Sr. Analyst - Financial Operation

Magnit, Inc.; Vadodara; On-site; INR 1,200,000 - 1,300,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Job summary

Magnit is seeking a Sr. Analyst – Financial Operation to partner with Financial Operations, manage AR processes end-to-end, and ensure timely invoicing and accurate financial reporting.

The role involves reconciling data between VMS and PeopleSoft, resolving billing discrepancies, and driving process improvements across finance teams. The ideal candidate will have a Finance-related degree, 4+ years in financial operations, proficiency in PeopleSoft and VMS, and strong analytical, communication,

Qualifications

• Bachelor’s degree in finance, accounting, business administration or a related field.
• 4+ years of experience in financial operations, accounts receivable or similar function.
• Proficiency in ERP systems (PeopleSoft) and Vendor Management Systems (VMS).
• Strong analytical skills with a detail-oriented mindset and problem-solving.
• Excellent communication and stakeholder management abilities.
• Ability to thrive in a fast-paced environment and drive process improvements.

Responsibilities

• Oversee the end‑to‑end accounts receivable process, ensuring accurate and timely invoicing.
• Monitor outstanding invoices and follow up with clients to ensure on-time payments; process incoming payments and apply to accounts.
• Investigate and resolve discrepancies related to payments, invoices or billing errors.
• Reconcile data between VMS and ERP (PeopleSoft) and prepare aging and AR reports.
• Collaborate with cross-functional teams to identify process improvements and ensure KPI delivery.

Skills

Analytical skills

Attention to detail

Communication

Stakeholder management

Process improvement

Education

Bachelor’s degree in finance or related field

Tools

PeopleSoft

Vendor Management Systems (VMS)

Job description

Magnit is a leading workforce management solution provider with 30+ years of experience serving world‑class brands. The integrated IWM platform delivers data, software and services to help organizations manage contingent workforce, talent strategy and broader business goals.

Sr. Analyst – Financial Operation

Responsibilities

• Partner with Financial Operations Analyst of assigned account(s) to ensure all deliverables are provided on time, errors resolved, and financial objectives are met while maintaining quality of work.
• Adjust timesheets in Magnit’s Vendor Management System (VMS) and other VMS, and in Magnit’s ERP system, PeopleSoft, to support the Financial Operations team in generating accurate and quality invoices for the clients.
• Create invoices, generate reports, and perform data entry with a high standard of accuracy and attention to detail for various ad‑hoc and recurring tasks.
• Reconcile data between VMS and ERP (PeopleSoft).
• Coordinate with financial operations team members to action ad‑hoc administrative requests and support tasks as needed.
• Oversee the end‑to‑end accounts receivable process, ensuring accurate and timely invoicing.
• Monitor outstanding invoices and follow up with clients to ensure on‑time payments; process incoming payments and apply them to the correct accounts.
• Investigate and resolve discrepancies related to payments, invoices or billing errors.
• Engage with clients to resolve billing disputes and discrepancies professionally.
• Perform account reconciliations to ensure balances align with client records; prepare aging reports, outstanding payment reports and other AR‑related financial reports.
• Analyze collection trends and provide insights on reducing overdue balances; assist in month‑end and year‑end financial close activities.
• Ensure timely meetings of deadlines for both client and internal department agreements by managing assigned processes.
• Research, troubleshoot and develop solutions for Magnit/client application issues in areas of client deliverables.
• Oversee ongoing research, resolution, product support and exceptional customer service for workers, client services and other team members.
• Work with and mentor Financial Operations Analysts to optimize daily invoice processing and ensure every client interaction is a best‑in‑class experience.
• Collaborate with cross‑functional leaders and teams to identify key processes, requirements, areas for improvement in departmental processes and strategy, and delivery of continuous advancements.
• Independently develop and deliver client process documentation, governance and execution on key performance indicators (KPIs).
• Consistently evaluate regular processes and work with team & management to implement efficiencies to reduce time spent and ensure adequate controls for future growth and sustainability.
• Assess processes and procedural documents to identify ways to enhance efficiency and find improvement opportunities.

Skills and Qualifications

• Bachelor’s degree in finance, accounting, business administration or a related field.
• 4+ years of experience in financial operations, accounts receivable or a related financial function.
• Proficiency in ERP systems (PeopleSoft) and Vendor Management Systems (VMS).
• Strong analytical skills with a detail‑oriented and problem‑solving mindset.
• Excellent communication and stakeholder management abilities.
• Ability to thrive in a fast‑paced environment and drive process improvements.

Benefits

• Competitive PTO and benefits package, including medical, dental and vision coverage.
• Retirement planning.
• Discounts and perks for tickets, travel, merchandise and more.
• Matching employee contributions to favorite charities and support for corporate volunteering hours.

We celebrate diversity and embrace inclusion. As an equal‑opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives and skills. We strive to ensure a positive and enriching work environment for all.