Financial Planning & Analysis Manager

Job Purpose

The purpose of this job is to drive and coordinate the business planning and budgeting process across functions. This role translates the finalized business plan into detailed operating plans and budgets in consultation with teams across the business. It serves to design and drive comprehensive MIS frameworks customized to different functions and lines of business. Additionally this role also provides periodic and need-based reports on business performance, budgetary adherence, industry/ competitor analysis, data analytics, etc. to senior management

Job Context & Major Challenges

Job Context/Job Challenges:Organizational Context
ABC Digital has been incorporated as a wholly owned subsidiary of Aditya Birla Capital in 2023 to engage in distribution of Aditya Birla Capital products and providing services to customers, including web-based services, e-commerce, and payments facilities and allied activities. ABC Digital is developing an omni-channel based D2C platform (website and app) to acquire new customers and serve them seamlessly. In addition, ABC Digital has started a virtual engagement management through inbound and outbound calling. Also, ABC Digital is engaged in cross-selling different ABC products to walk-in branch customers. ABC Digital is collaborating with all ABCL subsidiaries to deliver a truly personalized and seamless omni-channel experience for both new and existing customers by building capacity and enhancing productivity through investments in talent, technology, marketing, and data and analytics. Job Context Key Aspects: The Finance and Accounts department manages the entire accounting, budgeting, planning, MIS and Compliance systems of the company and is responsible for depicting true state of affairs of the business & fulfilling all statutory obligations for business continuance Team Lead Planning & MIS is responsible for leading the business planning and budgeting process for the company, and is responsible for creating the MIS framework and methodology for effective tracking, financial control and reporting of key business performance parameters. Key Challenges To drive timely availability of accurate information in desired formats, maintaining consistency across different functions and ensuring data currency and integrity To meet stiff reporting timelines and ensuring extensive coverage of all key reporting metrics as per requirements of different stakeholders/ reports Driving pan-organization planning and budgeting processes by coordinating with diverse stakeholders across functions influencing them to provide necessary data/ inputs towards ensuring process completion as per desired standards and timelines Inadequate system automation and integration for robust data management and convenient access Delivering ad-hoc reports/ presentations for senior business stakeholders/ management on critical areas within a short time span Enabling Skill Sets & Qualifications Critical skill sets required to meet these challenges are strong Analytical and Presentation skills, strong Business and Financial acumen, evolved Stakeholder Management and Influencing skills, and superior MIS related IT skills. Education & experience required to fulfil this profile are a CA/ MBA Finance with minimum 3-4yrs of experience in managing accounting operations in a bank/ NBFC/ HFC

Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Business Planning, Budgeting & MIS framework design Design and finalize a framework for annual business planning and budgeting in consultation with the finane head and senior management Establish a process of finalizing and analyzing business plans, interfacing with different functions and collating the required information in a structured manner so as to enable a detailed operating plan. Establish and roll-out a systematic process for compiling business plans and planned budgets in an efficient manner, to enable subsequent analysis and MIS tracking. Liaise with relevant business stakeholders to devise and finalize branch profitability models. Design and disseminate MIS & reporting formats to provide accurate information in a clear and concise manner, ensuring adoption and adherence for standardized reporting across the organization KRA2 Business Strategy Execution Carry out an impact assessment of key business strategies and provide inputs accordingly to senior management. Hold periodic meetings with function heads and budget holders to review progress on business objectives and budgetary adherence, highlighting areas requiring attention/ course correction Build insights through data analytics, sensitivity analysis, scenario building and other tools, to provide decision support to key stakeholders and business leaders KRA3 MIS, Reporting and Presentations to Management Create/ Review relevant Business MIS for regular decision making, awareness and financial control, providing information to senior management/ management Create/ Review quantitative and qualitative variance reports of Budgets Vs Actuals and present to budget holders and management Highlight key exceptions, variances, etc. with details and record the actionable against them, if any; track completion of finalized action steps Create a repository of all critical reports, information and MIS generated during the course of the business year Make presentations to senior management on business performance, annual plan, data analytics, etc. KRA4 Business Strategy Refinement Conduct periodic/ on-demand competitor analysis, industry and macro-economic research and make presentations to management on key trends and factors impacting current and future business Track progress against medium and long term strategic goals in the context of the evolving market scenario, and present key insights to management/ business leaders for strategy re-alignment and refinement