Assistant Manager - Financial Planning And Analysis
Contract type :Permanent
Availability :Full time
Job description
The Assistant Manager - Financial Planning & Analysis (FP&A) is responsible for overseeing financial analysis, budgeting, forecasting, and MIS reporting to support strategic decision-making and enhance financial performance. This role involves analyzing financial data, ensuring data integrity, optimizing budgeting processes, and providing key financial insights to management. The position also plays a crucial role in cost control, risk assessment, and compliance with financial regulations to drive the organization's profitability and long-term growth.
KEY RESPONSIBILITY
Financial Planning & Analysis:
- Conduct financial analysis and reporting to identify trends, variances, and performance metrics, providing actionable insights for management.
- Assist in the development of annual budgets, quarterly forecasts, and long-term financial projections to align with business objectives.
- Perform variance analysis, comparing actual financial results against budgets and forecasts, and recommend corrective actions.
- Support cost analysis and profitability assessments to drive cost-saving initiatives and process optimization.
Management Reporting & Data Analysis:
- Prepare and present accurate MIS reports, including store-wise Profit & Loss (P&L) statements, Balance Sheets, and other financial reports.
- Ensure the timely month-end closing of financial reports and modules in accounting systems.
- Evaluation of CAPEX proposals and store feasibility
- Perform ledger scrutiny, trial balance reviews, and general ledger reconciliation to ensure data accuracy.
- Assist in managing insurance processes for retail outlets, assets, warehouses, and offices.
Budgeting & Forecasting:
- Assist in preparing budgets and forecasts, ensuring alignment with strategic objectives.
- Develop and maintain financial models to support business decisions, investment planning, and risk management.
- Support the monthly reconciliation of intercompany transactions and accounts to ensure financial integrity.
Compliance & Risk Management:
- Monitor financial compliance with regulatory requirements and internal policies.
- Ensure risk management processes are in place to safeguard financial health.
- Assist in audit processes and internal financial assessments to maintain accuracy and transparency.
DESIRED EXPERIENCE
The ideal Assistant Manager - Financial Planning & Analysis should have 5-7 years of experience in Management Information Systems (MIS) or IT management, with experience in a leadership role.
Proficiency in database management, data analysis, and ERP systems.
Strong analytical, problem-solving, and project management skills.
KEY RELATIONSHIPS
Manager - Financial Planning & Analysis, Business Teams, Functional departments, Executive - MIS & Business Analyst, Manager - Accounts and Finance, Treasury Operations Team, Purchase Team, Manager - Tax, etc.
KEY RESPONSIBILITY
Financial Planning & Analysis:
- Conduct financial analysis and reporting to identify trends, variances, and performance metrics, providing actionable insights for management.
- Assist in the development of annual budgets, quarterly forecasts, and long-term financial projections to align with business objectives.
- Perform variance analysis, comparing actual financial results against budgets and forecasts, and recommend corrective actions.
- Support cost analysis and profitability assessments to drive cost-saving initiatives and process optimization.
Management Reporting & Data Analysis:
- Prepare and present accurate MIS reports, including store-wise Profit & Loss (P&L) statements, Balance Sheets, and other financial reports.
- Ensure the timely month-end closing of financial reports and modules in accounting systems.
- Evaluation of CAPEX proposals and store feasibility
- Perform ledger scrutiny, trial balance reviews, and general ledger reconciliation to ensure data accuracy.
- Assist in managing insurance processes for retail outlets, assets, warehouses, and offices.
Budgeting & Forecasting:
- Assist in preparing budgets and forecasts, ensuring alignment with strategic objectives.
- Develop and maintain financial models to support business decisions, investment planning, and risk management.
- Support the monthly reconciliation of intercompany transactions and accounts to ensure financial integrity.
Compliance & Risk Management:
- Monitor financial compliance with regulatory requirements and internal policies.
- Ensure risk management processes are in place to safeguard financial health.
- Assist in audit processes and internal financial assessments to maintain accuracy and transparency.
DESIRED EXPERIENCE
The ideal Assistant Manager - Financial Planning & Analysis should have 5-7 years of experience in Management Information Systems (MIS) or IT management, with experience in a leadership role.
Proficiency in database management, data analysis, and ERP systems.
Strong analytical, problem-solving, and project management skills.
KEY RELATIONSHIPS
Manager - Financial Planning & Analysis, Business Teams, Functional departments, Executive - MIS & Business Analyst, Manager - Accounts and Finance, Treasury Operations Team, Purchase Team, Manager - Tax, etc.