Service Operations Finance Analyst

Job Description

Finance Specialist – Service Cost Analysis

Location: Chennai

Reporting to: Manager

Function: Finance (Operations Finance)

Position Summary

The Finance Specialist is responsible for driving service cost analysis, margin tracking and financial controls across service operations. The role focuses on ensuring effective COGS monitoring, provision management, profitability analysis and audit readiness.

Key Responsibilities

Service Margins

Track and analyze service costs (labor, subcontracting, materials).

Ensure accurate booking of costs against the correct projects, service orders, and cost centers .

Analyze entry & exit margins, identify cost overruns and highlight the low margins to the respective stakeholders.

Perform detailed cost vs revenue correlation analysis to ensure margin accuracy

Install base Analysis

Zonal Financial Control

Track unbilled revenue, deferred revenue, and billing schedules

Perform validation of billing data to minimize revenue leakages and process gaps

Audit Support

Support internal and external audits for service financials.

Maintain audit-ready documentation (billing, cost, WIP, provisions, credit checks).

Drive closure of audit observations and control gaps .

Skills & Competence

Expertise in cost analysis, provisions, WIP, and project accounting

Strong understanding of service accounting, cost structures, and margin analysis

Hands on experience with ERP Systems preferably Oracle

Strong analytical, reconciliation, and problem-solving abilities

Candidate Profile

2-3 years of post-qualification experience in Accounting, Cost Structure & Margin Analysis

Should be a good Individual Contributor

Hands-on experience with Oracle and advanced Excel.

Good Presentation & Communication skills

Inter-CA / M Com / Inter-CMA

Success Measures

Accuracy of Service Cost Booking & provisions

Improved visibility of project/zonal margins

Strong audit outcomes with minimal observations