Senior Manager

EXL

8 - 13 years

30 - 35 Lacs

noida

Posted:6 days ago| Platform:

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Skills Required

financial analysis process improvement billing revenue recognition corporate finance business strategy risk management variance analysis operations recruitment

Work Mode

Work from Office

Job Type

Full Time

Job Description

The person will lead budgeting, forecasting, and financial analysis efforts, providing critical insights to senior management
Reporting to the SVP, Corporate Finance, this role involves P&L analysis, financial reporting, and collaboration with cross-functional teams
Proficiency in business analytics (BA) tools is essential to enhance financial analysis and reporting capabilities
Primary Responsibilities: Budgeting & Forecasting: Develop and manage annual budgets and quarterly forecasts in collaboration with the BU Head and relevant stakeholders
Monitor and track performance against budgets, identifying any variances and providing explanations
Prepare monthly, quarterly, and annual forecasts, adjusting for any operational or financial changes
Assist in the consolidation of BU-specific budgets and forecasts with corporate financial targets
P&L Analysis: Conduct monthly P&L analysis to evaluate business performance, identifying key trends, variances, and risks
Provide detailed analysis of revenue, expenses, gross margins, and operating income
Work closely with the BU Head to provide insights on profitability and cost efficiency, and recommend corrective actions where necessary
Provide in-depth analysis and commentary on P&L statements for senior management and stakeholders
Invoicing & Revenue Recognition: Oversee the invoicing process, ensuring accurate and timely invoicing for all business transactions
Work with sales, legal, and accounting teams to ensure accurate revenue recognition in compliance with applicable standards
Coordinate with the finance team to ensure proper tracking of billing cycles, payment receipts, and aged receivables
Financial Reporting: Prepare monthly, quarterly, and annual financial reports for the BU Head, senior management, and stakeholders
Provide key financial metrics and performance dashboards to help track business performance and operational efficiency
Develop ad-hoc financial reports and analysis based on the businesss needs, including scenario analysis and what-if modeling
Variance Analysis & Financial Modeling: Analyze budget-to-actual variances and prepare detailed variance reports, identifying underlying drivers and trends
Create and maintain financial models to forecast future performance, assess new initiatives, and support business decisions
Provide data-driven insights to the BU Head, helping to guide business strategy and operational adjustments
Collaboration with Cross-functional Teams: Work closely with various departments such as Front end, Operations, Recruitment, and HR to gather data and ensure accurate financial reporting
Act as a liaison between the Finance team and BU Head to communicate financial insights, concerns, and opportunities
Assist in identifying cost-saving opportunities and business growth initiatives through financial analysis
Process Improvement & Automation: Identify opportunities to streamline FP&A processes, including budgeting, forecasting, and reporting
Recommend and assist in the implementation of tools, systems, or automation to improve the efficiency and accuracy of financial operations
Ad-hoc Analysis & Decision Support: Provide financial analysis and decision support for strategic business initiatives, product launches, or market expansions
Assist the BU Head with key business decisions by evaluating financial risks and returns
Compliance and Risk Management: Ensure adherence to financial policies, regulatory requirements, and internal controls during budgeting and financial reporting processes
Identify and highlight financial risks within the business and work with management to develop mitigation strategies

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