Budget Planning Consolidation - Financial Planning & Analysis - KPO

Budget Planning Consolidation - FP&A

Describe The Duties And Responsibilities Of The Position:

Being a part of the larger FP&A Organization, this position will be supporting all aspects of the FP&A implementation of global budgeting platform using SAP BPC with a primary focus on:

- Working with business units and functions, define and capture business requirements for data needs, process capabilities and reporting needs

- Oversee and create consolidated business requirements for the various FP&A core processes

- Contributing to the development of Process Flow Diagrams

- Standardize the process and methodology

- Common global budget template

- Implementation of the FP&A Platforms/Technology to enhance reporting and analytical capabilities

- Re-engineering, streamlining and integrating core FP&A processes: strategic planning, budgeting, forecasting, monthly and quarterly results, weekly estimates, etc.

- Participation in change management processes

- Create use cases and co-ordination of UAT

- Building FP&A data standards and consistent reporting requirements: KPI trees, performance management frameworks, charts of accounts, etc.

Position's responsibilities include:

Business Requirements:

- In collaboration with various finance functions and business units, gathering BU level requirements for all FP&A core processes

- Standardize the BU level requirements in to one common process and methodology

- Consolidate the business requirements and produce BRDs

Implementation of FP&A Tools and Platforms:

- Coordination with all technology and project teams

- Working with multiple business units to gather, conducting current state assessments, developing, integrating and owning FP&A requirements

- Defining requirements and project-managing the FP&A systems changes and enhancements

- In collaboration with technology organization, performing analysis of alternative technology solutions

- Working with external vendors and internal teams, implementing the platforms and tools for FP&A function

Project Management:

- Create project plans, timelines and deliverables

- Forming end-state vision and proposing process and technology solutions

- Partnering with FP&A heads/leads across FP&A Organization

- Working with internal distributed project teams to achieve project goal sand deliverables FP&A Process Design:

- Designing, streamlining and integrating major FP&A processes for (planning, forecasting, weekly estimates, quarterly and monthly results, etc.)

- Serves as a business process expert

FP&A Data Standards and Reporting Requirements:

- Consolidating and building data standards requirements on behalf of FP&A organization

- Developing and implementing common FP&A data models and reporting standards across (KPI trees, charts of accounts, performance management frameworks, etc.)

FP&A Data Reconciliation and Data Conversion:

- Reconcile data between existing manual submissions to automated SAP based GL data sources

- Help convert and load the budget and forecast data from the exiting planning platforms to BPC systems

Skills/Experience Required:

General:

- MBA / MS in Finance Degree or equivalent working experience

- Min. 7+ years (for Manager) of full-time experience within financial services industry, finance function of consumer companies or adjacent fields (i.e., financial consulting)

Finance Functional Knowledge - required:

- Familiarity with core company-wide FP&A and reporting processes

- Familiarity with FP&A functional requirements for reporting and MIS

- Prior experience within FP&A or financial reporting areas preferred

- Internal experience with or its subsidiaries is a plus

- Knowledge of the Property and Casualty industry and insurance terminology preferred. Cross-functional knowledge of insurance industry business functions is highly preferred

Knowledge of Finance Platforms/Technology and Finance Architecture:

- Familiarity with major financial reporting platforms and EPM solutions for large enterprises, particularly for consolidation/aggregation and planning/forecasting (SAP BPC, Oracle Hyperion and other solutions)

- Understanding of building blocks of company's finance architecture (product processors, GL systems, data warehouses, reporting and consolidation platforms, planning platforms)

Business Requirement Analysis and Gathering:

- Must have extensive Business Analysis experience

- Experience in gathering Business Requirements, Writing BRD- s, Change Management, Change Control, Documentation, Process Flow, etc

- Strong documentation skills, business requirement artifacts-Visio process diagrams, Use Cases, Business Rules, Supplemental Specifications, User Interface Design Specifications

Business Process Design and Re-Engineering:

- Familiarity with business process design and re-engineering concepts, major process improvement methodologies

Project Management Skills:

- Prior experience of managing complex data warehouse projects and providing project leadership

- Experience of leading (co-leading) the projects through their life-cycles from project initiation to completion

- Familiarity with basic project management tools, including preparation and maintenance of project plans, resource coordination, identification of constrains/risks, preparation of status reports and others

- Prior experience of work on defining strategy for complex re-engineering initiatives or implementation projects is a plus

Other Skills:

- Technologically savvy (with hands-on knowledge of MS Excel)

- Ability to build relationships, work effectively and achieve results working in matrix organizations

- Excellent communication skills, ability to negotiate, follow-up, influence, sometimes without direct authority

- Ability to flexibly switch from management of distributed teams to execution

- Hands-on approach, ability to multitask and prioritize

- Strong presentation skills (with intimate knowledge of MS PowerPoint)