Associate - Business Finance Operations (Bfo)

1 month ago

Mumbai, India TIAA Full time

Associate, Business Finance

The Associate Business Finance job is responsible for compiling and analyzing the financial results of the organization. Through business analysis, financial record-keeping, modeling and forecasting, this job helps drive the strategic direction of the organization. Under general supervision, this job also provides financial insights that senior management uses to inform business and financial decisions.

Key Responsibilities and Duties
- Conducts forecasts and models of monthly financial results to allow senior team members to identify drivers, explain key variances and inform recommendations to senior management.
- Supports re-forecasting activities and updating/evolving forecast models.
- Assists with updating general ledger journal entry postings during the closing process to help ensure that financial statements are accurate.
- Prepares ad hoc reports that analyze financial results versus budget/forecasts.
- Ensures financial operations are in alignment with the organization's strategic goals and vision.
- Drafts financial reports and presentations to be delivered to management that inform business and financial decisions.
- Seeks guidance from senior Financial Planning & Analysis team members regarding challenges that require more advanced knowledge and experience.

Educational Requirements
- University (Degree) Preferred

Work Experience
- 2+ Years Required; 3+ Years Preferred

Physical Requirements
- Physical Requirements: Sedentary Work

Career Level

6IC

Business Finance office support
- Work closely with leaders across Technology and Finance functions to define and execute Business Finance office initiatives
- Turn ideas into business cases and help in prioritizing various projects

Assist in creating presentations for Executive Management
- Drafts financial reports and presentations for management that inform business and financial decisions.
- Seeks guidance from senior management regarding challenges that require more advanced knowledge.

Preparing operating budgets with and for various departments to support organization's cost optimization goals.
- Prepares financial models that analyze monthly financial results in order to identify drivers and explain key variances.
- Completes forecasts and modeling and ensures that results are timely and accurate.
- Completes re-forecasting activities and updating/evolving forecast models.
- Provide support during forecast / budget cycles with consolidation and tracking including stress testing.

Working with various departments to assist with their expense management strategies and procedures.
- Prepares ad hoc departmental reports that analyze departmental financial results versus budget/forecasts.
- Responsible for expense management, analytics and enhancing the management reporting provided to the Business Finance Officer Teams.
- Responsible for providing timely and effective management reporting and analytics around Revenue, Expenses, and Headcount.

Process improvement, Automation and Transformation
- Automate routine reports for various expenses and KPIs.
- Work closely with COE teams in identify system transformations and providing inputs from Business Finance perspective.

Required Education: MBA preferred

Relevant Experience:

- Corporate Finance or FP&A background strongly preferred.
- Experience with global support for top financial services or international companies preferred.
- IT Finance and project finance experience preferred.

Skills and Abilities:

- Excellent Power Point Skills must with Think-cell knowledge will be a plus
- Hyperion Essbase, Smartview, Tableau system knowledge desirable
- Keen desire to learn the business
- Strategic business partnering skills
- Strong oral and written communication skills.
- Solid PC skills including advanced knowledge of MS Excel, MS PowerPoint,
- Financial reporting/analysis experience. Prior FP&A experience must
- Attention to detail and ability to thrive in a fast-paced environment.
- Ability to adapt quickly and learn new tasks independently.
- Ability to generate bold, creative ideas to improve performance.
- Good critical thinking and problem-solving skills.
- Ability to succeed and work independently in a team environment.
- Flexible to work in shift timing - 2 PM to 11 PM IST (3.30 AM EST to 12.30 PM EST).

LI-RK1

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Company Overview

TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization, with a focus on technology, operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase

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