuresPerform monthly analysis on variances between Actuals and Budgets/Forecast/Prior YearSupport annual strategic planning and budgeting processes including setting operational & financial targets.
Act as trusted advisor to the regional and local management on all finance related mattersCommercial business partner support:Support market bids, financials preparation, benchmark and challenge costs/marginsWork with Sales head to prepare financial forecasts & budgets for India marketSupport sales bid process by providing financial analysis with attention to cash-flow analysis and local tax requirementsSupport commercial decision making and manage performance against budget/forecasts through analysis and being the go-to person for financial matters relating to the market.
Program support:Partner with Program Managers and functional leaders to provide timely financial insight and challengeProvide programs’ profitability analysis on entity margin (external selling price less transfer price) and transparent gross margin (external selling price less manufacturing and local costs)Ensure timely and accurate financial reporting for programReview Programs-related Balance sheet to ensure accuracy, existence and completeness.
Ensure consistent use and appropriate application of the global chart of accounts and accounting principles and policies BudgetaryLead budget variance commentary and reportingTrack and advise on profitability variances from approved DORBsProvide accurate cash-flow forecasting and monitor actual cash-flow relating to programsMonitor FX impact on Programs, assessing hedging effectiveness as requiredOthers:Continuous improvement: Identify areas for improvement in financial analysis, forecasting and commercial support.
Identify opportunities to streamline, automate or digitise reporting, and reduce manual work.
To increase the analytical capability of the Finance teams to ensure accuracy of the P&L and Balance sheet, specifically on program-related GIT and WIP balances.
Communication: Maintain open and clear lines of communications.
Maintain effective communication with stakeholders within India, as well as key stakeholders in the Division.
