- Develop and manage the annual IT budget in collaboration with key stakeholders.
- Monitor budgetary performance, analyse variances, and provide regular reports to leadership.
- Work with department heads to align IT spending with organizational goals and objectives.
- Implement cost control measures to optimize IT expenses without compromising service quality.
- Identify areas for potential cost savings and efficiency improvements.
- Conduct regular reviews of expenses and provide recommendations for cost reduction.
- Oversee the end-to-end invoice payment process for IT-related expenditures.
- Collaborate with vendors and procurement teams to ensure accurate and timely invoicing.
- Verify invoices for accuracy, completeness, and adherence to contractual terms.
- Work closely with IT and finance teams to develop long-term financial plans and forecasts.
- Provide input on financial implications of IT initiatives and projects.
- Support strategic planning by evaluating financial feasibility and risks.
- Prepare and present financial reports to leadership, summarizing budgetary performance and trends.
- Collaborate with finance teams to ensure accurate and transparent financial reporting.
- Respond to inquiries and provide insights into IT financial performance.
- Maintain strong relationships with vendors to ensure smooth invoice processing.
- Evaluate vendor performance and adherence to contractual agreements.
- Proven experience in IT financial management and budget oversight.
- Strong analytical and financial modelling skills.
- Knowledge of accounting principles and financial reporting.
- Good communication and negotiation skills.
- Proficient in financial management tools and software.
- Detail-oriented with a focus on accuracy and compliance
Senior Executive - Mumbai, India - SUN PHARMA
Description
Job Classification Code
Job Classification Label
Job Title:
Senior Executive-IT Financial Lead
Job Grade (refer to JE)
G11B
Function:
IT
Sub-function:
IT
Manager's Job Label:
DGM
Skip Level Manager's Label:
AVP
Function Head Title:
SVP
Location:
Mumbai
No. of Direct Reports (if any)
Business Unit:
Job Summary
This role is responsible for overseeing and managing the IT budget, financial planning, and expense control within the Information Technology department. This role involves closely monitoring expenditures, ensuring adherence to budgetary constraints, and streamlining the invoice payment process. The individual in this position plays a crucial role in optimizing IT financial performance while maintaining cost-effectiveness.
Areas Of Responsibility
Budget Management:
Expense Control:
Invoice Payment Process:
Financial Planning and Forecasting:
Financial Reporting:
Vendor Management:
Travel Estimate
20%
Job Scope
Internal Interactions (within the organization)
Business and Functions
External Interactions (outside the organization)
Vendors
Geographical Scope
-
Financial Accountability (cost/revenue with exclusive authority)
-
Job Requirements
Educational Qualification
Bachelor's degree in Finance, Accounting, or a related field.
Specific Certification
-
Experience
5 to 7
Skill (Functional & Behavioural):
Disclaimer: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees as assigned to this job. Nothing herein shall preclude the employer from changing these duties from time to time and assigning comparable duties or other duties commensurate with the experience and background of the incumbent(s).