Senior Executive - Financial Planning and Analysis at Vodafone, Ahemdabad

By Anurag - January 06, 2014

Preparatory work for budgeting and forecasting

Receive budgeting/forecasting assumptions/instructions
Clearly interpret the instruction provided by HoF/Corporate finance and how it impacts the circle level budgets
Clearly understand the budgeting/forecasting templates created by the corporate to capture the information
Develop clear understanding the budgeting cycle and budgeting versions (LRP, 5+7, etc used at VEL)
Extract actual data for the post period from the system (SAP)

Develop detailed budgets and forecasts

Interact with various other departments (marketing, commercials, networks), get necessary data from them and prepare detailed budget
Plan for OPEX on cost centre level
Plan for CAPEX at initiatives level
Plan for Gross Margins (P&L / Balance sheet view)
Plan for non-financials
Adhere to budgeting timelines provided in the instructions and provide adequate time for review of budget by the manager
Get the budgets/forecasts reviewed by manager/HoF
Submit the budgets/forecast for review to the corporate team and make necessary adjustments if required
Load the budgets/forecasts into Hyperion/SAP via SSC personnel

Track actuals vs. budgets/forecasts

Receive request for re-planning
Run the exposure reports
Make necessary changes to the budget after interacting with the other departments

Management Reporting

Perform department wise cost analysis on monthly basis and highlight reasons of variation
Submit MIS reports to Corporate
Submit various reports for local management review
Prepare Slides/presentations for Monthly operation reports and Execo reviews

Cost and Profitability Analysis

Perform detailed cost analysis by function to help functional heads to control cost
Determine key cost drivers and prepare channel-wise/plan-wise profitability
Prepare key statistics such as cost per call, cost to serve and benchmark relevant cost data with other circles/competitors to facilitate meaningful comparisons

Decision Support

Adhere to and apply Company-wide Decision Support methodologies
Provide financial view-point to activities performed by other departments and help them in taking sound decisions
Evaluate new products (billing plan, schemes, promotions, etc)
Optimize customer and product mix
Track performance of new customer and product strategies
Create scenario based financial models and analyzing output from strategic viewpoint
Liaise when necessary with corporate DSE team

Business Partnering

Gather and disseminate information regarding the external environment, including competitor analysis
Conduct financial analysis of the industry, competitors and distribution channels
Prepare and review contract and service proposals
Prepare business case and financial case for projects
Prepare business proposals

B&P Master Data maintenance

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