Assistant Manager/ Manager - Financial Planning & Analysis

I am hiring for a leading MNC for the role of FP&A in Pune.

Profile: FP&A

Designation: Assistant Manager/ Manager

Experience: 7-12 Years

Qualification: Engineering/ MBA (Finance)/ CA/ CMA

Location: Pune

Job Description:

1. The candidate should have a minimum of 7 years of relevant experience in Financial Planning & Analysis (FP&A).

2. Must have strong experience in budgeting, forecasting, variance analysis, and profit & loss (P&L) management.

3. Capex experience is mandatory.

4. Candidates should have FP&A experience in any of the following industries: Oil & Gas, Manufacturing, Retail, Logistics, Power & Energy.

Business Partnering

- Monthly Value of Work Done (VOWD) Preparation: Support Budget Responsible Officers (BROs) in preparing monthly VOWD for project and cost centre scopes, continuously improving the process and supporting its application within the Cost Management Tool (CMT).

- AFE Management: Lead the creation, documentation, validation, and approval of AFEs as required by asset-specific joint operating agreements and communicate cost objects to the organization following AFE approval.

Operational:

- Purchase Order Monitoring: Monitor POs associated with project scopes and provide support to BROs.

- Invoice Resolution: Support BROs with invoice resolution through collaboration with SAP specialists.

- SES Management: Provide guidance on SES release, assist with vendor payment requests, and manage SES reversals.

Technical lead:

- Super-User Support: Provide Super-User support for CMT, maintaining master data and cost data mapping.

- Performance management and reporting

- Planning and Forecasting: Collaborate with BROs to develop plans, budgets, and forecasts, ensuring the inclusion of third-party costs, labor, overhead, and allocation data into relevant planning and cost management systems to eliminate data gaps and ensure data quality.

- Cost Performance Analysis: Utilize technology to develop monthly cost performance analyses (e.g., monthly & quarterly run-rates, cost-reducing initiative delivery, actuals/accrual variance to plan, year-on-year costs) and generate action plans to improve performance.

- Variance Commentary: Prepare monthly variance commentary of actuals against QPF, ensuring accurate financial reporting.

Must have experiences/skills (To be hired with):

- Advanced-level use of PowerBI, Excel, and data analytics.

- Strong verbal and written communication skills.

- Prior experience in finance processes, especially in estimating value of work done, budgeting & forecasting, and cost monitoring & analysis.

- Continuous improvement in performance management and MI to promote standardization and simplification.

- Ability to gain trust from finance and business senior stakeholders.