PMO-Financial Analyst

Role - PMO-Financial Analyst

Qualification - MBA Finance

Yrs of exp - 6-10yrs

 

1.    PMO Coordination & Governance:

·       Oversee project management processes and ensure compliance with project governance frameworks.

·       Track and report on the progress of projects, ensuring they align with timelines, budgets, and scope.

·       Support project managers in resource planning, budgeting, and risk management.

·         Monitor project performance, reporting on key performance indicators (KPIs) and deliverables.

2.    Financial Analysis & Budget Management:

·       Develop, manage, and track project budgets and financials across the entire portfolio aligning with organizational financial goals

·       Perform cost-benefit analysis and financial forecasting to help stakeholders make informed decisions.

·       Analyze and report on variances between projected and actual project costs.

·       Ensure that financial resources are allocated efficiently to various projects and initiatives.

·       Monitor the financial performance of the projects/contracts and provide variance analysis.

3.      Cost Optimization

·       Identify cost-saving opportunities across projects without compromising quality.

·       Implement strategies to optimize resource allocation and utilization.

4.      Risk and Financial Control:

·       Assess financial risks associated with projects and develop mitigation plans.

·       Monitor spending and ensure adherence to financial controls, policies, and guidelines.

·       Conduct financial audits or reviews as required.

5.   Reporting & Communication:

·       Generate detailed financial reports and dashboards for stakeholders, highlighting key metrics like ROI, cost variance, and profitability.

·       Provide actionable insights to improve financial efficiency.

·       Collaborate with senior management to support strategic financial planning and portfolio management.

6.      Stakeholder Management:

·       Engage with key stakeholders to understand their financial needs and ensure projects are aligned with organizational financial goals.

·       Collaborate with project managers and finance teams to ensure transparency in financial matters.

·       Facilitate regular updates to stakeholders on financial health and project progress.

7.      Tool & Process Optimization:

·       Utilize project management and financial tools (such as Microsoft Project, SAP, or other PMO/financial software) to streamline financial tracking and reporting.

·       Identify inefficiencies in financial processes and implement improvements.

·       Drive initiatives to enhance financial governance and accountability.