Manager Business Finance

Job Title: Manager Business Finance

Position Location: IRIS Software, Noida Office

Job Brief:

Financial planning, forecasting and performance analysis of company's business units and at entity level, providing critical financial insights to leadership by analyzing data, creating reports, and discussions supporting strategic decision-making. Collaborating with various departments to ensure accurate and timely financial information creation and delivery.

Good understanding of Revenue Assurance as per IFRS / USGAAP and monthly close of books of accounts.

Key Accountabilities:

1. Financial Planning & Budgeting:

a. Develop annual budgets for business segments and at entity level, including revenue, cost, and expense projections.

b. Coordinate with cross-functional teams to gather input for planning.

c. Analyze historical data and market trends to create realistic budget forecasts.

2. Forecasting and Performance Analysis:

a. Regularly monitor actual performance against budget and forecast, identifying variances and explaining key drivers.

b. Conduct in-depth financial analysis of business performance metrics (KPIs) to identify areas for improvement.

c. Prepare insightful financial reports and presentations for senior management.

3. Submission of monthly financials dashboard, customer wise project profitability and rolling forecast.

4. Preparation of monthly/Quarterly/yearly financial results, identify variances and discuss and stakeholder for appropriate actions or decisions

• Submission of Management PL with variance analysis between budget and actuals with reasons thereof.

5. Analysis of various costs and identify, plan for cost control initiatives.

6. Submission of simulation model of Management PL with all key drivers.

7. Strategic Decision Support:

• Provide financial modeling and analysis to support strategic initiatives.
• Ad-hoc analysis depending on business need.

8. Active participation in bid, commercial process, understanding and providing key data, being part of discussion and setting expectation on profitability of bids. Interactive discussion with various functions for updating the cost metrics real time.

9. Contract management - understands relevant clauses of Master Service Agreement (MSA) / Customer contract and their implication on Revenue recognition in line with the requirement of IFRS & USGAAP. Monitoring life and renewal of contracts for continuity and better forecasting of business.

10. Interactive with all relevant functions – Sales, delivery, recruitment, Talent management, training with reference to business in hand.

11. Understanding and working experience in any ERP (Oracle / SAP) is preferable.

12. Excellent Excel/VB skills. Database i.e. Access, SQL Power BI skills are a plus.

13. Experience of managing changes in platforms from data perspective.

14. Customer (internal or external) oriented - with overall view of Business.

Key interactions:

Associate Director Finance

Director Finance

CFO

Delivery & Operations, Sales and engagement partners, Business managers/ leaders/ accounting managers/accounting head.

Internal and external Auditors

Skills & Knowledge:

Educational qualifications:

Bachelor's degree in commerce

Professional qualification:

Semi qualified CA/ qualified CMA

Relevant experience and skills:

Must haves:

1. At least 10 –12 years of work experience in FPNA function including knowledge of revenue assurance & accounting, book close etc. preferably in IT and IT-service Company.

2. Understanding of financial statements, financial ratio analysis and interpretation of numbers.

3. Quick learner. Excellent analytical & presentation skills.

4. High level of integrity and dependability with a strong sense of results-orientation.

5. MS Office – Advanced Excel, Power point

Good to have:

1. 4-5 years of people management experience.

2. Background in IT business

3. ERP working knowledge

4. Knowledge of accounting package QB, Tally etc.