Finance Business Partner

What you will do:

Financial Performance Review & Commercial Support to Branch Management

• Perform regular detailed level (Sales & Aftersales) Financial reviews and variance analysis with Branch Management for ensuring that business performance is in line with relevant budgets/Forecasts
• Support Management in establishing and reviewing the KPI trends (Sales & Aftersales), summarize key findings and suggest improvement plans.
• Regularly monitor and control indirect costs (Facility Maintenance, MPC including casual labors, Distribution cost, utilities, data processing, stationery, cafeteria etc.) review actual cost incurred and correct wrong posting if any.
• Ensure various cross charges and allocations are correctly charged and posted in respective period before book close. 
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Financial Reporting & MIS

• Prepare reports/analysis for monthly detailed reviews to be held with Director, BUFM and Other Management including reports for Margin and expense analysis at various angles.
• Prepare various other regular daily/weekly/monthly/yearly) and ad hoc reports for management.
• Review balance sheet GLs and identify the misstatements in balance sheet GL and take lead in coordinating with different stakeholders to clear these misstatements.
• Assist in month end close process make sure necessary entries related to provisions, accruals, prepayments etc. are made in the books.
• Take lead and drive the budget activity within the management function.
• Supporting FM and Director with Preparation of site wise Annual Budgets, Monthly/Quarterly Forecasts.
• Consolidate and validate the budget/ forecast submission from the respective business and arrange the review with business management.
• Upload the budget / forecast in SAP as per schedule
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Sales Accounting and Cash Control

• Oversee via the Branch Accountants and Accounts Assistants to ensure all documentation is complete as per company procedures for all Finance / Cash / Credit / Inter and Intra company deals for Sales & Aftersales.
• Reviewing all petty cash payments, test checking daily collections and deposits to ensure compliance.
• Ensure through branch Finance team the release of VCC, Sale letter & Gate passes (Sales & Aftersales) are in line with company procedures.
• Validation through test checks of Sales document pack /LPO and credit approval or clear funds/ registration copy and delivery to ensure process compliance.
• Ensure that refunds are processed by branch within the sub-delegated authority with proper documentation and those beyond Branch authority are processed through Central Finance (FSSC).
• Check and validate all agreed check list before confirming passport release of branch staff.
• Liaise with Central Finance (FSSC) and other departments to ensure that all intercompany transactions, upsell recoveries, Pricing differences etc are regularly reconciled and kept on track

Credit Control & AR Collections

• Review with Sales team (sales & aftersales) on overdue and collection on regular basis and provide status report to Branch Management and BUFM
• Facilitate through Branch Finance team, timely submission of Finance deal packs and provide support and follow up with AFF for early collection of bank debts.
• Any deviation or pending cases for clearing to be highlighted to management for escalation.
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