Senior Financial Planning Analyst

Job Title : IT Financial Planning & Analysis (FP&A) professional

Location State : Karnataka

Location City : Bengaluru

Experience Required : 6 to 9 Year(s)

Shift: Evening Shift

Work Mode: Onsite

Position Type: C2H

Openings: 2

Company Name: VARITE INDIA PRIVATE LIMITED

About The Client: A global IT services and consulting company multinational information technology (IT), headquartered in Tokyo, Japan. The Client offers a wide array of IT services, including application development, infrastructure management, and business process outsourcing. Their consulting services span business and technology, while their digital solutions focus on transformation and user experience design. It excels in data and intelligence services, emphasizing analytics, AI, and machine learning. Additionally, their cybersecurity, cloud, and application services round out a comprehensive portfolio designed to meet the diverse needs of businesses worldwide.

Essential Job Functions:

• Experience supporting financial planning and analysis for a large IT organization, including consolidation across multiple OBS units

• Strong understanding of US GAAP and application within IT financial operations

• Deep knowledge of IT cost structures including Capital, Operating Expense, 1X expense, prepaids, depreciation, and amortization

• Ability to interpret financial results, identify key drivers of budget and forecast spend, and translate insights into actionable guidance

• Provide financial guidance to Portfolio Leads to ensure alignment with financial policies and accurate forecasting inputs

• Ensure accuracy and integrity of financial data submissions from Portfolio Leads

• Manage and support the consolidation of the annual capital, expense, and 1X expense budgets across all OBS units within IT

• Govern budget process, templates, and timelines including demand intake, unrationalized and rationalized budgets, and revisions

• Create, maintain, and manage standardized budget templates and ensure consistent use across teams

• Collaborate with Portfolio Leads and act as liaison with L2 leadership to meet budget deadlines and targets

• Review interdependencies across IT functions to ensure alignment and full budget coverage

• Analyze cost savings opportunities, and evaluate incremental, fixed, and variable cost drivers

• Identify and explain key drivers of year-over-year budget changes

• Own budget consolidation, validation, and accuracy of all submitted inputs

• Develop and prepare budget decks and supporting materials for leadership review

• Ensure all OBS budget content is organized and documented for audit and leadership visibility

• Support ongoing strategic planning and multi-year budget development

• Manage all categories of spend (Capital, Operating, 1XOpEx) across assigned OBS areas

• Lead monthly forecast consolidation and reporting in alignment with Corporate Finance timelines

• Conduct monthly forecasting with variance analysis to budget and prior forecast (month-over-month)

• Consolidate and submit IT EAC for quarterly forecast cycles

• Validate accuracy and completeness of forecast inputs from Portfolio Leads

• Identify risks and opportunities, including proactive identification of underspend and reallocation of funds

• Leverage centralized financial tools and dashboards for forecasting, tracking, and reporting

• Drive process efficiency and continuous improvement in financial governance and forecasting processes

Qualifications:

• 6+ Years of experience in IT Financial planning and Analysis.

• Strong understanding of US GAAP and application within IT financial operations

How to Apply: Interested candidates are invited to submit their resume using the apply online button on this job post.

About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.

Equal Opportunity Employer: VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

Unlock Rewards: Refer Candidates and Earn.

If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.

Exp Req - Referral Bonus

0 - 2 Yrs. - INR 5,000

2 - 6 Yrs. - INR 7,500

6 + Yrs. - INR 10,000