Job Title: Finance Associate
Department: Finance & Accounting
Reports To: Finance Manager
Location: Bangalore
Employment Type: Full-time
Position Overview:
The Finance Associate will be responsible for overseeing all financial operations, driving strategic financial planning and analysis , project cost management, ensuring compliance with accounting standards, and supporting business growth through data-driven insights. digital solutions and project-based revenue models common in the IT sector .This role requires strong leadership, analytical ability and business acumen to manage budgeting, forecasting and reporting processes effectively.
Key Responsibilities:
- Lead and manage finance , accounting activities and payroll, ensuring accurate and timely financial reporting.
- Lead financial planning, budgeting, and forecasting for IT business units, including software development, cloud services, and technology projects.
- Manage cash flow, working capital, and OPEX related to R&D, cloud infrastructure, and technology tools.
- Develop, implement, and monitor financial strategies aligned with organizational goals.
- Conduct financial analysis and planning to identify trends, risks, and opportunities for business improvement
- Prepare and analyse monthly, quarterly, annual financial statements.( preparation of provisional and Projected )and Monthly MIS
- Oversee budgeting, forecasting, and variance analysis to support decision-making
- Ensure compliance with statutory laws, tax regulations, and internal policies.( Direct taxation, Indirect taxation)
- Experience in handling SEZ compliance and filing , Import & Export filing under Customs
- Manage cash flow, working capital, and investment activities to optimize financial performance.
- Partner with cross-functional teams to provide financial insights and recommendations.(Technical, Non Technical(Management, CS, Operational, HR )
- Lead annual audits and liaise with external auditors and regulatory authorities.
- Implement internal controls to safeguard company assets and enhance operational efficiency.
Qualifications & Requirements:
- Bachelor's degree in finance, Accounting, Commerce, or a related field (CA/CPA preferred).
- Fresher (CA) or M.Com with 3 years in finance or accounting role who can work in the start up or service Sector (IT and Manufacture)
- Strong knowledge of accounting principles (IndAS/GAAP), taxation and compliance.
- Proven ability to manage budgets, financial reporting, and forecasting processes.
- Knowledge in financial software (e.g.,Zoho Books, ERP Software) and advanced Excel skills.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership, communication, and stakeholder management and problem solving Skills abilities.
Key Competencies:
- Strategic Financial Planning and Analysis
- IT Project Costing & Profitability
- Risk Management & Compliance
- Forecasting & Budget Control
- Cash Flow & Cost Control
- Cross-functional Collaboration (IT, Product, Engineering)
- Data-Driven Decision Making
- Process Improvement & Automation
Performance Indicators (KPIs):
- Accuracy and timeliness of financial reports(ARR, MRR)
- Budget variance control
- R&D spending efficiency
- Project profitability and utilization rates
- Customer Acquisition Cost (CAC)
- Gross margin for software and services
- Cash flow management efficiency
- Audit and compliance ratings
- Team productivity and development
