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POSITION DESCRIPTION JOB TITLE Lead-Financial Planning and Strategy GRADE VP DEPARTMENT Finance and Accounts LOCATION HO SUB-DEPARTMENT Strategy and Planning TYPE OF POSITION Full Time REPORTS TO National Manager – Financial Planning and Strategy (FP&S) Writing strategy document for the bank, making long-term business plans for the Bank and the liability verticals Finance partner to business heads and giving them full support while developing product programs, annual budget/ long term strategy, various cost benefit analysis, profitability at vertical & product level, analysis of cost of fund, funding strategy for the bank, analysis of treasury portfolio. Support to the senior leadership team in the formulation of business strategy, business plan, budget and target setting Support the Head of strategy and business heads to conduct review of performance at various levels – Bank/ vertical/ region etc. Drive improvements to the existing business processes, develop and review new business processes as per the strategic goals of Ujjivan. Various data analysis on regular basis like P&L / Balance sheet analysis, productivity, profitability, variable pay, automation. Handle all verticals with primary objective of raising liabilities (Treasury, FIG, Branch Banking, TASC, TPP etc.) Business Prepare a draft long-term and short-term business plan with annual targets basis the market potential and the objective of the Bank. It involves a mix of top-down and bottom-up approach as the need may be; product wise and region wise targets; guide the team for preparation of budget and business profitability Review the progress against targets on a periodic basis and prepare reports on the target achievements. Also, help businesses to understand the variance and come-up with corrective action. Prepare capital, revenue and expense budgets in coordination with the respective departments and present to Senior Management Prepare and submit, branch & region review reports and other performance reports for evaluation and review to the management/ board of directors Continuously scan the market environment on performance of peer banks on Ujjivan’s focus regions and various customer segments; provide strategic information to the senior leadership. Work closely with IT team and BI implementation team for implementation/customizations required in the IT platforms which are required based on Ujjivan’s needs Customer Track competition and analyze market intelligence Keep a track of industry updates and trends in terms of best practices, new customer service trends, products/ services, delivery channels, sourcing channels, marketing/ branding etc. Enhancing the FTP policy of the Bank based on the changing market as well as internal funding scenario. Also, keep the policy compliant with regulatory requirements that may change time-to-time. Should be face from the finance side for the Management on all the requirements of Bank’s Liabilities side. Prepare Business update for the Board on behalf of CBO/ MD. Co-ordinate with all business, Marketing, Digital, HR, Investor Relations and other relevant teams. Finance partner of Business Heads Internal Process Build a top level, forecasting model to analyze current business. Provide necessary financial analysis reports to the senior leadership team and various business heads within the specified timelines. Review Branch Profitability analysis and discuss with Business Head/ CBO; review monthly MIS for board highlighting the key achievements of relevant verticals Conduct Business Review- Monthly business & financial performance analysis, detailed income expense variance analysis, analysis of performance against budget with business head/ CBO Ensure adherence to all new business processes and process changes are in line with the guidelines prescribed by the RBI and other regulatory bodies. Detailed analysis of the Cost of Fund movement and its impact on the funding strategy of the bank Monthly analysis of the deposit book to be done for the Asset and Liability Committee of the Bank Treasury book review – Analysis of the investment book of the bank tracking its yield of its various components and its impact on Bank’s margin Preparing detailed overall funding strategy (deposits and borrowings) of the bank keeping in mind the micro and macro[1]economic factors MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS Educational Qualifications Professional Finance Degree – CA/CFA or MBA/PGDM (Finance) Experience (Years and Core Experience Type) - 10 to 15 years’ experience in BFSI/ Financial Planning & Analysis preferred. Show more Show less
