Team Member – Financial Planning & Analysis

Hiring for: One of India’s leading non-banking financial companies (NBFCs), focused on driving financial inclusion across rural and semi-urban markets.

Role: Team Member – Financial Planning & Analysis

Positions: 1

Experience: 2 to 4 years

Location(s): Kurla, Mumbai

Type: On-site / Permanent

Salary: Up to INR 14 LPA (Includes 5% variable pay)

JOB DESCRIPTION

1: Job Purpose Statement

The Financial Planning & Analysis Team Member will play a critical role in financial planning, analysis, and cost management to support our strategic goals. 

This role will focus on budgeting, forecasting, and controlling costs to ensure financial efficiency across the organization.

2: Duties & Responsibilities

·      Financial Planning and Analysis: Develop and maintain comprehensive financial models and forecasts that support the company’s strategic initiatives and decision-making processes.

·      Cost Management and Control: Monitor, analyze, and control expenses across departments, ensuring alignment with budgets and forecasts. Identify opportunities for cost savings and efficiency improvements. Implement cost control measures and track their impact on financial performance.

·      Automation: Collaborate with data analytics team for automating the branch and product profitability. Creating dashboards for senior management providing sharp insights.

·      Budgeting: Lead the annual budgeting process, including preparation, consolidation, and presentation of budgets to senior management. Work closely with department heads to ensure budgets are realistic and aligned with organizational objectives.

·      Forecasting: Prepare monthly, quarterly, and annual forecasts, and update them based on actual performance and changing business conditions.

·      Variance Analysis: Conduct detailed variance analysis to understand deviations from budgeted costs and take corrective actions as needed.

·      Presentations: Prepare and present financial results, forecasts, and cost management strategies to senior management and other stakeholders.

3: Key Challenges

·      Data Collection & Validation

·       Gathering financial data from various departments and ensuring accuracy for analysis and reporting.

·      Budgeting & Forecasting Support

·       Assisting in preparation of budgets and forecasts by providing relevant inputs and performing variance checks.

·      MIS & Reporting

·       Generating periodic financial reports, dashboards, and performance summaries for internal stakeholders.

·      Cross-Functional Coordination

·       Collaborating with business units to understand financial drivers and support decision-making processes.

4: Decision Making Authority

·      Independent Decisions Prepares financial reports, performs variance analysis, and supports budgeting activities within defined guidelines.

·      Manager Consultation Required Seeks input for adjusting forecasts, interpreting complex financial trends, or proposing changes to financial models.

·      Escalation to Higher Authority Refers decisions involving strategic financial planning, major budget reallocations, or policy deviations to senior leadership.

·      Job Procedures to Follow Adheres to financial reporting standards, internal control policies, and company-specific FP&A processes and tools.

5: List of internal and external stakeholders the role is expected to interact with to execute duties effectively

·      Internal Stakeholders: Business Unit Heads, Sales & Marketing, Operations & Supply Chain, Accounting & Treasury, Senior Management

·      External Stakeholders: Auditors, Financial Consultants, Banks & Financial Institutions, Regulatory Authorities

6: Job Requirements

Professional Qualification

 Knowledge

Skills & Attitude

·      Chartered Accountant (Must)

·      CFA (preferred)

·      Graduate in Commerce / Economics

       Financial modelling

·      Budgeting & forecasting

·      Variance analysis

·      Business finance

·      MIS & reporting tools

·      ERP systems (e.g., SAP, Oracle)

·      Analytical thinking

·      Attention to detail

·      Strategic mindset

·      Communication & presentation

·      Stakeholder management

·      Problem-solving

·      Integrity & ownership