Analyst - Cost Mgmt - Finance

Job Description

Job Purpose Look for ways to optimize the operating cost of the Bank through analytics Job Responsibilities(JR) : 6 – 8 Areas Actionable (4-6) Cost Analytics Monthly /Quarterly Review of Expenses Horizontally/vertically ie Expensewise / cost centre wise review Designing Reporting Architecture Quarter End Financial Closing Consolidation and validation of Provision Expense Variance analysis –QoQ/ YoY Managing Audit Budgetary control Consolidation and validation of Budget Control on budgeted staffing Budgetary control through Variance analysis Forecast Consolidation of Forecast Forecast Strategies Cost Driver Framework Identifying the cost drivers Creating the framework linking the drivers with the cost incurred. Cost Reduction Discovering the opportunities to reduce cost through analytics/benchmarking/Market Practice etc Staff Productivity Analysing staff productivity through use of models Staffing Approvals Approving additional staff/ ensuring staff release on the basis of productivity models/understanding of process. Project Evaluation Evaluating the viability of the automations / efficiency improvement projects through ROI and other parameters. Evaluating staff release and ensuring the same post go live Educational Qualifications (examples listed below) Key Skills (examples listed below) CA/MBA Analytical Skills Proficiency in MS Excel Flair with Numbers Communication Basic Banking Knowledge Knowledge of Process Experience Required (examples listed below) Minimum experience in years –1 to 5 yr Exposure to banking preferable Major Stakeholders (intra team and cross functional stakeholders, who would need to be interacted with for discharging duties) (examples listed below) Entire Bank - Business/ Support functions. Show more Show less