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Financial Analyst - 1 at Discover Dollar in Bengaluru, Karnataka
Entry LevelOn-siteBengaluru, Karnataka
Job Description
Role Highlights:
- Position: Financial Analyst – I
- Location: Bangalore
- Work Mode: Work from office
- Experience: Fresher or up to 1 year of relevant experience
- Education: B.Com / BBA / MBA / M.Com
Job Description
As a Financial Analyst I, you will:
- Understand the client's business, procurement processes, financial processes, systems, and data to identify potential areas of financial leakage and recovery.
- Analyze large volumes of financial and transactional data to identify unusual patterns, exceptions, discrepancies, and potential recovery opportunities.
- Apply inquisitive thinking by asking the right questions, challenging assumptions, investigating exceptions, and understanding why a particular transaction or variance occurred.
- Identify and validate opportunities such as duplicate payments, overpayments, missed credits, pricing discrepancies, discounts, rebates, vendor funding, contract compliance issues, and other financial leakages.
- Reconcile vendor statements with client Accounts Payable data to identify missing credits, unprocessed invoices, unapplied balances, and other discrepancies.
- Review agreements, invoices, purchase orders, emails, statements, and other supporting documents to validate findings and identify additional opportunities.
- Connect information across different data sources and supporting documents to identify opportunities that may not be visible from standard reports alone.
- Develop a strong understanding of each client's business and use that understanding to identify new audit opportunities and deliver measurable financial value.
- Use internal audit tools, client systems, Excel, SQL, and other analytical tools to investigate and validate findings.
- Clearly document findings, supporting evidence, calculations, and the rationale behind identified opportunities.
- Work closely with senior analysts and audit managers during new client engagements, data discovery, opportunity identification, and claim validation.
- Contribute ideas for improving audit methods, identifying new opportunities, and strengthening existing audit procedures.
- Participate actively in knowledge sharing sessions and continuously build knowledge across clients, industries, financial processes, and audit areas.
Must have skills
- Strong analytical and problem solving skills, with the ability to interpret financial and transactional data.
- An inquisitive mindset with the willingness to ask questions, investigate unusual transactions, and understand the reason behind a variance or exception.
- Ability to understand a client's business processes and connect business understanding with financial data.
- Good understanding of Accounts Payable, Procure to Pay processes, and basic accounting principles.
- Strong attention to detail while also being able to identify patterns and relationships across large volumes of data.
- Ability to work with unfamiliar data and business processes and learn quickly when working with new clients.
- Ability to communicate findings and explain the rationale behind an identified opportunity clearly.
- Ownership mindset with the ability to independently investigate an issue before reaching a conclusion.
Good to have skills
- Good working knowledge of Microsoft Excel and PowerPoint.
- Basic knowledge of SQL or other data analysis tools.
- Exposure to Accounts Payable, procurement, finance, audit, reconciliation, or financial analysis.
- Understanding of invoices, purchase orders, vendor statements, contracts, payment terms, credits, discounts, and rebates.
- Ability to manage multiple priorities and work within agreed timelines.
Experience
- 0 to 1 years of relevant experience.
- Fresh graduates with strong analytical aptitude, curiosity, and an interest in financial analysis, data analysis, audit, or procurement are encouraged to apply.