AVP - Financial Planning & Analysis - CA - BFSI

Role summary :

- AVP will head the finance function consisting of processes like Management Reporting including Forecasting for Expenses, Income, Balance Sheet, CCAR etc.

- Will manage medium to large operation with multiple units and/or multiple sites, taking a leadership role in the group, area or function.

- Typically manages subordinate managers or professional teams.

- Has accountability for units' financial and operational performance.

- Develops and implements shorter-term strategies with low-to-moderate financial risk and that could impact functions or activities outside the group.

- He/she will be a subject matter expert who will in turn be expected to lead a set of frontline managers, SMEs and specialists.

This role will be responsible to :

Manage day-to-day operations

- Ensure governance including MBRs, QBRs (Master Boot Card),

- Will be responsible to deliver on all agreed SLAs and key metrics and will be the SPOC for the functional owner from the finance COE.

- Will be responsible to drive automation and be able to identify other transformational ideas to improve process efficiency and effectiveness.

- He/she will also be responsible for managing, reporting, career path and R&R related activities for their DR's and also lead/engage and deliver towards organization level initiatives

Desired educational qualification:

CA with additional qualifications like CWA/CMA or MBA (finance) from reputed institutions

Total work experience :

15-17+ years of experience

Relevant work experience :

8+years of operational experience in a GIC or a third party services organization and in managing F&A processes of atleast 50-100+ FTE size, (preferably BFSI Finance processes)

Preferable to have prior experience in F&A solution design / transitions (2-3 years)

Should have mandatory exposure to US GAAP

Job Duties and Responsibilities:

Initial set of responsibilities :

- Able to assess and conduct due diligence of finance processes

- Analyze monthly results, identify changes in trends, and recommend potential actions to improve results

- Communicate results of analysis to business managers

- Prepare monthly forecasts and annual plan. Develop and maintain analytical models to support forecast and plan preparation

- Define futuristic TOM (Target Operating Model) using offshore, near shore components and in determining the idealistic technology landscape in which to deliver operations

- Ability to identify and classify processes into transactional, analytical and judgmental

- Able to navigate around ambiguity and availability of clear information. Should be able to work with these data points and be able to come up with implementable solutions

- Good communication and persuasive skills in convincing process owners on the benefits of leveraging various cost levers and the ability to get things delivered from an offshore location

- Build relationship with business partners

- Ability to visualize and draw transition plans and to be able to come up with project plans

- Should be able to define detailed RASCI charts while defining TOM

- Able to define process maps with detailed information around process controls and handoffs

- Extensive travelling for longer period times during the initial setup of the project

- Able to come up with training plans for rest of the team

- Preferable to have played the role of a Trainer for a brief period

- Primary responsibilities once processes are stable:

- Manage day-to day operations

- Support process expansion, staffing and hire new team members

- Implement training plans

- Conduct performance reviews

- Leadership role in transformation, implementation of best practices and process improvement initiatives

- Exposure to Lean, Six Sigma

- Flexibility to work in shifts

- Ability to multi-task and work in executing tasks under pressure and tight deadlines

- Participate in career pathing and development of team members