|
Job Title : Associate Manager - Business Finance
Organisation Name :-NEC Corporation of India Limited
Reporting Relationship - Senior Manager Finance
|
|
Role Summary:-
Business Finance is responsible for being objective and strategic business process, leading cross-functional effort to drive relevant, flexible and efficient business analysis that supports our key business decisions.
- Closely tracking Project Expenses
- Financial validation of Bids, Pricing, Profitability of RFP response
- Tracking recurring business for early indication of growth / decline.
- Project / Customer and Product Profitability Analysis.
- Evaluating profitability of Proposals.
- Making different business models.
- Analyzes resource management and helps the business to maintain the better utilization.
- Analyzes business trends; leads and aligns business financial forecasts and long-range planning processes with our business leaders. Drives business value by providing financial and analytical counsel to facilitate decision-making around strategic business initiatives.
- Prepares monthly financial reporting including variance and financial statement analysis. Able to clearly communicate a cohesive and concise story around business drivers behind financial data and potential implications on future results.
- Handles annual budget processes with business heads, incorporating business initiatives, economic trends and operational efficiency. Aligns' budget to business strategies and gains alignment from business partners.
- Conducts sophisticated analysis, synthesizes and summarizes implications to business, influencing business partners using analytics and business understanding.
- Identifies and executes upon operational improvement opportunities. Demonstrates proficiency of technical tools and financial systems.
- Serves as an objective financial steward with an enterprise perspective, safeguarding our company's assets. Ensures controls are in place and the company's intellectual property is protected.
- Facilitate the annual budget and quarterly forecast process, including analysis of consolidated projections and preparing management-level presentations
- Manage departmental cost center budgets and serve as a finance business partner to the respective budget owners
- Develop and deliver robust, consistent and accurate analysis of business performance using KPI dashboards and non-financial data to highlight performance
- Analyze data and facilitate sound management decisions through financial and metric reporting while highlighting material variances, trends, & risks/opportunities, and providing insightful commentary to the business and partners
- Ensuring accurate and timely billing, reconciliations and collections with customers, including proactive engagement with customers and BU teams
Responsibilities
- Is well versed with above mentioned work processes
- Business partnering - partner with leaders to supervise and analyze business performance, find opportunities for improvement, and project future financial performance
- Market analysis – review, analyze, and communicate to leadership market trends, competitor positioning, and market opportunities
- Reporting – prepare monthly/quarterly/annual financial reports, including financial statement, variance analysis, and key business drivers
- Budgeting and forecasting – facilitate the process that aligns with Corporate and business unit guidance and targets, including the impact of market trends, key business initiatives and drivers, and operational dynamics
- Communications – proactively engage, align and support related functions, such as Controllership, management and external reporting, audit, and organizational initiatives
- Operational improvement – identify and execute improvement opportunities that improve the efficiency and effectiveness of the Business process. Ability to drive adoption of the standardized and streamlined reporting packs in consultation with business stakeholders
- Policies and procedures – review, monitor and lead all aspects of compliance with finance accounting policies and procedures, including the risk and control environment
- Dynamic environment – exhibit proactive and leadership skills that are flexible and adaptable to a changing business dynamic
- Resource management and track utilization of the team and proactively plan for allocations, trainings & learning sessions.
Prerequsities:
- Desired Educational Background: Qualified MBA (Finance)/CA/CA (Inter)/ B.com with 3-5 years of experience in Business Finance
- Proficiency in Business Finance reporting and forecasting tools, and Excel/ PowerPoint
- Positive attitude and solutions-oriented approach.
- Ability and desire to be hands on in an entrepreneurial, fast-paced environment
- Ability to manipulate and model large volumes of data, interpret and identify pertinent issues
- Advanced proficiency level in Excel (advanced formulas; pivot tables; modelling, etc.) and PowerPoint (presenting information in a meaningful & concise manner)
- CRM experience; Sales Force experience highly preferred
- Strong analytical skills and critical thinking ability
- Effective interpersonal skills
- Ability to work with and influence non-finance teams based on robust data and analysis
- Ability to maintain a high level of accuracy in performing all essential duties and strong attention to detail
- Should have strong communication skills (Verbal and Written)
|
Specialization Description
General Finance Management is responsible for the day-to-day financial activities of the organization including:
- Controlling its financial resources and ensuring that all financial transactions, systems and procedures comply with regulations, accounting principles, and standards
- Financial analysis and reporting, taxation, insurance, credit control, accounts payable and receivable, inventory and costs control, and budgeting and forecasting
- Analyzing the organization's revenues, liabilities, credit conditions, and other financial indicators to forecast it's short, medium, and long-term cash flow position
- Evaluating and recommending investments and other financial instruments to meet cash flow needs
- Advising management on financial matters and the impact of laws and regulations on the organization
- Providing expertise and advice to managers to help them develop budgets, understand financial reports, and manage their financial responsibilities
- Presenting findings and recommendations to top executives; preparing financial reports that may include auditor and financial analyst reports, profit and loss, balance sheets, and regulatory reports and filings
- Ensuring all tax returns, declarations, and other required reports are submitted accurately and on time
- Selecting and managing relationships with consultants and advisors to ensure the satisfactory standards of serviceSpecialization Match Note: Para-Professional incumbents compile and maintain financial information.
Level Description
Typically leads a team of experienced or senior professionals who exercise latitude and independence in assignments. Level often assigned to manager of Supervisors. Implements policy and strategy for short-term results (1 year of less), whilst influencing others outside of own job area on policies, practices and procedures. Problems are difficult to moderately complex.
Headquartered in Japan, NEC is a leader in the integration of IT and network technologies. With over 123 years of expertise in providing solutions for empowering people, businesses, and society, NEC stands tall as a champion in enabling change and transformation across the globe. Present in India since 1950, NEC has been instrumental in burgeoning India’s digitization journey continually for the past 70 years.
NEC India has proved its commitment to orchestrating a bright future through its diverse businesses from Telecommunications to Public Safety, Logistics, Transportation, Retail, Finance, Unified Communication and IT platforms, serving across the public and private sectors. NEC India, through the deployment of cutting-edge technology, has been powering India in seminal ways, making lives easier, safer, and more productive for all.
With its Centre of Excellence for verticals like Analytics platform solutions, Big Data, Biometrics, Mobile and Retail, NEC India brings to the table, innovative, seamless solutions for India and across the world.
NEC India is headquartered in New Delhi and has its offices panned across the country. It has branches in Ahmedabad, Bengaluru, Chennai, Mumbai, Noida and Surat.
Specialties:
IT & Networking Solutions, Unified Communication Solutions, Safety and Security Solutions, Integrated Retail Solutions, Data Centre Solutions, Safe and Smart City Solutions, Transportation Solutions, SDN Solutions, Carrier Telecom Solutions, and Solutions for Society.
NEC Career Site - LinkedIn
