Finance PMO

Job Description: Finance PMO Analyst – Budgeting & Forecasting

Job Title: Finance PMO Analyst / Senior Finance PMO Analyst

Domain: Banking / BFSI / IT Project Management

Experience: 5–8 years (suggested)

Employment Type: Full-time

Location: Pune

Role Overview

We are looking for an experienced Finance PMO Analyst with strong expertise in Financial Planning & Analysis (FP&A), budgeting, forecasting, project financial management, cost tracking, and financial reporting. The candidate will support project and portfolio financial governance, monitor budget performance, perform variance analysis, manage resource and headcount forecasts, and provide accurate financial insights to support business decisions.

The ideal candidate should have advanced Excel skills, strong analytical capabilities, and experience working with project managers, finance teams, procurement, vendors, and senior stakeholders in a complex enterprise or banking environment.

Key Responsibilities

1. Financial Planning, Budgeting & Forecasting

• Prepare, maintain, and monitor project budgets, financial plans, and periodic forecasts.
• Perform monthly, quarterly, and annual budgeting and forecasting activities.
• Track actual expenditure against approved budgets and forecast costs.
• Identify financial risks, cost overruns, and opportunities for cost optimization.
• Support financial planning and analysis (FP&A) for projects and portfolios.

2. Project Financial Management

• Monitor project financial performance, including actual costs, committed costs, accruals, and forecast expenditure.
• Conduct budget-versus-actual analysis and investigate financial variances.
• Prepare financial summaries, management reports, and project performance dashboards.
• Track project funding, financial commitments, and portfolio-level expenditure.
• Support financial governance, controls, and audit requirements.

3. Resource & Headcount Forecasting

• Prepare resource demand forecasts and headcount plans based on project requirements.
• Track planned versus actual resource utilization and associated costs.
• Forecast contractor, permanent employee, and vendor resource expenses.
• Monitor resource onboarding, offboarding, extensions, and changes in project demand.
• Reconcile resource forecasts with project plans, timesheets, and financial data.

4. Financial Reporting & Data Analysis

• Develop periodic financial reports, dashboards, and management presentations.
• Perform variance analysis and provide explanations for budget deviations.
• Consolidate financial data across multiple projects and business units.
• Use advanced Excel functions, PivotTables, XLOOKUP, SUMIFS, and other analytical tools.
• Ensure accuracy, consistency, and timeliness of financial information.

5. Purchase Order, Invoice & Vendor Management

• Track purchase orders (POs), invoices, vendor costs, and payment status.
• Coordinate with procurement, accounts payable, finance, and project teams to resolve discrepancies.
• Monitor contractual commitments and ensure alignment between POs, invoices, and project budgets.
• Support accrual calculations and period-end financial reconciliations.

6. Tools & Project Governance

• Use Advanced Excel for financial modelling, analysis, reconciliation, and reporting.
• Work with Power BI for financial dashboards and data visualization.
• Utilize Clarity PPM for project financial planning and portfolio tracking, where applicable.
• Use Jira, Confluence, and MS Project for project tracking, governance, and reporting.
• Support Agile and Waterfall project governance processes.
• Maintain financial documentation, audit trails, risk registers, and change records.

7. Stakeholder Management

• Collaborate with project managers, finance controllers, delivery leads, procurement, and vendors.
• Present financial performance, forecasts, and risks to senior stakeholders.
• Support project governance meetings, financial reviews, and portfolio reporting.
• Assess the financial impact of scope changes, resource changes, and project delays.

Mandatory Skills

• Financial Planning & Analysis (FP&A)
• Budgeting and Forecasting
• Project Financial Management
• Cost and Expense Tracking
• Financial Reporting and Variance Analysis
• Resource and Headcount Forecasting
• Portfolio Financial Management
• Financial Governance and Controls
• Advanced Microsoft Excel

Secondary / Preferred Skills

• Power BI and financial dashboard development
• Clarity PPM
• Jira and Confluence
• MS Project and PowerPoint
• Purchase Order and Invoice Tracking
• Vendor and Stakeholder Management
• Risk, Issue, and Change Management
• Project Governance
• Agile and Waterfall methodologies

Required Qualifications

• Bachelor's degree in Finance, Accounting, Commerce, Business Administration, or a related discipline.
• MBA Finance, CA, CMA, or other relevant financial qualifications are desirable.
• 5–8 years of relevant experience in Finance PMO, FP&A, project finance, financial analysis, or budgeting and forecasting.

Preferred Industry Experience

• Banking and Financial Services (BFSI)
• Banking technology and transformation programmes
• Large-scale IT project and portfolio management
• Global delivery, consulting, or technology organizations

Key Competencies

• Strong analytical and numerical skills.
• Excellent attention to detail and financial accuracy.
• Ability to manage multiple projects and deadlines.
• Strong communication and stakeholder management.
• Ability to identify financial risks and recommend corrective actions.
• High standards of confidentiality, governance, and compliance.

Success Measures

• Accuracy and timeliness of financial forecasts.
• Effective budget-versus-actual tracking and variance reporting.
• Reliable resource and headcount forecasting.
• Timely reconciliation of POs, invoices, and project costs.
• Quality of management reporting and financial governance.

Some body should have worked in PMO And taking care of Finance Domain- is mandatory

Hybrid