Financial Analyst
Financial Analyst
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Job Description
Banyan Canopy Group is the Excellence Centre for Banyan Software providing world-class operational support to drive the success of enterprise software businesses worldwide. Based in Karachi Pakistan Banyan Canopy Group plays a critical role in Banyan Softwares long-term buy-and-hold strategy delivering exceptional back-office services that enable sustainable growth and operational excellence. At Banyan Canopy Group we are committed to fostering talent streamlining operations and upholding the highest standards of accuracy and integrity.
As a global company flexibility to support our teams in various time zones is essential. To form meaningful connections this role is listed as in office 5 days per week. Working from 2:00 pm - 10 pm PST.
About Banyan Software:
Banyan Software provides the best permanent home for successful enterprise software companies their employees and customers. We are on a mission to acquire build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical recent years Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Job Profile:
This is an exciting and entrepreneurial opportunity to join a fast-paced software consolidator with a significant growth trajectory. The Financial Analyst will report to the Assistant Manager or designate. This role will focus on partnering with operating and finance colleagues to support high-quality software businesses owned by Banyan Software. The position is ideal for an individual that has the interest and aptitude to be involved in all aspects of finance operations including revenue recognition accounts payables and expenses cash management financial reporting and analysis as well as systems. This finance group also plays a value added role by leveraging financial and other data to drive shareholder value.
Responsibilities:
- Verify the accuracy of transactions recorded in the appropriate ledger (AR and AP).
- Collaborate with the Junior Financial Analyst to oversee monthly cash books AP payments and invoice processing.
- Develop the AR Billing Schedule.
- Prepare and reconcile Deferred Revenue Schedules with guidance from the Senior Financial Analyst or Assistant Manager. Deferred Revenue balance should be in a waterfall format so that a ST/LT reclassification of Deferred Revenue on LT Contracts is possible.
- Conduct monthly reconciliations for Balance Sheet accounts.
- Includes: Cash Accounts Receivable Accounts Payable Fixed Assets Intangible Assets Deferred Revenue Accrued Liabilities Accrued Accounts Receivable etc.
- Perform monthly reconciliation of intercompany transactions.
- Post (and related processing activities) payroll and statutory payments inclusive of all applicable taxes.
- Handle monthly Sales Tax filings in coordination with Tax team.
- Manage day-to-day accounting activities ensuring compliance with organizational policies and procedures.
- Prepare and provide commentary on the Profit and Loss Variance Analysis Report at month-end.
- Generate Revenue Reports at month-end commenting on variances (Month-over-Month and Quarter-over-Quarter).
- Efficiently manage month-end tasks including prepayments/accruals and prepare revenue and Profit and Loss reports.
- Continuous review of SOPs to ensure that they remain relevant and suggest process improvement changes to SFAs / AMs as applicable.
- Conduct periodic internal audits of compliance as directed by Controllership.
Qualifications for success:
The ideal candidate for the role will possess the following characteristics:
- Minimum of 5-7 years of experience in a finance/accounting role
- College degree in business accounting or finance will be preferred.
- Accounting designation
- Solid working knowledge of accounting principles and practices
- Experience with NetSuite is an asset.
- Excellent attention to detail and ability to manage multiple priorities.
- Highly motivated and energetic with interest in entrepreneurship software and finance
What We Offer:
- Competitive salary and benefits package.
- Opportunity to lead a talented team in a fast-growing company.
- A dynamic and inclusive work environment.
- Professional development and career growth opportunities.
Banyan Software companyencourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying.
Please be aware that only candidates selected for interviews will be contacted for this position. Banyan Software is an equal opportunity employer and makes employment decisions without regard to race gender disability or protected veterans status.
Beware of Recruitment Scams
We have been made aware of individuals fraudulently posing as members of our Talent Acquisition team and extending fake job offers. These scams may involve requests for personal information or payment for equipment.
Protect yourself by following these steps:
- Verify that all communications from our recruiting team come from an @ email address.
- Remember employers will never request payment or banking information during the hiring process.
- If you receive a suspicious message do not respond instead forward it to and/or report it to the platform where you received it.
Your safety and security are important to us. Thank you for staying vigilant.
Required Experience:
IC
Employment Type
Full Time
