AddressJob Description: Business Intelligence
Department: Finance and accounting
Reports To: Management
Overall Objective:
Collaborate with management to develop accurate and optimized budgets for all departments, prepare financial forecasts, manage expenses, and analyze financial data to support informed decision-making within the organization.
Key Responsibilities:
Budgeting:
- Work with department heads to understand their needs and develop detailed budgets for various departments like Sales, Marketing, HR, Purchases, Raw Materials, Resources, and Overhead.
- Analyze historical data and market trends to create realistic financial forecasts and identify potential risks.
- Assist in developing strategies to minimize financial risk and optimize resource allocation.
- Monitor budget utilization across departments and analyze variances against forecasts.
- Provide recommendations for managing expenses and ensuring budget adherence.
Financial Reporting & Analysis:
- Handle MIS and generate various reports related to accounts payable, receivable, and general ledger.
- Ensure all payments follow established documentation and approval processes.
- Review and analyze the status of budget utilization across departments.
- Proactively monitor cash flows and P&L for the organization and individual factories.
- Create and publish quarterly P&L and balance sheets to evaluate company and factory performance.
Costing:
- Oversee the costing process and ensure accurate calculations of product costs and profitability.
- Implement inventory valuation methods and cost control measures to reduce waste and optimize turnover.
- Develop and track key metrics to measure progress against financial plans and present them in weekly status reports.
Communication & Decision Support:
- Prepare comprehensive status updates including analysis of key metrics like actual vs. planned budget and cash flow.
- Present updates and insights to COO and Execom meetings.
- Discuss strategies to address performance gaps, emerging issues, and compliance risks.
- Collaborate with management to make informed financial decisions.
Data Management & Reporting:
- Compile, analyze, and report financial data accurately and efficiently.
- Support data-driven decision-making processes through insights and analysis.
Qualifications & Skills:
- Degree in Finance, Accounting, or related field.
- 3+ years of experience in budgeting, financial forecasting, and cost analysis.
- Strong analytical and problem-solving skills.
- Excellent communication and presentation skills.
- Proficient in MS Excel, financial modeling tools, and ERP systems.
- Ability to work independently and as part of a team.
- Proactive, self-driven, and detail-oriented.
- Strong time management skills with the ability to meet deadlines.
- Excellent written and verbal communication skills.
- Ability to think strategically and identify opportunities for improvement.
- Passion for data analysis and supporting data-driven decision-making.
Additional Information:
- This role requires strong working knowledge of MIS, cost accounting principles, and financial reporting standards.
- Experience with costing and pricing analysis is a plus.
- Excellent interpersonal skills and the ability to build relationships with key stakeholders are essential.
