Financial Planning & Analysis (Iot & Smart Products)

Nothing

Nothing

Accounting & Finance
Gurugram, Haryana, India
Posted on Oct 16, 2024

Who are we?

Here at Nothing, we're building a world where tech is fun again. Remember a time where every new product made you excited? We're bringing that back.

To get there we're gathering the creative and the curious. Those that are passionate enough to question the old and embrace the new. In return, you'll be part of a movement. Contributing to a global ecosystem of products that bring joy to people's lives.

In four years, we’ve sold over 5 million products worldwide including Phone (1), which was listed on Time Magazine's Best Inventions of 2022 for Innovative Smartphone Design. In 2024, we launched our third and fourth smartphones, as well as a new audio lineup, including our debut in Open Sound Technology: Ear (open).

Alongside our core product range, we also have CMF by Nothing. A sub-brand dedicated to making great design more accessible without compromising on quality and innovation.

Everyday at Nothing we share an optimism that we’re making a difference to the world. If that sounds like something you'd like to be part of, read on...

The FP&A Analyst for the IoT category will play a critical role in providing financial insights and analysis to support strategic decision-making within the Internet of Things business segment. This position is responsible for budgeting, forecasting, and variance analysis, as well as providing business leaders with data-driven recommendations to optimize profitability and growth. The ideal candidate will have strong analytical skills, business acumen, and a deep understanding of the IoT landscape.

Role & Responsibility

  1. Financial Planning & Analysis:
    • Lead the budgeting and forecasting processes for the IoT business, ensuring alignment with overall company goals.
    • Conduct in-depth financial analysis, including P&L, cash flow, and balance sheet projections specific to the IoT category.
    • Analyze business performance, identify trends, and provide actionable insights to support strategic decision-making
  2. Business Partnering:
    • Work closely with IoT business unit leaders to understand operational needs and provide financial guidance.
    • Present financial reports, forecasts, and analysis to senior management and key stakeholders
    • Collaborate with cross-functional teams, including product, sales, and marketing, to evaluate the financial impact of new initiatives and product launches.
  3. Financial Modeling:
    • Develop and maintain complex financial models to assess the financial viability of new projects, product launches, and other business initiatives within the IoT category.
    • Perform scenario analysis to evaluate potential out comes and guide management in risk assessment and decision-making.
  4. Variance Analysis:
    • Conduct monthly and quarterly variance analysis comparing actual performance to budget/forecast and provide explanations for deviations.
    • Identify opportunities for cost optimization, efficiency improvements, and revenue growth within the IoT segment.
  5. Reporting & Dashboards:
    • Prepare and present monthly financial reports, including key performance indicators (KPIs) relevant to the IoT business.
    • Build and maintain dashboards that track financial and operational performance, ensuring that key metrics are visible and actionable.
  6. Ad Hoc Analysis:
    • Support special projects and perform ad hoc financial analysis as required by senior management.

Skills & Qualifications

  1. Master’s degree in Finance, Accounting, Business, or related field (MBA or CA preferred).
  2. 5-6 post qualification experience in FP&A, financial analysis, or related roles, preferably with exposure to the IoT, technology, or manufacturing sectors. Atleast 2 years of experience in same industry + same role.
  3. Strong understanding of financial modeling, budgeting, forecasting, and variance analysis.
  4. Advanced proficiency in Excel
  5. Knowledge of the IoT industry and related business models is highly preferred.
  6. Strong analytical and problem-solving skills with the ability to interpret complex data and translate it into actionable insights.
  7. Excellent communication and presentation skills, with the ability to effectively interact with senior management and cross-functional teams.
  8. High level of attention to detail, organization, and time management.

Key Competencies:

  1. Analytical Thinking: Ability to analyze complex financial data and provide actionable recommendations.
  2. Business Acumen: Understanding of IoT business models and the ability to apply financial insights to business strategies.
  3. Collaboration: Proven ability to work effectively with cross-functional teams.
  4. Communication: Strong verbal and written communication skills, capable of presenting complex financial data in a clear and concise manner.
  5. Attention to Detail: Accuracy in financial reporting and data analysis.

We are an equal opportunity employer and will always promote a more diverse and inclusive environment. We are committed to being a welcome employer for all candidates.