Finance Business Partner

Madhees Techno Consulting Pvt. Ltd
  • Hyderabad
  • 15-30 lakh
  • 10-18 years
  • Views
  • 13 Oct 2016

  • Finance/ Accounts

  • BPO/ ITES/ Call Centers
Job Description

Business partner
Activities that drive best possible commercial and financial outcomes in terms of growth in revenue and margin
Activities require close understanding of the business and ability to influence senior business stakeholders
Commercial Finance
OpCo focused providing insight and analysis
Facilitates planning, budgeting and forecasting at the OpCo level

Responsibilities

PTP

Approval of POs if greater than a certain threshold
Approval of exceptions to policy where has a commercial impact (e.g. non-approved supplier/ payment terms)

OTC

Optimise job revenue and net working capital
Review and approve recovery rates and changes to rate cards
Escalate chasing of POs if required (if transaction processing outsourced)
Dispute management (if commercially related)
Sign-off on proposed changes to rate cards and agree changes with business

General Accounting

Provide input into judgemental accruals
Capex decision making (preparation and approval)
Validate job related data, where mandated by the revenue recognition process

Client Accounting

Approval of write-offs and job budget adjustments if over certain threshold
Approve DSA input related to any significant revenue recognition variances between forecast and actuals
Receive output of Client Accounting/ Transaction processing revenue recognition to understand what commercial interventions need to be made (including rev rec, cost accruals, aged accrued/ deferred revenue)
Agree job closures (if required by the process)
Analyse & review timing & budgets & accrued revenue of biggest jobs with CS (this includes reviewing accuracy of input data where required)
Oversee implementation of job timing & budget changes into Maconomy
Initiate month-end special bookings (e.g. Revenue shares, costs mark-ups)

Reporting

Provide input into P&L and B/S and determine interventions required:

Revenue recognition, Non-standard cost accruals, Aged accrued revenue, Aged deferred revenue and Aged debt

Provide supporting documentation / evidence for all adjustments
Review and sign off that actuals
Input into commercial commentary if needed
The level at which the Finance Business Partner is signing off the numbers at (e.g. BFC pack level or country level i.e. multiple packs) depends on the country / region supported

Decision Support

Assess customer, product, and job performance
Evaluate new products/services
Monitor performance of new strategies
Analysis to support investment decisions
Optimise resource allocation/ utilisation
Manage continuous cost improvement
Work with business to drive improvements in profitability
Review and approve earn out calculations

FP&A

Support OpCo / BU decision makers in setting strategies, targets and account plans
Sign off budgets and forecasts
Manage business approval of budgets/ plans and asset acquisitions
Actively manage business against budget and define interventions to improve in-year performance
Top down budgeting

Cash & Treasury management

Understand hedging requirements at contract stage (where material/ significant)
Engage with OpCo management to ensure robustness of end to end process and controls and sign off

Ad-hoc

Provide justification and ROI arguments for new hires
Review and submit new hire / severance templates
Complete move related property related analysis
Review gift registries
Review and approve monthly forecast of Revenue and Net Sales


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