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Business Finance - BFM

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Wipro

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Kolkata

AI generated summary

  • You should have an MBA/CA (2018-2020), 3-7 years' experience, strong communication skills, and expertise in financial planning, revenue governance, margin governance, and deal pricing.
  • You will manage financial planning, revenue and margin governance, working capital, MIS, stakeholder relations, deal pricing, and support sales with pricing analysis while ensuring effective communication.

Requirements

  • * Co-own the financial plan of the business unit along with the business head.
  • * Revenue governance (including client interactions for deal closures and contracting; forecasting, revenue recognition)
  • * Margin Governance (including cost take out initiatives, systemic and sustainable cost reduction analysis);
  • * Working capital governance (including unbilled reduction, timely invoicing and collection, improving debt ageing and PDD);
  • * MIS for the business unit including sales performance tracking, incentives and other analytics
  • * People management - internal stakeholder management
  • * Critical attributes to success would be strong communication, cadence and resilience.
  • * Commercial Structuring and Deal pricing for multiple lines of business
  • * Proactively driving pricing and commercials
  • * Help sales team with proper pricing analysis
  • * Preferrably MBA / CA (batch 2018 - 2020)
  • * Working experience of atleast 3 - 7 years

Responsibilities

  • Co-own the financial plan of the business unit along with the business head.
  • Revenue governance (including client interactions for deal closures and contracting; forecasting, revenue recognition)
  • Margin Governance (including cost take out initiatives, systemic and sustainable cost reduction analysis);
  • Working capital governance (including unbilled reduction, timely invoicing and collection, improving debt ageing and PDD);
  • MIS for the business unit including sales performance tracking, incentives and other analytics
  • People management - internal stakeholder management
  • Critical attributes to success would be strong communication, cadence and resilience.
  • Commercial Structuring and Deal pricing for multiple lines of business
  • Proactively driving pricing and commercials
  • Help sales team with proper pricing analysis

FAQs

What does the role of Business Finance - BFM entail?

The role involves leading cross-functional teams to develop finance strategies that align with company goals, managing financial objectives, influencing senior leaders, and optimizing costs and supplier relations.

What are the key responsibilities of this position?

Key responsibilities include co-owning the financial plan, revenue governance, margin governance, working capital governance, providing MIS, internal stakeholder management, commercial structuring, and assisting the sales team with pricing analysis.

What qualifications are preferred for this role?

The preferred qualifications are an MBA or CA, specifically from the batch of 2018 to 2020.

How many years of experience is required for the Business Finance - BFM position?

A minimum of 3 to 7 years of working experience is required for this position.

What attributes are critical for success in this role?

Strong communication, cadence, resilience, and the ability to proactively drive pricing and commercials are critical for success in this role.

Will I be required to interact with clients in this role?

Yes, the role involves client interactions primarily for deal closures and contracting as part of revenue governance.

What type of educational background is preferred for candidates applying for this position?

Candidates with an MBA or CA qualification are preferred for this position.

Is people management a part of the responsibilities in this role?

Yes, managing internal stakeholder relationships is an important responsibility of the role.

What is the focus of the financial governance responsibilities?

The focus will be on revenue governance, margin governance, and working capital governance, including initiatives for cost reduction and improving cash flow metrics.

Are pricing strategies involved in this position?

Yes, the role involves commercial structuring and deal pricing, as well as helping the sales team with proper pricing analysis.

Technology
Industry
10,001+
Employees
1945
Founded Year

Mission & Purpose

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. Wipro is an Equal Employment Opportunity employer and makes all employment and employment-related decisions without regard to a person's race, sex, national origin, ancestry, disability, sexual orientation, or any other status protected by applicable law.