- The Finance Digital Lead is the key and strategic interface between IT and Finance team for the function digitalization. The primary responsibility is to understand the key drivers & needs, provide proactive digital solutions for the finance transformation.
- This pivotal role aims to accelerate the understanding of business processes and IT resources that support these services and processes. This understanding will deliver business benefits, improve business agility & service, reduce risk and ensure regulatory compliance so that costs are reduced.
The role should own and drive the following for the finance function.
- Continuous process improvement
- Best in class industry practice adoption
- Optimum utilization of technology
- Own the Finance Digital roadmap and ensure initiatives are delivered along with the business case benefits
- Process Improvement
- Review company's business processes for enhancing effectiveness
- Partner with risk management and IT team in establishing system based controls and continuous improvements in finance function
- Drive process excellence initiatives - preparation of business case, feasibility assessment and solution analysis
- Ensure adequate systems are in place and adopt best in class industry practices for finance function
- Digital Technologies
- Ensure optimum utilization of investments made in existing technology (SAP, BPM platform etc.) to enhance the effectiveness of finance service delivery
- Assess impact of new technology on finance and identify opportunities to leverage investments in emerging technology such as RPA, Blockchain, BI/Reporting and EPM tools etc.
- Assist in selection of technology platforms for finance
- Liaise with Information Technology team for identification of vendors and implementation of systems
- Project Management of special projects
- Liaise with other relevant stakeholders for execution of process excellence projects
- Monitor and manage execution of process excellence projects to ensure effective and efficient implementation
- Manage change management initiatives across finance organization
- Provide training to finance team members for development of requisite skillsets
- Provide integrated solution delivery to the finance senior management team.
- Translating finance plans into specific IT requirements and programmes/projects.
- Initiate programmes to deliver Digital projects
- Monitor projects to ensure they deliver business improvement and are aligned with organizational objectives and overall Digital roadmap
- Bring in best practices from industry and help analysing the same for business to implement and benefit further
- Work in partnership with the business units as a member of the management team, to fully understand the key business drivers, processes and needs of current challenges as well as future strategic initiatives and objectives
- Ensure all IT projects are designed and delivered in line with business requirements and priorities
- Liaise closely with the IT Leadership Team to align IT to business process
- Initiate and support business case development for prioritized opportunities (with Revenue / Cost Impact and Potential IRR)
- Co-create solutions along with business, IT teams (infra, SAP and Digital) and vendors for the opportunities, challenges, improvements that have been identified and prioritized
- Review solution architecture from a scalability, flexibility, sustainability standpoint
- Take responsibility for implementation programmes or system upgrade initiatives and ensure they are delivered within schedule, cost and quality to business units
- Work in partnership with business to drive key change programmes to improve system process to make them simpler, cheaper and better.
- Fully participate in wider business projects with Digital focus.
- Bring business understanding to IT policy development and provide a conduit for testing draft policies within the business.
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