Role summary
The Financial & Business Analyst plays a critical role in evaluating financial data, identifying trends, and delivering actionable insights to support strategic decision-making. Key responsibilities include budgeting, forecasting, variance analysis, and preparing financial reports. The role involves collaborating with cross functional teams to assess financial performance, identify risks, and recommend cost-saving initiatives. The Financial _Business Analyst ensures alignment with organizational goals by providing data-driven recommendations to enhance profitability and efficiency. This position requires strong analytical skills, proficiency in financial modeling, and expertise in tools like Excel and ERP systems.
Key responsibilities
• Analyze financial data to identify trends, variances, and improvement opportunities.
• Prepare detailed reports on financial performance, including profitability, cost control, and ROI analysis.
• Evaluate the financial impact of proposed business decisions or strategies.
• Create financial forecasts and scenarios to support planning.
• Identify variances between forecasts and actual results and recommend corrective actions.
• Conduct market and competitor analysis to support strategic decision-making.
• Collect and analyze large data sets to uncover actionable insights.
• Use data visualization tools to present findings to stakeholders effectively.
• Ensure data accuracy and integrity in reporting.
• Work closely with finance, operations, and sales teams to align goals and strategies.
• Ensure timely and accurate reporting of procurement activities, highlighting areas of concern, opportunities for improvement, and potential risks.
• Analyze the cost of purchasing goods and co-develop cost-saving strategies related to sourcing & purchasing practices, presenting these recommendations for implementation.
• Measure and report on the impact of implemented strategies and recommendations to ensure continuous improvement and alignment with business objectives