Job Description

Department
Forecasting & Budgeting Team 1
Job posted on
Feb 21, 2025
Employee Type
Full Time
Experience range (Years)
1 year - 5 years

Job title

Budgeting, Forecasting and Performance Mgt. Officer

Span

Function

Finance

Job Family

Reporting to (position)

Budgeting, Forecasting and Performance Mgt. Manager

Direct Reportees

Purpose Statement

Support the Budgeting , Forecasting and Performance Mgmt Lead in meeting the budgeting , forecasting and reporting requirements of the Group to effectively track performance, support business decisions and improve overall performance and efficiency

Key Role & Responsibilities

- Assist in implementing the annual budget and forecast for the organisation


- Assist in the financial planning process, soliciting inputs from concerned departments. Assist in developing short and medium-term forecasts


- Execution of the management reporting process to accurately reflect current and forecasted business performance


- Stay aware of advanced budgeting and forecasting technologies and their applicability to the organization


- Generate ad-hoc and regular reports as instructed by the MIS & Reporting Lead


- Assist the MIS & Reporting Lead in creating dashboards and corresponding analysis of data:


- Daily interim P&L


- Support Planning, Budgeting and forecasting cycle


- Support reporting & analysis


- Requirements on budgeting, forecasting, variances etc.


- Data preparation for analytics, cost, revenue, profitability, risk, new business etc.


- Dashboard creation and maintenance


- Prepare formats for reporting and ensure they capture all key financial information


- Create ad-hoc reports as requested by the user


- Conduct trainings, whenever required, on MIS activities for employees of other functions for their skill development


- Recommend new technology tools to improve reporting efficiency and standards


- Ensure regular servicing and maintenance of the MIS system is undertaken to ensure operational efficiency


- Analysis of finance plans, MIS and performance and provide insights and analysis, and collaboratively develop reasoning to support key decisions and targets


- Ensure adequate support is provided to the audit team, whenever needed


- Drive a culture of continuous improvement and undertake continuous improvement projects

Internal & External Relationship

Function / Agency

Purpose of Interaction

Frequency

IT- Liaise with IT to resolve any technology related issues affecting working of MIS & Reporting function


- Work closely with IT to ensure continuous system improvements towards increasing efficiency of processing
As per defined cadence & Ad hoc requirements


Business, Finance- Manage relationships with multiple internal and external stakeholders with the objective of meeting delivery as


per the agreed parameters and solving business problems

- To drive change management for process improvement opportunities
As per defined cadence & Ad hoc requirements


Auditors Ensure appropriate responses are made to audit observations and corrective and preventive actions are taken As per Audit calendar

Job specification

Experience

6-8 years of experience in managing Financial MIS & Reporting function, preferably in the manufacturing / chemical industry

Qualification

Master's degree in Finance, Accounting or a related field

Certifications/Trainings

Competencies

Behavioural

- Proven team & stakeholder management and leadership skills


- Excellent communication skills - written and verbal

- Comfortable working in a high-pressure environment and managing competing deadlines


- Demonstrate Aarti Values: Care, Integrity & Excellence

Functional

- Clear understanding of financial accounting and compliance


- In depth knowledge of cost analysis, budgeting, forecasting and variance reporting


- Proficient in SAP / MS Excel / Analytics tool / BI Visualization tool


- Expert knowledge of SAP