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Assistant Manager - Finance Fllipkart

Introduction

The role of Assistant Manager - Finance is a critical position at the company that requires strong financial and analytical skills. The key responsibilities encompass month-end accruals, operational coordination, financial reporting, process improvements, and stakeholder management. This position provides oversight into the financial health of operations and supports data-driven decision making.

 Assistant Manager - Finance 

Month-End Accruals

The Assistant Manager is accountable for overseeing and executing the month-end accruals process to guarantee completeness and accuracy of financial data. This involves working closely with regional teams to collect necessary inputs and reconciliations for accrual entries. Strong attention to detail is imperative to ensure minimal accounting errors and deviations. Knowledge of accrual accounting standards and principles is essential.

Operational Coordination

A core duty is liaising between finance and regional operations teams to understand and fulfil their finance requirements. The role necessitates clear communication and seamless collaboration to align operational needs with financial planning and reporting. Bridge gaps in understanding, monitor progress on requests, and ensure optimal finance support for operations.

Financial Reporting and Analysis

The Assistant Manager has to prepare insightful monthly financial reports, dashboards, variance analysis, and other ad-hoc analysis. This includes synthesizing data from multiple sources, identifying key trends and drivers, and presenting findings to senior management. Solid financial modeling skills and analytical thinking is key.
Key Reporting ResponsibilitiesDetails
Monthly P&L StatementsConsolidated and detailed
Financial DashboardsKPIs, metrics, trends
Variance AnalysisActual vs Budget
Working CapitalCash flow, inventory, debtor days

Financial Planning and Control

The role also encompasses core finance functions like budgeting, forecasting, cost control, and policy compliance. Develop annual budgets aligned to business plans, monitor spend vs budget, highlight risks of overrun. Ensure adherence to company finance guidelines and statutory regulations. Evaluate costs and suggest improvement initiatives.

Process Improvements

Identify opportunities to enhance operational efficiency and financial control through process changes, automation, and adoption of technology. Maintain updated documentation of systems and procedures. Keep abreast of best practices in financial management and explore relevant solutions for the company.

Stakeholder Management

Critical aspect is collaborating with cross-functional teams and leadership to enable financial oversight across regions and functions. Respond promptly to internal stakeholder queries and provide guidance on financial matters. Maintain transparency on issues, progress, and timelines. Develop trust and credibility with operating teams.

Conclusion

The Assistant Manager - Finance is a key role that bridges operations and financial planning and control. The ability to liaise, analyze, report and guide teams are essential skills. Attention to accuracy, stakeholder management, and process orientation are key success factors. This role provides vital support for data-backed decision making.

Qualcomm India Private Limited || Finance Analyst, Processor

FAQs

Q: What are the key skills needed for the Assistant Manager Finance role?

A: Strong analytical skills, financial modeling, communication, stakeholder management, process orientation, and attention to detail.

Q: What kind of experience is required for this role?

A: Minimum 3 years in finance roles, specifically in accrual accounting, financial reporting, budgeting, and analysis. Knowledge of retail/FMCG finance is preferred.

Q: What soft skills are most important for success in this role?

A: Excellent communication skills, ability to collaborate with stakeholders, structured approach, problem-solving, and relationship management.

Q: How critical is the ability to use financial software and tools?

A: Very critical. Expertise in Excel, financial databases, BI tools, and accounting software is mandatory.

Q: What are the most challenging aspects of this role?

A: Managing varied stakeholder needs, adhering to tight timelines, complexity of financial data, continuously enhancing processes, and keeping updated on regulations.

Q: What are the growth opportunities from this role?

A: Can progress to Manager - Finance, Finance Controller, Head of Finance or equivalent leadership roles.

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