Sr. Analyst - Financial Operation

Colonial Group; Vadodara; On-site; INR 700,000 - 1,000,000; Full time

Job summary

Colonial Group in Vadodara, India seeks a Sr. Analyst - Financial Operation to manage the AR cycle and ensure timely invoicing and client payments.

You will resolve billing issues, drive process improvements, and mentor junior analysts to deliver accurate financial reporting. Ideal candidates have a finance background with 4+ years in financial operations, strong analytical skills, and excellence in stakeholder communication within a fast-paced environment.

Qualifications

• Bachelor’s degree in finance, accounting, business administration, or a related field.
• 4+ years of experience in financial operations, accounts receivable, or related 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.

Responsibilities

• Oversee end-to-end accounts receivable process, ensuring accurate invoicing.
• Monitor outstanding invoices and follow up with clients for on-time payments.
• Investigate discrepancies related to payments, invoices or billing errors.
• Engage with clients to resolve billing disputes professionally.
• Mentor Financial Operations Analysts to optimize daily invoice processing and client interactions.

Skills

Analytical skills

Attention to detail

Communication

Stakeholder management

Process improvement

Mentoring

Cross-functional collaboration

Education

Bachelor's degree in finance

Tools

PeopleSoft

Vendor Management System (VMS)

Job description

Job description

Sr. Analyst - Financial Operation

• Partner with Financial Operations Analyst of assigned account(s) to ensure all deliverablesare provided on time, errors resolved, and financial objectives are met while maintainingquality of work.
• Timesheet adjustments in Magnit’s Vendor Management System (VMS), other VMS andMagnit’s ERP system, PeopleSoft, to provide support to colleagues in the Financial Operations team to help them to provide accurate and quality invoices for the clients.
• Responsible for invoice creation, report generation/ creation, and data entry.
• Maintaining all entries with a high standard of accuracy and attention to detail for various adhoc and recurring data entry tasks.
• Reconcile data between VMS and ERP (PeopleSoft).
• Co-ordinated with various members of the Financial Operations team to action and ad hocadministrative 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. Processincoming 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 agingreports, 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 bymanaging assigned processes.
• Research, troubleshoot, and develop solutions for Magnit/client application issues in theareas of Client deliverables.
• Oversee ongoing research, resolution, product support, and exceptional customer servicefor Workers, Client Services, and other team members.
• Work with and mentor Financial Operations Analysts to optimize daily invoice processing andto ensure every client interaction is a best-in-class experience.
• Collaborate with cross-functional leaders and teams to identify key processes and requirements, areas for improvement in department-wide processes and strategy, and delivery of such 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 implementefficiencies to reduce time spent and ensure adequate controls are in place to support futuregrowth and sustainability.
• Assess processes and procedural documents to identify ways to enhance efficiency and findimprovement 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.