Your Role and Responsibilities
The Contract Financial Analyst is part of the Quote to Cash team who is focused on end-to-end workflows of a contract, aligned with our Client Partner Executives (CPEs), Delivery Partner Executives (DPEs) and clients -- from proposal to contract, revenue and signing registration, contract profit optimization, billing and other contract activities.
The analyst is responsible for the analysis of the IBM forecast, budget, quota, actuals, and business dynamics. The analyst is responsible for interacting with the business units and geographies on the forecast, actuals, budget, quota and business metrics. The analyst is responsible for the development of forecast and budget variance analysis and provides business assessments on an on-going basis. The analystdesigns, prepares, and presents detailed analysis of business issues and recommended solutions to management.
The analyst supports contract management activities at the individual client contract level to achieve contract performance targets. He or she ensures compliance with IBM business controls policies, manages risks to the contract's business objectives, and develops a relationship and regular interlock with the Project Executive (s) assigned to their accounts. He or she provides advisory support to Project Executives/Leaders. The analyst collaborates with Quote to Cash functions and manages the contract management processes using standard worldwide systems and tools.
Job Responsibilities: - Support the business team in reviewing transactional contracts for Gross versus Net, Signing and Revenue recognition matters, prior to contract signing with client
- Understand overall contract T&Cs, specifically those terms that have financial relevance, pricing case, termination clauses etc
- Review signed contracts with Signing & Backlog, Accounting for Signing reporting and Revenue recognition upon delivery ;
- Support Fall Plan, Budget and Quota setup ;
- Presenting Financials across many forums, Cadence meetings, Brand Finance and Account team review
- Preparation of Reporting Cadence, Signings (TCV), elemental spend, contract I&E to CFO, Controller, Consolidation
- Financial Forecast, tracking of actual against forecast, build roadmap to Budget for the account
- Work through Roadmap initiatives & risks with contracts CPE and DPE.
- Execute Quarterly Signing and Backlog certification
- Maintaining a strong compliance posture and addressing any audit queries that may arise
- Understand all finance related matters and support in audit requests such as internal audit, PwC and SOX testing.
- Be proactive with process improvement, automation and simplification.
Job Requirements: - Bachelor's Degree in Finance & Accounting
- Understand of Accounting Principles to discuss Revenue Recognition, Cost Matching and Gross versus Net with KL Accountant
- Understand P/L, and basic Consolidation Financial Skill
- Audit experience will be an added advantage
- Fluent in English & Good communication skills in written & oral
- Expert level in Microsoft Office Applications
- Meticulous, Ability to Multi-task, Attention to detail.
- Experienced in project management & responsible and takes ownership of projects tasked
- Good in time management
- Minimum 2 years of experience in MNC, preferably with good knowledge of contract finance, Signing and Backlog and Country/Regional finance & planning exposure
Required Education Bachelor's Degree
Role ( Job Role )
Financial Analyst
Primary job category
Finance
Company (8340) IBM Singapore Pte. Ltd.
Contract type
Regular
Employment Type Full-Time
Is this role a commissionable/sales incentive based position?
No
Travel Required
No Travel
IBM Business Group
F&O
Preferred Education Master's Degree
Being You @ IBM
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.
Required Technical and Professional Expertise
Please refer the job description
Preferred Technical and Professional Experience
Please refer the job desription
Secondary Job Category
Planning/Pricing
Eligibility Requirements Please refer job description
Position Type Early Professional
Early Professional Track
Industry Early Professional
Introduction Known as the 'knowledge behind the numbers', Financial Analysts are considered to be trusted business advisors, working within IBM's business units and geographies, as well as in a myriad of specialized corporate functions. IBM's finance organization is instrumental in driving innovative improvements to global financial processes while providing measurable value to the business.
Your Life @ IBM
What matters to you when you're looking for your next career challenge?
Maybe you want to get involved in work that really changes the world? What about somewhere with incredible and diverse career and development opportunities - where you can truly discover your passion? Are you looking for a culture of openness, collaboration and trust - where everyone has a voice? What about all of these? If so, then IBM could be your next career challenge. Join us, not to do something better, but to attempt things you never thought possible.
Impact. Inclusion. Infinite Experiences. Do your best work ever.
About Business Unit
The IBM Finance organization is responsible for driving enterprise performance and transformation. We are the financial stewards of IBM, delivering IBM's financial strategy, developing new business models, and mitigating enterprise risk. Do you have a passion for creating business value? Join our team in accounting, financial planning, pricing, business controls, tax, treasury, business development (acquisitions & divestitures), and global financing.
About IBM
IBM's greatest invention is the IBMer. We believe that progress is made through progressive thinking, progressive leadership, progressive policy and progressive action. IBMers believe that the application of intelligence, reason and science can improve business, society and the human condition. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 380,000 IBMers serving clients in 170 countries.
