Senior Financial Analyst, Contract Compliance Audit

Discover Dollar Inc; Bengaluru; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A technology firm specializing in financial audits is seeking a Senior Financial Analyst for Contract Compliance Audit in Bengaluru, India. This role involves reviewing vendor contracts to identify financial leakage, validating compliance with financial documents, and translating contract terms into measurable audit tests. The ideal candidate will have 4 to 8+ years of experience in contract review and strong Excel skills for analysis. Join a company that helps clients save significantly by managing contract compliance effectively.

Qualifications

• 4 to 8+ years of experience in reviewing vendor contracts.
• Strong ability to interpret financial terms and create measurable checks.
• Hands-on exposure to Time and Materials, rate cards, and SLAs.

Responsibilities

• Review vendor contracts to identify financial leakage.
• Translate contract terms into audit tests and validation logic.
• Validate compliance using invoices and service records.

Skills

Contract interpretation

Transaction validation

Excel proficiency

Communication skills

Job description

Job Title: Senior Financial Analyst, Contract Compliance Audit

Discover Dollar

Discover Dollar started with the vision to help companies discover value by harnessing internal data. Discover Dollar helps enterprises identify and resolve overpayments and leakages by analyzing a vast amount of data, including unstructured data like emails, contracts using machine learning and AI. Discover Dollar has won many awards, to name some: 1) "Global Most Innovative Solution" by SAP in Orlando, Florida, 2) "Anthah Prerana" Award by Microsoft, TiE Bangalore & Govt of Karnataka, 3) "Top Retail Solution Provider" by CIO Review. The company is mentored by veterans such as ex‑CFO of Google Patrick and Co‑Founder of Infosys Mr. Shibulal. As a Techstars company, Discover Dollar believes in a Give First philosophy and its solutions are adopted by Fortune 500 enterprises, delivering over $1B+ in savings for clients including Target, Metro, Canadian Tire, AB‑Inbev, Lowe's, Advance Auto Parts, Seven Eleven, Neiman Marcus, Saks, Hudson Bay, Carrier, and more.

Role Summary

The Senior Financial Analyst, Contract Compliance Audit will review vendor contracts and related transactions to identify financial leakage and non‑compliance against agreed commercial terms. This role focuses on interpreting contract wording from a commercial and finance standpoint, translating terms into audit checks, validating them using evidence, and supporting recovery through claims, credits, or pricing corrections.

Key Responsibilities

• Contract Review and Commercial Term Interpretation
  • Read and interpret contract clauses from a financial and negotiation standpoint, identify key commercial levers and payable or receivable impacts.
  • Extract measurable terms such as pricing rules, rate cards, discounts, rebates, allowances, credits, penalties, minimum commitments, caps, floors, escalations, indexation, and payment terms.
  • Summarize contracts into a clear “audit ready” terms sheet with definitions, assumptions, and evidence requirements.
• Build Audit Logic and Test Plans
  • Translate contract terms into practical audit tests and validation logic, define what data is needed, what exceptions look like, and how to quantify impact.
  • Create checklists and SOP‑style documentation that can be repeated across vendors and contract types.
  • Define sampling plans when full population testing is not possible, ensuring sampling is defensible and documented.
• Transaction Validation and Evidence Building
  • Validate compliance using invoices, POs, rate cards, SOWs, service records, timesheets, delivery logs, ticketing records, and supporting backup.
  • Recalculate expected charges, compare against actual billing, identify variances, and quantify recoverable value.
  • Maintain strong audit trails, including calculations, supporting files, and a clear explanation of the issue and root cause.
• Findings Development and Recovery Support
  • Prepare claim schedules and evidence summaries for client review and vendor discussion where required.
  • Support discussions with internal stakeholders and vendors to explain findings clearly, address pushback using facts, and drive resolution.
  • Track open items through to closure, including credits, refunds, or adjustments, and ensure learnings are documented.
• Stakeholder Collaboration and Communication
  • Coordinate with the client’s point of contact, buying team, and vendors to obtain the right data, clarify definitions, and confirm assumptions on the financial terms of the contract.
  • Present findings in a structured manner and provide clear recommendations for control improvement.

Key Commercial Areas This Role Should Understand

• Time and Materials, rate cards, markups, overtime and premiums, role based rates, travel and expense rules.
• SLA and performance linked credits, penalties, service level measurement, downtime rules, and exclusions.
• Rebates, volume tiers, growth incentives, retro rebates, accrual logic, and true ups.
• Discounts, allowances, MDF, co‑op funding, price protection, and promotional support.
• Payment terms, early pay discounts, late fees, indexing, escalation clauses, caps, floors, and minimum commitments.

Required Qualifications And Experience

• 4 to 8 plus years of experience reviewing vendor or customer contracts from a commercial and finance standpoint, with strong ability to interpret financial terms and translate them into measurable checks.
• Hands‑on exposure to key commercial constructs such as Time and Materials, rate cards, markups, SLAs and service credits, rebates, discounts, allowances, penalties, price protection, escalation clauses, and payment terms.
• Proven experience validating contract terms against actual transactions, such as invoices, rate cards, SOWs, timesheets, service reports, and supporting documentation, and quantifying financial impact.
• Strong Excel skills for analysis, reconciliation, and building structured audit schedules and trackers.
• Strong communication skills to document findings clearly and discuss them confidently with internal stakeholders and, when needed, vendors.