Position Title: Branch Finance

Job Introduction:

Responsible for providing support for all branch level financial activities including - Branch financial and business forecasting, planning and reporting; Branch level internal Financial and Business Reporting; Supervising and coordinating Accounts Reconciliation at a branch level and providing Price Increase support; Day-to-day financial requirements such as Billing & Invoicing, Cash Management, Accounting, Price Increase administration, Compliance & Audit requirements

Core Competencies

• Awareness of Market Environment

• Financial know-how

• Data Management

• Systems understanding 

• Problem Solving

• Analysing & Interpreting

• Simplifying the Complex

• Working collaboratively

Functional Competencies

• Accounting standards/ principles

• Financial Planning

• Financial Reporting

• Knowledge of financial compliances/ statutory requirements

Job Responsibility:

Budgeting and Forecasting 

• Provide strategic planning support by preparing budget/ financial forecasts for the branch

• Prepare annual budget for the Branch and support in Hub budget preparation

• Conduct sales forecasting and analysis

• Prepare profitability estimates and actual result statements on monthly and periodic basis

• Conduct detailed business trends and performance analysis

• Analyse trading results, collections, cost analyses, growth analyses etc.

• Advise Branch head on financial status/ performance of the hub

Financial and Business Reporting

• Analyze budget conformance at a Branch level

• Analyze and monitor sales performance data 

• Analyze profitability data for clients and provide relevant input to sales team

• Advise branch head on financial status/ performance of the branch

• Prepare monthly and periodic MIS statements as required for internal reporting

Billing, Cash, Accounting and Price Increase Support

• Manage the end-to-end billing process for all clients to ensure accurate recording and processing of bills/invoices

• Manage budgeted cash at a branch level and handle all petty cash

• Review reconciliation of hours billed v/s hours paid for all assignments at a branch level

• Share debtor analysis with Branch Managers to support collection of outstanding amounts from clients

• Support in resolving client queries on invoices and billing

• Provide inputs for invoice corrections 

• Manage billing amounts for clients linked to Price Increase

• For retrospective Price Increase cases manage recovery and collection of past dues 

• Monitor expenses on uniform, stationery, telephone and other administrative requirements

• Implement cost control measures to keep overhead costs under control

• Conduct monthly closing of accounts

Taxation, Compliance and Audit

• Ensure tax filing and organise TDS certificates in a timely manner

• Ensure smooth audits and regular interaction with auditors

The Ideal Candidate:

Minimum: Degree/ or Diploma in Financial Management and/ or equivalent

Desired: B.Com/M.Com

• Minimum 5-6 years of experience of overall experience in financial management with 2-3 years of experience in relevant industry or domain 

• Needs to possess good understanding of company and tax laws

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