Job Description
Associate, Business Finance
The Associate Business Finance job is responsible for compiling and analyzing the financial results of the organization. Through business analysis, financial record-keeping, modeling and forecasting, this job helps drive the strategic direction of the organization. Under general supervision, this job also provides financial insights that senior management uses to inform business and financial decisions.
Key Responsibilities and Duties
• Conducts forecasts and models of monthly financial results to allow senior team members to identify drivers, explain key variances and inform recommendations to senior management.
• Supports re-forecasting activities and updating/evolving forecast models.
• Assists with updating general ledger journal entry postings during the closing process to help ensure that financial statements are accurate.
• Prepares ad hoc reports that analyze financial results versus budget/forecasts.
• Ensures financial operations are in alignment with the organization's strategic goals and vision.
• Drafts financial reports and presentations to be delivered to management that inform business and financial decisions.
• Seeks guidance from senior Financial Planning & Analysis team members regarding challenges that require more advanced knowledge and experience.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 2+ Years Required; 3+ Years Preferred
Physical Requirements
• Physical Requirements: Sedentary Work
Career Level
6IC
Position Summary: The position supports lines of businesses or/ and corporate support areas or/ and expense line areas. This position provides support to business leaders/ expense line owners and Management Team on management reporting, future focused analytics, predictive modeling capabilities and problem-solving support to help drive our businesses financial planning, budgeting and forecasting requirements; and supports the CFP&A team to achieve accurate allocation of expense alignment to Management Lines and Legal Entities.
Key Duties & Responsibilities:
• Conduct detailed review of financial reports prepared for management and the development of annual budget and strategic plans/ forecasts
• Excellent presentation & story telling skills
• Extensive utilization of Hyperion/ EPBCS for planning & expense reporting
• Month end close checks including accruals and performing reconciliations
• Preparation of management decks & reports
• Conducts trend analysis relating to spending patterns to prepare strategic and tactical recommendations for achieving quarterly/annual performance
• Evaluates existing reports on an ongoing basis and manages the development of new reports in response to changing reporting requirements
• Develop models / tools for early identification of financial trends and drivers for use across business segments
Management/Leadership Responsibility:
Good team player - coordination of activities within the function with responsibility for achieving results. Should take ownership of his responsibility. Should be flexible enough to accommodate additional responsibilities.
Budget Responsibility:
• Manages budgeting, forecasting, analysis and reporting activities for the business/ expense areas.
• Monitors budgets and ensures that they are aligned with business objectives and plans.
• Ensures management has accurate information and intelligence to make informed decisions.
• Leads ongoing development of underlying data management systems and reporting tools.
• Oversees the production of reports analyzing measurements to evaluate the business unit performance.
Impact:
Nature of Impact - Develops, maintains and strengthens relationships with key business partners to enable effective development of budgets, operations and planning, and forecast development. Networks with the area Leadership Team to provide key analysis and data for business decision making. Regularly interacts with executives, peers and business unit managers. Interactions frequently involve special skills such as negotiating with management, attempting to influence senior level leaders regarding matters of importance to the organization or presenting budgets, forecasts or other relevant data. Confers with executives, peers and other managers to discuss business activities relative to process, timing, policies, procedures, and management reports to resolve problems and recommend solutions.
Area of Impact - The position plays a key role supporting the long term growth strategy of our company and ensures we have the proper service that supports this vision. The number of executives the position faces off with requires a distinct skill set. Makes decisions that have medium to high impact to the organization. Erroneous decisions will have a material impact on the overall success of the business unit’s operations, which may result in economic loss.
Problem Solving:
Analytical skills are required to pull business relevant commentary from the financial data.
Must have the ability to problem solve medium to high complex situations to provide relevant financial advice to the business unit.
Able to assess financial risks and opportunities impacting the business.
Functional Knowledge: The position requires a strong foundation of Finance and Accounting coupled with experience supporting a particular business or support function. This knowledge is used in the preparation of budgets and recommendations to executive management as well as identifying and making recommendations to senior management regarding the areas of concern and actions required to meet financial commitments. The technical and business capacity must merge together to manage the what-if scenarios and modeling capabilities used supporting this diverse set of stakeholders.
Business or Industry Expertise: The position requires a strong foundation of general financial services industries. Working knowledge across the business lines and industry are critical when facing off with senior leadership in an advisory capacity and providing the analytics to support decision making. Aligning the vision outlined by our senior leaders, and the strategic direction of decisions to get the enterprise there is fundamental to this position.
Interactions / Interpersonal Skills:
• Manages the preparation of strategic plans for senior management.
• Presents budgets and recommendations to the business unit leadership.
• Identifies and makes recommendations to business unit leadership regarding the areas of concern and actions required to meet financial commitments.
• Develops, maintains and strengthens relationships with key business partners to enable effective development of budgets, operations and product planning, and forecast development.
• Networks with the business unit leadership team to provide key analysis and data for business decision making.
• Regularly interacts with key business partners, peers and business unit leaders. Interactions frequently involve special skills such as negotiating with management, attempting to influence senior level leaders regarding matters of importance to the organization or presenting budgets, forecasts or other relevant data.
#LI-RK1
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Company Overview
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, ****** orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: [email protected]
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.
For Applicants of Nuveen residing in Europe and APAC, please click here.
For Applicants of Greenwood residing in Brazil (English), click here.
For Applicants of Greenwood residing in Brazil (Portuguese), click here.
For Applicants of Westchester residing in Brazil (English), click here.
For Applicants of Westchester residing in Brazil (Portuguese), click here
The Associate Business Finance job is responsible for compiling and analyzing the financial results of the organization. Through business analysis, financial record-keeping, modeling and forecasting, this job helps drive the strategic direction of the organization. Under general supervision, this job also provides financial insights that senior management uses to inform business and financial decisions.
Key Responsibilities and Duties
• Conducts forecasts and models of monthly financial results to allow senior team members to identify drivers, explain key variances and inform recommendations to senior management.
• Supports re-forecasting activities and updating/evolving forecast models.
• Assists with updating general ledger journal entry postings during the closing process to help ensure that financial statements are accurate.
• Prepares ad hoc reports that analyze financial results versus budget/forecasts.
• Ensures financial operations are in alignment with the organization's strategic goals and vision.
• Drafts financial reports and presentations to be delivered to management that inform business and financial decisions.
• Seeks guidance from senior Financial Planning & Analysis team members regarding challenges that require more advanced knowledge and experience.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 2+ Years Required; 3+ Years Preferred
Physical Requirements
• Physical Requirements: Sedentary Work
Career Level
6IC
Position Summary: The position supports lines of businesses or/ and corporate support areas or/ and expense line areas. This position provides support to business leaders/ expense line owners and Management Team on management reporting, future focused analytics, predictive modeling capabilities and problem-solving support to help drive our businesses financial planning, budgeting and forecasting requirements; and supports the CFP&A team to achieve accurate allocation of expense alignment to Management Lines and Legal Entities.
Key Duties & Responsibilities:
• Conduct detailed review of financial reports prepared for management and the development of annual budget and strategic plans/ forecasts
• Excellent presentation & story telling skills
• Extensive utilization of Hyperion/ EPBCS for planning & expense reporting
• Month end close checks including accruals and performing reconciliations
• Preparation of management decks & reports
• Conducts trend analysis relating to spending patterns to prepare strategic and tactical recommendations for achieving quarterly/annual performance
• Evaluates existing reports on an ongoing basis and manages the development of new reports in response to changing reporting requirements
• Develop models / tools for early identification of financial trends and drivers for use across business segments
Management/Leadership Responsibility:
Good team player - coordination of activities within the function with responsibility for achieving results. Should take ownership of his responsibility. Should be flexible enough to accommodate additional responsibilities.
Budget Responsibility:
• Manages budgeting, forecasting, analysis and reporting activities for the business/ expense areas.
• Monitors budgets and ensures that they are aligned with business objectives and plans.
• Ensures management has accurate information and intelligence to make informed decisions.
• Leads ongoing development of underlying data management systems and reporting tools.
• Oversees the production of reports analyzing measurements to evaluate the business unit performance.
Impact:
Nature of Impact - Develops, maintains and strengthens relationships with key business partners to enable effective development of budgets, operations and planning, and forecast development. Networks with the area Leadership Team to provide key analysis and data for business decision making. Regularly interacts with executives, peers and business unit managers. Interactions frequently involve special skills such as negotiating with management, attempting to influence senior level leaders regarding matters of importance to the organization or presenting budgets, forecasts or other relevant data. Confers with executives, peers and other managers to discuss business activities relative to process, timing, policies, procedures, and management reports to resolve problems and recommend solutions.
Area of Impact - The position plays a key role supporting the long term growth strategy of our company and ensures we have the proper service that supports this vision. The number of executives the position faces off with requires a distinct skill set. Makes decisions that have medium to high impact to the organization. Erroneous decisions will have a material impact on the overall success of the business unit’s operations, which may result in economic loss.
Problem Solving:
Analytical skills are required to pull business relevant commentary from the financial data.
Must have the ability to problem solve medium to high complex situations to provide relevant financial advice to the business unit.
Able to assess financial risks and opportunities impacting the business.
Functional Knowledge: The position requires a strong foundation of Finance and Accounting coupled with experience supporting a particular business or support function. This knowledge is used in the preparation of budgets and recommendations to executive management as well as identifying and making recommendations to senior management regarding the areas of concern and actions required to meet financial commitments. The technical and business capacity must merge together to manage the what-if scenarios and modeling capabilities used supporting this diverse set of stakeholders.
Business or Industry Expertise: The position requires a strong foundation of general financial services industries. Working knowledge across the business lines and industry are critical when facing off with senior leadership in an advisory capacity and providing the analytics to support decision making. Aligning the vision outlined by our senior leaders, and the strategic direction of decisions to get the enterprise there is fundamental to this position.
Interactions / Interpersonal Skills:
• Manages the preparation of strategic plans for senior management.
• Presents budgets and recommendations to the business unit leadership.
• Identifies and makes recommendations to business unit leadership regarding the areas of concern and actions required to meet financial commitments.
• Develops, maintains and strengthens relationships with key business partners to enable effective development of budgets, operations and product planning, and forecast development.
• Networks with the business unit leadership team to provide key analysis and data for business decision making.
• Regularly interacts with key business partners, peers and business unit leaders. Interactions frequently involve special skills such as negotiating with management, attempting to influence senior level leaders regarding matters of importance to the organization or presenting budgets, forecasts or other relevant data.
#LI-RK1
_____________________________________________________________________________________________________
Company Overview
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, ****** orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: [email protected]
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.
For Applicants of Nuveen residing in Europe and APAC, please click here.
For Applicants of Greenwood residing in Brazil (English), click here.
For Applicants of Greenwood residing in Brazil (Portuguese), click here.
For Applicants of Westchester residing in Brazil (English), click here.
For Applicants of Westchester residing in Brazil (Portuguese), click here
💡 Quick Summary
Seeking a career-building opportunity? The Associate | Business Finance |BFO position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
