Finance Analyst – Budgeting, Forecasting & MIS

• Coordinate the preparation of annual operating budgets (individual company and for the group), departmental budgets and capital expenditure (CAPEX) plans.
• Work closely with functional heads to develop realistic budgets aligned with business objectives and operational requirements.
• Consolidate departmental budgets and ensure consistency, accuracy and alignment with organisational financial targets.
• Monitor budget utilisation and identify potential cost overruns, savings opportunities and areas for financial optimisation.
• Support the development of financial models, cost assumptions and budget planning scenarios.
• Prepare periodic financial forecasts, including monthly, quarterly and annual projections.
• Develop rolling forecasts based on business performance, operational requirements, project pipelines and market conditions.
• Analyse revenue, expenditure, cash flow and profitability trends to support financial planning.
• Conduct scenario and sensitivity analysis to assess the potential financial impact of business decisions.
• Collaborate with departments to update forecasts based on actual performance and changing business requirements.
• Conduct detailed budget versus actual analysis to identify and explain financial variances.
• Investigate significant deviations in revenue, direct costs, overheads, manpower costs and project expenditure.
• Prepare variance reports highlighting key drivers, financial implications and corrective actions.
• Work with department heads to develop and monitor action plans for addressing adverse variances.
• Identify opportunities for cost optimisation, operational efficiency and improved resource utilisation.
• Monitor key cost drivers, including material consumption, labour productivity, overtime and project-related expenses.
• Prepare and publish periodic financial MIS reports, dashboards and management presentations.
• Develop and maintain financial performance dashboards covering revenue, gross margins, operating expenses, EBITDA, cash flow and budget utilisation.
• Provide timely and accurate financial information to senior management to facilitate informed decision making.
• Analyse financial and operational KPIs and highlight emerging trends, risks and improvement opportunities.
• Standardise and automate MIS reporting processes to improve accuracy, consistency and reporting efficiency.
• Present financial insights in a clear, concise and business-oriented manner.
• Reconciliation on project wise profitability (Actual Vs Budget), reported vs actual financial profitability.
• Partner with functional heads, project teams, procurement, operations and HR to support financial planning and cost management.
• Evaluate the financial viability of business proposals, operational initiatives and capital investments.
• Support profitability analysis, project costing, resource allocation and return on investment assessments.
• Provide analytical support for strategic initiatives, business reviews and management meetings.
• Translate financial data into meaningful insights and practical recommendations for business stakeholders.
• Ensure the accuracy, integrity and consistency of financial data used for budgeting, forecasting and reporting.
• Coordinate with the Finance & Accounts team to reconcile MIS reports with actual financial records.
• Strengthen budgetary controls, reporting procedures and financial monitoring mechanisms.
• Identify opportunities to improve financial planning processes through automation, standardisation and digital tools.
• Maintain appropriate documentation, audit trails and confidentiality of financial information.
• Handle invoicing, group trial balance and group cost management.

Desired Candidate Profile

• Professional qualifications such as CMA, ACCA, CIMA, CPA or an MBA in Finance would be an advantage.
• Experience in a manufacturing, engineering, fabrication, construction or project-based organisation is preferred.
• Experience working with ERP systems and financial reporting tools.
• Strong knowledge of budgeting, forecasting and financial planning.
• Proficiency in financial modelling, variance analysis and cost management.
• Advanced MS Excel skills, including Pivot Tables, lookups, financial formulas and data analysis.
• Proficiency in Power BI or similar data visualisation and reporting tools would be an advantage.
• Working knowledge of ERP systems, SAP and financial reporting platforms.
• Strong understanding of financial statements, management accounting and key financial performance indicators.
• Ability to interpret complex financial data and convert it into actionable business insights.
• Analytical thinking and problem solving.
• Strong attention to detail and numerical accuracy.
• Business acumen and commercial awareness.
• Effective communication and presentation skills.
• Stakeholder management and cross functional collaboration.
• Planning, prioritisation and time management.
• Integrity, confidentiality and accountability.
• Proactive approach to continuous improvement.