AVP - Financial Planning & Analysis - BFSI

Job Purpose:The purpose of the role will be to perform key activities (as described below) supporting the Planning and Analysis (P&A) function, across all products and countries.

The goal is to migrate FP&A activities performed across various locations globally and to consolidate them in Mumbai

Overtime, the teams would:

- drive the standardisation and improvement of activities to generate efficiency and re-engineering saves

- provide analysis and insights into Business results

Job Background/context:

The company is the leading global financial services company with some 200 million customer accounts. It does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage and wealth management.

Planning & Analysis is part of the Finance division and provides financial and related business information to the management to allow them to make informed business decisions and set key strategic goals. This includes weekly and monthly management reporting, Budgeting, Outlook & Forecasting and preparation of analysis to the support decision making

Mumbai FP&A COE will be an integral part and key partner of the core FP&A team

Development Value:

- Opportunity to join one the leading financial Institutions in the world which prides itself on people development and mobility

- The role also provides a fantastic opportunity to build a career within the Finance Division and gain a holistic and deep knowledge and understanding of various businesses in the company

- Interaction with people at all levels from different areas of the organisation (finance, business and infrastructure)

- The role provides a diverse and varied work coverage including monthly reporting, presentations, forecasting and ad hoc analysis

- Opportunity to work in a matrix organisation working with regional and country teams

Knowledge/Experience:

- Good financial analysis and management reporting background having 8 + years of prior work experience

- Experienced in Microsoft Office (including PowerPoint, Excel, Word & Access)

- Experience of working with financial data and knowledge of financial reporting tools. Essbase, Business Objects would be a plus.

- Interest in business and economic environment

- Exposure to COE environment/organization would be essential

Skills:

- Effective communication skills

- Strong analytical and problem solving skills

- Attention to detail is an essential part of the job

- Adaptability, multitasking and project management skills

- Demonstrate an ability to learn and desire to develop and improve by challenging status quo

- Interpersonal skills (ability to work with colleagues at all levels across multiple locations)

- Time management & organisational skills

- Good teamwork skills

- Flexibility – able to react quickly to changing priorities and timelines

- Takes responsibility and demonstrates ownership of issues

- Demonstrating management control of delegated tasks

Key Responsibilities (covering a multitude of roles):

Performance Measurement and Related Analytics:

- Analysing, investigating and explaining key movements and trends in major P&L lines

- Preparation of monthly financial metrics and key business drivers specific to different products

- Reviewing processes and suggesting/ implementing improvements & changes to current procedures

P&L & Headcount Reporting / Analytics:

- Preparation of various P&L & Headcount reports and ensuring timely adherence to deadlines

- Monthly variance reporting and reporting of any issues, risks & opportunities, Flash reporting (pre- month end estimates of expenses)

- Monthly management reporting, updating reporting decks & management reviews with Finance Management as required

Weekly Estimate Process:

- Assist in preparing weekly financial estimates for various products together with a geographic view

- Assist region products in preparing estimates

- Consolidation of regional segement results

Budgeting and Forecast Process:

- Working with Country & Regional Managers to create and review quarterly forecasts and annual financial plans, including reporting & analysis to explain changes against given baselines

Month End Reporting activities:

- Assist in key month end activities which provides oversight of completeness and accuracy of underlying management information

- Support various teams with key Management reporting as appropriate

- Reviewing financials on a daily basis during the month-end period and reporting issues to finance management, comparing Actual to plan/ forecast/ prior period to ensure correct month-end close & investigating unusual postings and/ or escalating with Countries

- Working as part of a diverse team spread across the region, Interaction with a wide range of people and exposure to Regional /Global Finance Owners

Team Management:

- Ability to lead and drive a team of more than 4-5 FTE

- Has a Proactive approach to problem solving

- Sound Decision making skills

- Result Oriented

- Ability to generate re-engineering ideas as part of the normal business work