Finance Associate

Job Title: Finance Associate

Department: Finance & Accounting

Reports To: Finance Manager

Location: Bangalore

Employment Type: Full-time

Position Overview:

The Finance Associate will be responsible for overseeing all financial operations, driving strategic financial planning and analysis , project cost management, ensuring compliance with accounting standards, and supporting business growth through data-driven insights. digital solutions and project-based revenue models common in the IT sector .This role requires strong leadership, analytical ability and business acumen to manage budgeting, forecasting and reporting processes effectively.

Key Responsibilities:

• Lead and manage finance , accounting activities and payroll, ensuring accurate and timely financial reporting.
• Lead financial planning, budgeting, and forecasting for IT business units, including software development, cloud services, and technology projects.
• Manage cash flow, working capital, and OPEX related to R&D, cloud infrastructure, and technology tools.
• Develop, implement, and monitor financial strategies aligned with organizational goals.
• Conduct financial analysis and planning to identify trends, risks, and opportunities for business improvement
• Prepare and analyse monthly, quarterly, annual financial statements.( preparation of provisional and Projected )and Monthly MIS
• Oversee budgeting, forecasting, and variance analysis to support decision-making
• Ensure compliance with statutory laws, tax regulations, and internal policies.( Direct taxation, Indirect taxation)
• Experience in handling SEZ compliance and filing , Import & Export filing under Customs
• Manage cash flow, working capital, and investment activities to optimize financial performance.
• Partner with cross-functional teams to provide financial insights and recommendations.(Technical, Non Technical(Management, CS, Operational, HR )
• Lead annual audits and liaise with external auditors and regulatory authorities.
• Implement internal controls to safeguard company assets and enhance operational efficiency.

Qualifications & Requirements:

• Bachelor’s degree in finance, Accounting, Commerce, or a related field (CA/CPA preferred).
• Fresher (CA) or M.Com with 3 years in finance or accounting role who can work in the start up or service Sector (IT and Manufacture)
• Strong knowledge of accounting principles (IndAS/GAAP), taxation and compliance.
• Proven ability to manage budgets, financial reporting, and forecasting processes.
• Knowledge in financial software (e.g.,Zoho Books, ERP Software) and advanced Excel skills.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership, communication, and stakeholder management and problem solving Skills abilities.

Key Competencies:

• Strategic Financial Planning and Analysis
• IT Project Costing & Profitability
• Risk Management & Compliance
• Forecasting & Budget Control
• Cash Flow & Cost Control
• Cross-functional Collaboration (IT, Product, Engineering)
• Data-Driven Decision Making
• Process Improvement & Automation

Performance Indicators (KPIs):

• Accuracy and timeliness of financial reports(ARR, MRR)
• Budget variance control
• R&D spending efficiency
• Project profitability and utilization rates
• Customer Acquisition Cost (CAC)
• Gross margin for software and services
• Cash flow management efficiency
• Audit and compliance ratings
• Team productivity and development