Product Owner
Hyderabad, TS, India17h ago
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Skills
About the role
Techwave, we are always in an exercise to foster a culture of growth, and inclusivity. We ensure whoever is associated with the brand is being challenged at every step and is provided with all the necessary opportunities to excel in life. People are at the core of everything we do.
Who are we?
Techwave is a leading global IT and engineering services and solutions company revolutionizing digital transformations. We believe in enabling clients to maximize the potential and achieve a greater market with a wide array of technology services, including, but not limited to, Enterprise Resource Planning, Application Development, Analytics, Digital, and the Internet of things (IoT).
Founded in 2004, headquartered in Houston, TX, USA, Techwave leverages its expertise in Digital Transformation, Enterprise Applications, and Engineering Services to enable businesses accelerate their growth.
Plus, we're a team of dreamers and doers who are pushing the boundaries of what's possible.
And we want YOU to be a part of it.
Job Description
Job Description:
7–10 years of experience in product ownership, Finance systems, FP&A, cost management, allocations, or Finance transformation.
· Strong understanding of cost allocations, profitability management, driver-based costing, and financial reporting processes.
· Experience owning product roadmaps and delivering enterprise Finance initiatives.
· Experience preparing Business Requirements Documents (BRDs), Functional Design Documents (FDDs), user stories, process flows, acceptance criteria, and test scenarios.
· Experience coordinating User Acceptance Testing (UAT), including test case development, defect management, business validation, and sign-off.
· Strong project and stakeholder management skills with the ability to manage multiple priorities and timelines.
· Ability to translate Finance requirements into clear functional specifications and actionable deliverables for technology teams.
· High-level understanding of Oracle PCM, Oracle EPM, or similar profitability management platforms.
Key Responsibilities
Product Ownership & Roadmap Management
· Own and manage the Allocations and Profitability Management product roadmap and delivery backlog.
· Prioritize business requirements, enhancements, and strategic initiatives based on business value, risk, and delivery capacity.
· Define delivery plans, milestones, dependencies, success metrics, and expected business outcomes.
· Ensure alignment between Finance objectives, allocation methodologies, and technology solutions.
Business & Functional Requirements
· Gather, analyze, and document requirements from Finance, FP&A, Accounting, and other stakeholders.
· Prepare and maintain Business Requirements Documents (BRDs), Functional Design Documents (FDDs), user stories, process flows, functional specifications, and acceptance criteria.
· Translate business requirements into clear, actionable deliverables for technology and implementation teams.
· Review solution designs and configuration proposals to confirm alignment with approved requirements and Finance processes.
· Maintain requirements traceability and manage changes to scope, requirements, and design decisions.
Allocations & Profitability Management
· Partner with Finance stakeholders to define and optimize allocation methodologies and profitability processes.
· Support decisions related to cost pools, allocation rules, allocation drivers, calculation logic, and profitability reporting.
· Drive process standardization, controls, transparency, and continuous improvement across allocation and profitability functions.
· Ensure solutions meet Finance governance, reporting, reconciliation, and audit requirements.
· Maintain a high-level understanding of PCM functionality, dimensions, allocation rules, calculation logic, reporting, and upstream/downstream integrations.
· Work with technology teams to support solution design, configuration, testing, deployment, enhancements, and production support.
· Assess business requirements and determine impacts on PCM calculations, allocation processes, integrations, controls, and reporting.
Testing, Business Readiness & Delivery
· Develop and review UAT strategies, test plans, test scenarios, test cases, expected results, and business validation evidence.
· Coordinate System Integration Testing (SIT) and User Acceptance Testing (UAT) with business and technology teams.
· Track defects, facilitate triage, prioritize fixes, coordinate retesting, and obtain business sign-off before deployment.
· Manage project timelines, risks, dependencies, decisions, and issue resolution to keep initiatives on schedule.
· Coordinate training, communications, change management, production readiness, and post-deployment support.
Stakeholder Management & Continuous Improvement
· Facilitate requirements workshops, prioritization sessions, design reviews, status meetings, and leadership updates.
· Monitor metrics related to allocation accuracy, operational efficiency, profitability reporting, and business value.
· Identify opportunities for automation, optimization, and process simplification across Finance.
Education & Qualifications
Required
· Bachelor’s degree in Finance, Accounting, Business, Information Systems, Engineering, or a related field.
· 7–10 years of experience in Finance systems, product management, FP&A, cost management, allocations, or Finance transformation.
· Strong understanding of allocation methodologies and profitability management concepts.
· Demonstrated experience documenting Business Requirement and Functional Design documents, user stories, process flows, functional specifications, and acceptance criteria.
· Experience leading or coordinating UAT planning, test case development, defect tracking, business validation, and sign-off.
· Experience managing cross-functional projects, product roadmaps, delivery schedules, and stakeholder relationships.
· Strong analytical, communication, facilitation, documentation, and organizational skills.
Preferred
· Experience with Oracle Profitability and Cost Management (PCM).
· Experience with Oracle EPM, EPBCS/PBCS, FCCS, or similar Finance platforms.
· Knowledge of activity-based costing, driver-based costing, and profitability analysis.
· Experience supporting Finance transformation programs in large enterprise environments.
· Familiarity with Agile delivery methods, backlog management, and release planning.
Core Skills
· Product ownership and roadmap management
· Finance allocations, cost management, and profitability management
· Business requirements and functional design documentation (BRD/FDD)
· UAT planning, test case development, and defect management
· Cross-functional project and stakeholder management
· Finance systems experience
· Oracle PCM or Oracle EPM familiarity (preferred)