Job Title: Business Finance Partner
Salary: Rs 9.0 Lakhs to 48.0 Lakhs
Company: Flipkart
Location: Bengaluru
Qualifications: B.Tech/B.E
Experience: 2-5 Years
ABOUT FLIPKART
Flipkart is a prominent e-commerce business enterprise based totally in India, known for its wide range of merchandise across categoriesincludingh electronics, fashion, domestic essentials, and more. Founded in 2007 via Sachin Bansal and Binny Bansal, Flipkart commenced as an online book place and swiftly elevated into one of the USA’s biggest e-commerce structures. In 2018, it changed into received by using Walmart, marking a big milestone in its increase trajectory.
Flipkart’s success is attributed to its consumer-centric approach, competitive pricing, and robust logistics network that guaranteeswell-timedd shipping to clients throughout India. The organization has also ventured into digital bills, streaming services, and grocery shipping to diversify its offerings. With a commitment to innovation and customer pleasure, Flipkart maintains to play a pivotal function in shaping India’s virtual economic system and is identified as a leader in the e-trade sector.
Job Overview
A Business Finance Partner collaborates carefully with commercial enterprise devices to offer strategic monetary insights and aid choice-making strategies. Responsibilities generally include financial planning and analysis, budgeting, forecasting, variance evaluation, and monetary reporting. They play a crucial role in assessing monetary performance, identifying risks and possibilities, and recommending movements to optimize profitability and operational performance. Strong analytical talents, commercial enterprise acumen, and the capacity to talk monetary standards to non-monetary stakeholders are crucial. Business Finance Partners regularly contribute to using boom initiatives, comparing investments, and making sure of alignment between monetary desires and universal commercial enterprise objectives.
Responsibilities of a Business Finance Partner:
- Financial Planning and Analysis (FP&A): They are accountable for budgeting, forecasting, and economic modeling to provide insights into future monetary performance. This entails participating with numerous departments to accumulate facts and assumptions for correct projections.
- Performance Monitoring: They analyze economic consequences against budgets and forecasts, figuring out developments, variances, and possibilities for improvement. This monitoring enables assessing the general monetary health of the organization and making important changes.
- Strategic Decision Support: Business Finance Partners offer economic insights and evaluation to aid strategic tasks and choice-making by senior management. This consists of evaluating funding possibilities, fee-benefit evaluation, and scenario planning.
- Financial Reporting: They oversee the preparation of financial reviews and displays for management, buyers, and different stakeholders. Ensuring accuracy, compliance with regulatory necessities, and transparency is criticalinn this function.
- Partnership with Business Units: They collaborate intently with enterprise unit leaders to understand their economic desires, challenges, and dreams. This partnership enables in alignment of monetary strategies with operational targets and using typical enterprise performance.
- Process Improvement: Continuously improving economic tactics and systems to decorate performance, accuracy, and information integrity is part of their role. This might also involve implementing new financial tools, automation, or streamlining present processes.
- Financial Governance: They make sure compliance with financial policies, internal guidelines, and accounting requirements. This includes retaining proper controls, accomplishing audits, and imparting guarantees on economic integrity. (Business Finance Partner)
- Communication and Collaboration: Effective conversation talents are crucial as Business Finance Partners often present complex financial information to non-financial stakeholders. They should translate economic facts into actionable insights and recommendations.
Qualifications of a Business Finance Partner:
- Educational Background: Typically, a Bachelor’s degree in Finance, Accounting, Economics, or a related area is needed. A Master’s diploma (e.g., MBA) or professional certifications (e.g., CPA, CFA) can be favored or required for senior positions.
- Financial Analysis Skills: Strong analytical skills are vital, such as proficiency in financial modeling, variance analysis, and interpreting economic statements.
- Business Acumen: They should have a deep knowledge of enterprise operations, enterprise dynamics, and marketplace traits to provide significant monetary advice and support strategic decisions. (Business Finance Partner)
- Technical Proficiency: Proficiency in economic software and ERP systems (e.g., SAP, Oracle), in addition to advanced Excel abilities, is often required. Knowledge of statistics visualization equipment (e.g., Tableau, Power BI) can also be beneficial.
- Communication Skills: Excellent verbal and written conversation skills are necessary for successfully imparting economic records, influencing stakeholders, and building collaborative relationships across the employer.
- Problem-Solving Ability: They have to be proactive in figuring out economic issues, studying root reasons, and offering realistic solutions to force commercial enterprises overall performance and efficiency.
- Integrity and Ethics: Given their right of entry to to sensitive economic facts, integrity, ethical behavior, and a dedication to economic transparency and compliance are vital trends.
- Team Leadership and Collaboration: In senior roles, management skills and the capability to lead cross-functional teams, mentor junior personnel, and foster a collaborative running environment are important for fulfillment.
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