Asset Recovery – Job Description – Specialist
Asset Recovery
HP Inc Asset Recovery professionals provide a full range of multidimensional and complex assessments & reviews, consulting, financial advisory, risk management, compliance & tax reviews, process improvements, process reengineering etc. with a view to improve the bottom line of the company.
Inhouse and external process specialists allows the Asset Recovery team to provide best in class services to both our internal and external stakeholders.
Comprehensive Procure to Pay and Order to Cash process knowledge coupled with access to data places us in a unique position, with the ability to map end to end process, provide significant analytical insights, suggest process standardization & automation, and most importantly identify financial leakages within these functions.
Asset Recovery’s purpose is associated with making an impact that matters to the Business - direct bottom-line savings. Our multi-layered analytics approach across our extensive spectrum of services enables us to help our clients improve their processes and become front-runners wherever they choose to compete.
Constant innovation and improvising audit strategies to meet QoQ Financial goals keeps an Asset Recovery professional looking for greenfield projects and new initiatives every Quarter.
We are committed to investing in our people and empowering them to achieve more in a dynamic and intricate business environment.
Roles & Responsibilities
Provides complex, financial analysis for a financial function or a business. Establishes and maintains relationships with business leaders to guide and influence decision-making. Provides analytics to business initiatives, typically representing a sub-function within finance for a particular business. Supports policy and process improvement and identifies opportunities. Identifies issues and proposes solutions. Represents finance on cross- functional teams. Provides mentoring and guidance to analysts.
Functional & Analytics
- Ability to understand multiple processes and simultaneously map potential process gaps. Experience in performing and interpreting trending analysis and developing recovery identification strategies and demonstrate strong problem-solving skills, including creativity and innovative thinking.
- Build analytical or statistical modelling to zero in opportunities to unearth process failures and financial leakages.
- Forecasts, manages, and reports on project financials, planned vs actual project schedule, and resource utilization. Provides weekly status reports to communicate with senior leadership.
- Analyses and assesses problems regarding business claims procedure and business operations based on appropriate accounting and financial manuals.
- Ability to quickly learn Asset Recoveries reporting & analytics requirements including methodology, transactions and closing processes.
- Identify, manage and monitor the risks in finance processes through transformative and agile approach including process and procedures, data modelling and analytics.
- Knowledge of and experience in audit, project controls and/or estimating, accounting techniques are required. Additionally, excellent interpersonal, communication and presentation skills will be an addon
- Provides senior level input/research on recoveries challenged by partners/suppliers.
- Leverage predictive analytics to recommend resources required to achieve financial objectives
- Prefer candidates with database knowledge (dbase or SQL environment) and PowerBI
- Analytical mindset, comfortable with data analysis, metrics tracking, and making data-driven decisions to optimize performance.
- Deploying data analytical methodologies to the complex and intricate financial data to identify anomalies in the process
Business Development
- Innovative problem-solver; proactive diagnosis and resolution of issues, brings creativity, originality and tenacity to problem solving. Uses available technology in ways to increase productivity as well as identify and resolve problems in a timely manner, individually and in team settings. attention to detail and ability to spot trends and deviations.
- Drive a culture of continuous improvement and proactively identify opportunities for process enhancements and cost reduction.
- Build analytical hypothesis catering to specific HP business models and processes.
- Conceptualizing cost reduction initiatives, deploying spend analytics, contract analytics, category profiling and opportunity identification, cost modelling & financial analysis, risk analysis and supplier performance assessment.
- Reviews of contracts, statements, quotes, claims and electronic documents to design recovery methodologies.
- Self-motivated to improve standards and identify opportunities to advance knowledge and skills of self and team. Ability to train, motivate and manage less experienced analysts.
- Develops and executes strategies for process automation, monitoring, and conversion.
- Strong strategic thinking and business acumen, with the ability to align process strategies with overall business goals and recovery objectives.
- Background in understanding and assessing operational processes and internal controls, including identifying breakdown and recovery opportunities and defining practical recommendations for improvement.
- Provides insight and recommendations for greenfield area’s: may work with IT/BU’s and finance to implement process.
- Automation of reports using tools like Business Object, VBA, Python, ML, Chat GPT & SQL to reduce time consumption and increasing accuracy of reports
- Data Visualization in Tableau and create interactive dashboard for the business users
Stakeholder & Program Management (Internal & External Recovery Engagements)
- Program manages new initiatives from identification, building proof of concept, creating business cases, obtaining relevant stakeholder buy-ins, deployment of analytics and managing operations to deliver profitable engagements.
- Lead/participate in complex negotiations with suppliers/partners to recoup identified lost profits.
- Engage with vendors / partners to track and ensure compliance in financial and physical claims.
- Handles correspondence across multiple concepts, accurately interpreting the main issue in vendor/client correspondence and addressing it professionally, in a clear, thorough and concise manner.
- Excellent leadership and communication skills, with the ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels
- Ability to work closely with teams such as Tax, Controllership, Legal, CFR/Corporate Finance, Treasury, Internal Audit etc.
Education and Experience Required:
- Bachelor’s degree or above in finance, accounting, economics, business, management, related disciplines
- Typically, 14+ years of work experience.
- Typically, 10+ years’ experience in an accounting environment and/or Finance Strategies or Financial Service Delivery, Financial Planning & Analysis and/or Finance or Service Operations.
- Professional finance or accounting qualification (MBA,CFE, CMA,etc) would be an added advantage
- Candidates with PMP certification preferred.
- Candidates with experience in Big 4 Audit firms will be an added advantage.
