Job Description – IT – System Analyst Finance (CWIP, Capex–Opex & Budgeting)

Role Objective

To manage and support finance operations related to Capital Work in Progress (CWIP), provisioning of expenses, Capex/Opex analysis, and IT budget management, ensuring accurate financial reporting, budgetary control, and compliance with internal policies, audit, and regulatory requirements.

Key Responsibilities

CWIP & Capitalisation

• Maintain and monitor Capital Work in Progress (CWIP) for IT and technology-related projects.
• Track project‑wise Capex, validate put‑to‑use dates, and coordinate with IT/Project teams for timely capitalisation of CWIP into Fixed Assets.
• Ensure correctness of asset classification, capitalization values, and linkage with supporting documents.
• Assist in CWIP ageing analysis and closure activities during monthly/annual financial closing.

Provisioning & Accruals

• Prepare monthly and annual provisions for IT and operational expenses based on invoices pending, vendor confirmations, and contractual commitments.
• Coordinate with vendors and internal teams to obtain invoice status and validate accrual assumptions.
• Ensure timely submission of provisions to Finance & Accounts within defined closing timelines.
• Handle provision reversals and adjustments in subsequent periods, as required.

Capex & Opex Analysis

• Classify expenses accurately into Capex and Opex in line with accounting policies.
• Perform Actual vs Budget variance analysis on a monthly and quarterly basis.
• Support management with detailed cost analysis, trend analysis, and justification for variances.
• Assist in audit explanations related to expense booking, capitalization logic, and provisioning.

IT Budgeting & Budget Utilisation

• Support preparation of annual IT budgets (Capex & Opex) in coordination with IT and Finance teams.
• Track budget utilisation against approved budgets on a monthly/quarterly basis.
• Prepare budget utilisation MIS and dashboards for senior management and committees.
• Highlight potential overruns/under‑utilisation and support re‑forecasting activities.

MIS, Audit & Compliance

• Prepare and submit periodic MIS reports related to CWIP, provisions, Capex/Opex, and budget utilisation.
• Support internal audit, statutory audit, and regulatory audits by providing data, explanations, and supporting documents.
• Ensure adherence to internal SOPs, accounting policies, and regulatory guidelines.

Key Skills & Competencies

• Strong understanding of CWIP accounting, capitalization, and provisioning
• Sound knowledge of Capex vs Opex treatment
• Experience in budget preparation, tracking, and variance analysis
• Good analytical, reconciliation, and documentation skills
• Proficiency in Excel and familiarity with ERP / EGL / financial systems
• Ability to coordinate with cross‑functional teams (IT, Finance, vendors, auditors)
• IT Procurement and financial domain experience preferred
• Hands-on experience in AR/AP processing and Purchase Order creation on Oracle EGL platform preferred

Qualification & Experience

• CA (Inter) / MBA (Finance) / M. Com or equivalent
• 2–3 years of experience in finance roles involving CWIP, provisioning, or budgeting
  (Experience in IT / Infrastructure / Banking domain preferred)