Manager, Financial Operations
- Magnit
- 6 - 10 years
- Vadodara
- 2 months ago
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Job Description
Who We AreMagnit is the future of work
Serving hundreds of the worlds most recognizable brands for the past 30+ years, Magnit offers the industrys first holistic platform for the modern workforce
Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clientssuccess
It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organizations contingent workforce management, talent strategy and broader organization goals
At Magnit, youll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe
Magnit is looking for several Financial Operations Managers located onsite in our Vadodara, Gujarat India office
About The Role:
As the Financial Operations Manager, you will be responsible for leading and overseeing the financial operations team, ensuring the timely and accurate delivery of all financial services
Your role will involve managing end-to-end processes related to invoicing, accounts receivable, and reconciliations while continuously driving improvements in operational efficiency and client satisfaction
You will mentor, guide, and develop a team of analysts to deliver high-quality financial solutions and support business goals effectively
What You Will Do
Team Leadership & Collaboration:
Lead and manage the Financial Operations team, ensuring they meet performance goals, maintain quality standards, and support the timely completion of all deliverables
Partner with cross-functional teams, including finance, client services, and operations, to address and resolve issues, ensuring operational objectives are consistently met
Serve as the key point of contact for team members, providing guidance and support for their daily tasks and professional development
Strategic Oversight of Financial Operations:
Oversee the end-to-end accounts receivable process, ensuring the team processes invoices accurately and efficiently while adhering to client agreements and internal policies
Monitor outstanding invoices, proactively follow up with clients, and ensure the timely collection of payments
Manage the reconciliation process between VMS and ERP systems (PeopleSoft), ensuring data integrity and resolving discrepancies as they arise
Lead the preparation of financial reports, including aging reports and outstanding payment reports, and present findings to senior management
Process Improvement & Operational Efficiency:
Drive the continuous improvement of financial operations by identifying opportunities to streamline processes, reduce manual effort, and enhance accuracy
Collaborate with senior leaders to develop and implement strategies that improve operational efficiency, optimize workflows, and support future business growth
Evaluate existing procedures and implement best practices to ensure robust financial controls, scalability, and long-term sustainability
Client Relationship Management:
Act as a liaison with clients to address billing inquiries, resolve discrepancies, and manage disputes, ensuring a positive client experience
Develop and maintain strong relationships with key stakeholders, working proactively to prevent issues and ensuring client satisfaction
Oversee the development and delivery of clear, concise process documentation and governance standards for clients, ensuring compliance with KPIs and service level agreements
Financial Reporting & Analysis:
Lead the preparation of monthly, quarterly, and year-end financial reports, including detailed analysis of accounts receivable, collection trends, and overdue balances
Provide insights to leadership on ways to improve cash flow, reduce overdue balances, and enhance the efficiency of collection processes
Oversee month-end and year-end closing activities, ensuring accurate and timely reporting in accordance with accounting standards
Cross-Functional Collaboration & Mentorship:
Mentor and develop Financial Operations Analysts, ensuring their professional growth while optimizing their performance and daily processes
Foster a collaborative environment where team members can share knowledge, identify challenges, and work together to solve complex issues
Collaborate with internal stakeholders to support key initiatives, identifying process inefficiencies, and working to develop and implement solutions
Client Deliverables & Troubleshooting:
Oversee and guide the team in troubleshooting and resolving client application issues, ensuring that Magnit and client applications are aligned and deliverables are met
Ensure excellent customer service and prompt issue resolution for internal teams and external clients, maintaining a high level of client satisfaction
Governance & Compliance:
Take ownership of developing and managing client-facing process documentation, ensuring it is aligned with company governance policies and performance metrics
Regularly assess and update procedures and documentation to reflect changes in business requirements, ensuring compliance with both internal and external regulations
Lead efforts to track and report on Key Performance Indicators (KPIs), working with leadership to ensure the team meets or exceeds performance goals
What You Will Need:
Bachelors degree in Finance, Accounting, or related field
MBA or relevant certification preferred
Proven experience in financial operations, with at least 8+ years in an analytical or management role, preferably within a fast-paced, service-oriented environment
In-depth knowledge of Vendor Management Systems (VMS), ERP systems (PeopleSoft), and advanced Excel
Strong leadership and team management skills with the ability to guide and motivate staff to meet operational and client service objectives
Excellent analytical, organizational, and problem-solving abilities, with a keen eye for detail
Strong communication and interpersonal skills, with the ability to interact effectively with clients, cross-functional teams, and senior management
Ability to drive process improvements and implement strategic initiatives that align with business goals
Key Competencies:
Leadership & Team Management
Financial Analysis & Reporting
Process Optimization & Efficiency
Client Relationship Management
Cross-Functional Collaboration
Billing & Reconciliation Expertise
Problem-Solving & Troubleshooting
Governance & Compliance Management
Strategic Thinking & Process Innovation
What Magnit Will Offer You
At Magnit, youll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world
You will work with passionate colleagues who collaborate and deliver
Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!
Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!
If this role isnt for you
Stay in touch, we will let you know when we have new positions on the team
To see a complete list of our open career opportunities please visit
https://magnitglobal com/us/en/company/careers
html
To do our best work we need different viewpoints
Therefore, we celebrate diversity and embrace inclusion
As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills
We strive to ensure that we maintain a positive and enriching work environment for all
By applying to this role, you consent to Magnit safely storing and managing your personal data
Please read this link to learn more
https://magnitglobal com/us/en/privacy-notice
html
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Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: TreasuryRole: Treasury Operations ManagerEmployement Type: Full timeContact Details:
Company: MagnitLocation(s): Vadodara+ View Contact
Keyskills: vendor management erp systems team management advanced excel leadership management systems communication skills
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