Assistant Manager-F&C

Voltas; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Voltas is seeking a dedicated FP&A professional in Mumbai to lead budgeting, forecasting, and variance analysis, driving insights for profitability and working capital. The role collaborates with the CFO and cross-functional teams to automate MIS and improve reporting accuracy.

The candidate will consolidate cash flows, support month-end closings, and prepare analyses for audits and board reviews, ensuring rigorous internal controls and process improvements across FP&A.

Qualifications

• Experience in budgeting, forecasting, and management reporting.
• Ability to perform variance analysis and provide actionable insights.
• Strong understanding of KPIs and financial performance drivers.

Responsibilities

• Perform monthly, quarterly, and annual Budget vs Actual variance analysis, identify key business drivers, and provide actionable insights on revenue, costs, profitability, and working capital.
• Support annual budgeting, forecasting, and long-range planning processes in coordination with the CFO and cross-functional business teams.
• Prepare, automate, and maintain MIS reports covering profitability, project performance, working capital, and financial exposure analysis.
• Manage common expense allocation processes and ensure accurate cost distribution across business units and projects.
• Prepare and consolidate project-wise cash flow statements across multiple business units to support treasury management and liquidity planning.
• Consolidation of liquidation plans, and customer/invoice-wise analysis for monitoring collections and working capital performance.
• Prepare financial statement schedules, account reconciliations, and supporting analyses related to receivables, prepaid expenses, accruals, and other balance sheet accounts.
• Support monthly and quarterly financial closing activities, including trial balance review, account regrouping, financial statement validation, and reporting accuracy checks.
• Assist in the preparation of Board Audit Committee, and Management Review presentations, including financial analysis, KPI reporting, and variance commentary.
• Support statutory, internal, and management audits by preparing schedules, reconciliations, analytical reviews, and audit documentation.
• Ensure adherence to internal controls, accounting policies, and financial reporting requirements.
• Drive process automation and reporting improvements through SAP, GL Wand, and other reporting tools to enhance efficiency and reporting accuracy.
• Identify opportunities for process improvement, standardization, and automation across FP&A and reporting functions.

Skills

Budgeting & forecasting

Variance analysis

Financial reporting

KPI analysis

Cross-functional collaboration

Tools

SAP

GL Wand

Job description

Key Responsibilities:

Perform monthly, quarterly, and annual Budget vs Actual variance analysis, identify key business drivers, and provide actionable insights on revenue, costs, profitability, and working capital.

Support annual budgeting, forecasting, and long-range planning processes in coordination with the CFO and cross-functional business teams.

Prepare, automate, and maintain Management Information System (MIS) reports covering profitability, project performance, working capital, and financial exposure analysis.

Manage common expense allocation processes and ensure accurate cost distribution across business units and projects.

Prepare and consolidate project-wise cash flow statements across multiple business units to support treasury management and liquidity planning.

Consolidation of liquidation plans, and customer/invoice-wise analysis for monitoring collections and working capital performance.

Prepare financial statement schedules, account reconciliations, and supporting analyses related to receivables, prepaid expenses, accruals, and other balance sheet accounts.

Support monthly and quarterly financial closing activities, including trial balance review, account regrouping, financial statement validation, and reporting accuracy checks.

Assist in the preparation of Board Audit Committee, and Management Review presentations, including financial analysis, KPI reporting, and variance commentary.

Support statutory, internal, and management audits by preparing schedules, reconciliations, analytical reviews, and audit documentation.

Ensure adherence to internal controls, accounting policies, and financial reporting requirements.

Drive process automation and reporting improvements through SAP, GL Wand, and other reporting tools to enhance efficiency and reporting accuracy.

Identify opportunities for process improvement, standardization, and automation across FP&A and reporting functions.