Financial Analyst

About the job

JOB OVERVIEW: The candidate will support the organization's financial planning, reporting, analysis, and accounting-related activities. This position involves monthly MIS preparation, variance analysis, budgeting, forecasting, preparation of short-term and long-term business plans, reimbursement processing, and coordination with cross-functional teams. The candidate must possess strong financial acumen, analytical skills, and working knowledge of accounting processes. KEY RESPONSIBILITIES: 1. Monthly MIS, P&L and Balance Sheet Reporting - Prepare monthly MIS P&L statements, Balance Sheet, and financial summaries with accuracy and timeliness. - Ensure MIS data aligns with accounting records and identify deviations. - Support month-end closing activities including accruals, provisions, JVs etc. 2. Category-wise Variance Analysis - Conduct detailed category-wise and other cost-head variance analysis (actuals vs. LY / Plan / Outlook etc.) - Identify key variance drivers and provide actionable insights to the management. 3. Management and Corporate Reporting - Prepare management reports including the monthly and quarterly Business Performance Report and Business Dashboards containing key business information. - Prepare and circulate monthly MIS reports to Corporate as per timelines. - Develop executive summaries and presentations for leadership review. 4. Business Plans (Short-Term & Long-Term) and Budgeting & Forecasting - Assist in preparing short-term and long-term strategic business plans. - Prepare quarterly budgets and financial outlooks. - Monitor performance against budget and highlight variances. 5. Other Ad-hoc MIS and Corporate Reporting - Prepare and deliver other ad-hoc MIS reports as requested by top management or corporate finance teams. 6. Coordination & Stakeholder Management - Collaborate with process owners, operational teams for data requirement, validations and clarifications. - Support statutory and internal audits on a need basis. 7. Automations - Identify potential areas for automation in MIS area. - Carry out identified automation projects. 8. Employee Reimbursements - Process and verify employee reimbursement claims in accordance with company policies. - Coordinate with HR and employees to ensure timely and accurate payouts. 9. Accounting Knowledge & Cross-Functional Understanding - Possess strong understanding of accounting entries and processes. - Basic knowledge of: - Payment processing - GST - TDS - Vendor negotiations - Costing and cost analysis - Capital budgeting and investment evaluation QUALIFICATION - Professional qualifications such as CA-Inter or CMA. ESSENTIAL REQUIREMENT - Working knowledge of SAP (mandatory). - Strong hands-on experience in MS Excel and MS Word (MS PowerPoint is an added advantage). - Prior FP&A or business finance experience preferred. - Strong accounting knowledge and attention to detail. - Excellent communication and presentation skills.

Requirements

• Financial Analysis
• Accounting Processes
• MS Excel
• SAP
• Communication Skills

Qualifications

• CA-Inter
• CMA

Preferred Technologies

• Financial Analysis
• Accounting Processes
• MS Excel
• SAP
• Communication Skills

About the company

ITC Limited is a diversified conglomerate with a presence in various sectors. It is known for its commitment to sustainability and innovation across its business operations.