Business Finance Analyst

Business Finance Analyst

Tata Industries Limited
3-5 years
Not Specified

Job Description

POSITION : Analyst, Business Finance

LOCATION : Bangalore

Job Summary:

The Analyst, Business Finance, will support business finance function in establishing and delivering the key processes and monitoring the progress. S/he would report to the Head, Business Finance and would assist on all strategic and tactical issues including that of revenue assessment, invoicing, AR accounting, cash flow, cost analysis and forecasting, procurement etc.

Assess revenue for all opportunities basis the contract and maintain the tracker.
Study the client's contracts to ensure the timely billing
Invoicing basis the contracts within the timeline
Accounting for the AR and sales in financial ERP
Assist in liaising with the client's counterpart and monitor the collection
Asist in yearly budgeting exercise and monitoring the same on monthly basis.
Assist in procurement activities, vendor selection, negotiating with the vendor, PO generation and payments
Ensure documentation and approvals substantiating the revenue recognition, accounting, invoicing etc.
Assist in formulating the company's future direction and supporting tactical initiatives
Publish monthly statements and provide regular reports of budget vs variance, revenue, AR aging, monthly cash collection etc. and develop performance measures to support business decisions

Candidate Requirements:
3 5 years of relevant experience in Finance.
M.Com/ Semi- qualified ACA / MBA Finance
Exposure to Business Finance; Conversant to the contractual nuances / obligations.
Strong business acumen, attention to detail, clear and crisp communication skill, and Stakeholder management skills

COMPANY OVERVIEW
Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, India. It encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Group was founded in 1868 by Jamsetji Tata as a trading company. It has operations in more than 80 countries across six continents. Tata Group has over 100 operating companies with each of them operating independently.

Tata Sons is the promoter of all key Tata companies and holds the bulk of shareholding in these companies.

BACKGROUND

The Tata companies together serve over million consumer and commercial customers today across several products and services. In order for the Tata companies to better understand customer and client needs and preferences, action life stages, needs, value, and potential, and enhance value and experience; the Tata companies need to develop robust data and information management capability and customer analytics. The vision is to eventually create the best in-house capability for data analytics amongst any large corporate. To achieve the above aims, it has been decided to establish an independent Tata company focused on building a common data analytics platform and help Tata Group companies. This company is being incubated in the initial phase as a division of Tata Industries and will subsequently be structured as a separate company to build Big Data Analytics and Data Science capabilities catering to but not limited to the ‘Consumer’ brands of the group.

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