In addition to this BFMs are responsible for contract negotiation on commercials and all other terms and conditions.
Roles & Responsibilities:
Detailed Job Description:
Responsible for commercial modeling during Deal Generation stage
Highlight financial risks in the solution proposed and working towards mitigating it
Critically evaluate the solution for financial efficiency and work with the team to optimize, should there be an opportunity
Competitors/Industry performance analysis- detailed financial analysis of performance comparison against competitors
Month/ Quarter end accounting closure and managing BU PnL
Responsible for both Revenue – Revenue Recognition & Assurance and Costs side of BU PnL
Responsible for managing complete DSO of assigned customers or BU
Responsible for Month/ Quarter End Financial analytical reporting including PnL analysis and business performance analysis reports for Management
Responsible for Strategic Planning, Budgeting and Forecasting
Negotiating with customer on commercial model and contractual terms & conditions
Tracking operational performance by building reporting framework leveraging analytics team and implementing best practices to ensure profitability
Act as Financial controller to Drive excellence to improve profitability and resource utilization
Continuous improvement of processes and developing/updating relevant policies
Intrinsically motivated Finance professional who is a Chartered Accountant or an MBA (Finance) from only a premier institution and should have worked in IT / ITES Company as part of Corporate Finance team.
He should have excellent analytical skills, proven track record and assertiveness to drive business results.
Source – WIPRO Website