Financial Analyst 1

HP — Bengaluru, Karnataka

₹4–10 LPA (HireSetu estimate) · 0–2 yrs exp · Freshers eligible · Full-time

HireSetu listing reference 59b907 — confirm requirements below, then apply on the employer site.

Quick answer: Month-end close, expense and capital reviews and forecast inputs for an HP business unit in Bengaluru. A four-year degree in finance, economics or business administration is the bar, and SAP is the one system named in the posting.

From HP's job posting

Financial Analyst 1

Job Summary

  • This role is responsible for supporting financial management by analyzing, reporting, and reconciling financial and operational results, identifying and researching variances to plans, and providing recommendations to key stakeholders. The role engages in budgeting and forecasting processes while ensuring reporting compliance. The role supports priority projects and maintains strong relationships with internal stakeholders.

Responsibilities

  • Performs data extraction as well as diagnosis of financial drivers, and leverages analytics to make recommendations to key stakeholders.
  • Conducts comprehensive financial analysis for specific functions or business units, addressing financial business issues and providing valuable analytics to support key business initiatives.
  • Provides inputs for monthly review of expenses and capital for budgeting and forecasting process and analyzes variances with operational analytics and insight.
  • Interprets financial reports, including forecasts, budgets, income statements, balance sheets and cash flow documents.
  • Acquires a comprehensive understanding of the organization's financial processes and gains proficient knowledge of the company's operations and business.
  • Supports business by closing the books, analyzing variances and trends, and developing financial forecasts that are consistent with the business objectives of the organization.
  • Ensures compliance with reporting standards and corporate policies and the integrity of external and internal reporting.
  • Applies foundational principles and contributes proactively to projects through research and data analysis support, providing regular updates on accomplishments and impediments.
  • Supports priority projects with direction, maintaining relationships with internal stakeholders and sharing information via standardized reports.

Education & Experience Recommended

  • Four-year Degree in Business Administration, Economics, Finance, or any other related discipline or commensurate work experience or demonstrated competence.
  • Typically has 0-2 years of work experience, preferably in financial management, internal audit, accounting, or a related field.

Preferred Certifications

  • Certified Public Accountant (CPA)
  • Certified Financial Analyst (CFA)

Knowledge & Skills

  • Accounting
  • Auditing
  • Automation
  • Corporate Finance
  • Data Analysis
  • Economics
  • Finance
  • Financial Analysis
  • Financial Modeling
  • Financial Planning
  • Financial Services
  • Financial Statements
  • Generally Accepted Accounting Principles
  • Internal Controls
  • Investments
  • Key Performance Indicators (KPIs)
  • Process Improvement
  • Profit And Loss (P&L) Management
  • SAP Applications
  • Variance Analysis

Cross-Org Skills

  • Effective Communication
  • Results Orientation
  • Learning Agility
  • Digital Fluency
  • Customer Centricity

Impact & Scope

  • Impacts own work and acts as a team member by providing information, analysis, and recommendations in support of team efforts.

Complexity

  • Learns to apply basic theories and concepts to work tasks.

Text from HP's official job posting, formatted by HireSetu. The employer's own page is the final word on details.

Entry-level in practice

The band is 0-2 years and the preferred certifications are CPA and CFA. Both take years of exams and supervised work, and nobody holding either takes a Financial Analyst 1 seat. Treat that line as a wish list. What does filter is a four-year degree in finance, economics or business administration, plus enough accounting to read a P&L unaided. Two years of CA articles or an accounting internship at a mid-size firm puts you in range. A switcher from an unrelated job has more ground to cover, because GAAP, internal controls and financial statements all appear as expected knowledge.

Close, variance, forecast, repeat

Investments and KPIs sit in the skills list, which can make this sound like a markets or valuation seat. The responsibilities run elsewhere: closing the books each month, reviewing expenses and capital, explaining why actuals moved against plan, feeding numbers into the budget. That cycle repeats, and it is most of the job. SAP is the only system named, so a course or a college project using it earns a line on your CV. So does one clean example of a variance you explained: what moved, by how much, and what caused it. After a couple of years, seats like this open into business unit finance or a planning and analysis team, and the close and forecast work is the base for both.

Variance analysis and the P&L

Variance analysis compares actual expenses and capital with the budget or forecast, then reads the gap through operational analytics. A variance is the difference between a planned figure and the actual one, and researching it traces the operational reason behind that difference.

An income statement shows revenue and costs over a period; a balance sheet lists assets, liabilities and equity at a point in time. GAAP is the accounting rulebook those statements are prepared under.

From ledger pull to forecast

Data extraction pulls the figures a forecast or a variance is built on. SAP is the application named in the skills list, and financial modeling is the work of assembling the forecast from those figures.

Closing the books means posting and reconciling entries so the ledger is complete; forecast inputs then use that closed base. The same numbers feed standardized reports to internal stakeholders.

Prepared from HP's job posting and checked against it before publishing. See our Editorial Policy.

How to apply

  1. The Apply button opens this job on HP's careers site (hp.wd5.myworkdayjobs.com).
  2. Its requisition number is 3159487; search for it on the careers site if the link ever stops working.
  3. Workday logins are separate for every company, so you need an account made for HP.

Apply on HP's site

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