Financial Analyst

1. POSITION DESCRIPTION

JOB TITLE

Financial Analyst

DEPARTMENT

F & A

TYPE OF POSITION

Full-time

REPORTS TO

National Manager – Financial Planning

REPORTING INTO

NA

1. ROLE PURPOSE & OBJECTIVE

• Responsible to prepare the long term business plans, business strategy, yearly business budget & forecasts in collaboration with the Business teams.

1. SIZE OF THE ROLE

FINANCIAL SIZE

NON-FINANCIAL SIZE

• CAPEX / OPEX Budgets resting with the role
• Total Buying / Procurement
• Total Revenue
• Portfolio Managed
• Number of vendors / consultants
• Number of portfolio products
• Volume of products and services
• Quantity of equipment / stocks / projects / etc.
• Credit files received / underwritten
• Volume of new hires onboarded
• Volume of recruitment etc.

1. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business/ Financials

• Industry Analysis and Competitor Study: Conducting a competitor study and industry analysis in partnership with sales and marketing team to gather relevant information for business strategy and plan formulation. Tracking the competitor closely and proposing key take away for Ujjivan.

• Business Planning and Budgeting: Preparing the long term business plans, business strategy, yearly business budget & forecasts in collaboration with the Business teams.

• Tracking of Business & Revenues: Publishing and analyzing relevant dashboards highlighting the performance of the business against the target/budget. Analyzing the performance of the different business units and highlighting the performers and non-performers. Assist business leaders in developing an action plan for the non-performers. Track revenues.

Customer

• Attend and assist to any related queries for customers

• Must have fair understanding of Taxation laws & should assist in interpretation of law to drive projects that has an impact on the Bank / it’s businesses

• Must be able to guide Operations, IT, Business teams for any needful actions to be undertaken pursuant to any new requirements / changes in existing requirements per laws

Internal Process

• Process Improvement: Understanding the current processes followed by the bank and suggest improvement to develop efficiency. Also developing and reviewing new business processes as per the strategic goals of Ujjivan.

• Cost Management and Cost Control: Tracking the costs of various verticals against budget and performing the variance analysis. Also suggesting alternatives to optimize the costs incurred to improve profitability.

Learning & Innovation

• To keep oneself up to date on relevant laws

• To complete all online learning modules on time

• To complete the self-assessment on time

1. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

• MBA(Finance)/ CA/ CFA

Experience

• Minimum 1 year experience in financial analysis or planning & budgeting in a Bank/Financial Institution/ advisory firm

Functional Skills

• Strong accounting & tax background
• Fair Understanding of Taxation laws (Income Tax & GST)
• Expert in handling voluminous data & hands on experience with MS Office

Behavioral Skills

• Adequate analytical skills
• Keen learning ability
• Strong verbal and written communication
• Time Management skills
• Crisis Management skills
• Strong negotiation skills

Competencies Required

• Planning & Organizing
• Driving Execution
• Collaboration

1. KEY INTERACTIONS

INTERNAL

EXTERNAL

• Business / Product team
• Operations team
• IT team
• Finance & Accounts team
• Audit team
• Risk team
• Income Tax Department
• GST Department
• Customers
• Vendors