AVP Sr Manager - Business Finance FPA with a Large Private Bank

Job Purpose

To aid Senior Management in taking timely corrective actions by highlighting the areas of concern & providing meaningful insights across business parameters & strategic key objectives.

Job Responsibilities

Planning & Forecasting

System requirementsGather inputs from Business Units

Analyse the budget submissions

Guide L0 on analysis analyse identified exceptions anomalies under budgeting. Basic filtering for allowable items. Get basic reasons for exceptions.

Prepare material to aid in challenging Business Units on exceptions.

Challenge the Budget submissions

Understand all the assumptions used in arriving at overall budget numbers .

Check for sample branches with the validation of assumptions in arriving at branch level budget nos.

Analyse and identify exceptions anomalies under budgeting etc and highlighting to Fincon seniors.

Actionables from budget meeting

Document the actionables from budget meetings with business counterparts/GH.

Followup for the updates understand the updates and delays on actionables to L2

Analysis/ Monitoring key strategies and business / financial metrics

Basic definitions of metrics

Making a list of proposed Kos performance in prior years expected performance etc. for Senior managemnet to aid in deciding KOs for next year.

Measurement methodology

Ensure measurement methodology in place in agreement with all stakeholders.

Along with business /product teams to set up the MIS required for monitoring the Key objectives in discussion with BIU .

AnalysisGuiding the team on key focus areas sample checks of data granular level analysis.

Raising red flags for items not working to be discussed with business counterparts /fincon seniors .

Red flag/ Executive SummaryGuide L0 on Red flag preparation

Prepare Executive summary and take business comments

Highlight the disconnects to L2 exceptions observed during analysis

Validate work done by L0.

Expand on reasons obtained by L0 and guide on further course of action.

Identify further data and analysis to be obtained that will help in challenging Business Units on reasons given.

Track achievements vis a vis projections periodically and highlight any gaps to the next level.

Actionables from Review meetings

Monitor the actionables arising out of the review meetings and ensure logical closure

Demonstrate the Financial benefits Revenue generation or cost saving from these key objectives

PLPs & Headcount approvals

Validation of PLP /manpower approval structureValidate the correctness of data simulations Cost to Income PLP to driver ratios.

Identifying gaps and highlighting to L2

Ensuring the PLP structure is as per banks policy and in same lines for similar profiles amongst channels

Ensure all key objectives are part of PLP structure. If not raise it with business team and HR.

PLP AnalysisValidation of analysis done by L0

Highlighting items not in trend to L2 with reasons thereof

Plan revisions/ adjustment requests

Evaluation revision and adjusment requests Guide the team on logics.

Validate the analysis done by L0

Evaluate proposal and share the summary of revisions with recommendations to next level

Present the overall impact on the original plans due to the revision

Highlight the disagreements (if any) to seniors for closure

Senior management visit actionable tracking/ monitoring / reviewing

Identify the action points

Guide the team on actionables tracking.

Update on action points

Ensure complete logical closure of action points by co ordinaton with Regional teams /business and other stake holders

Documentation

Get relevant updates by presenting the crisp summary of region wise actionables and giving bulls eye view to seniors on the progress

Projects/ Automations

Reporting and monitoring

Get relevant updates by presenting the crisp summary of region wise actionables and giving bulls eye view to seniors on the progress

FPN

FPN recommendation

Validate the benefits of FPNs received and share recommendations

Quarterly Board notes and Investor call data/RBI submissions

Reporting for RBI/Investor presentations/External reportingsValidation of data prepared by L0

Adhoc

Any adhoc requirement at any level as may be required by senior management

Educational Qualifications : CA / MBA

Key Skills

• Analytical skills
• Planning and Organizing Skills
• Communication
• Knowledge of Competition & Current trends in financial Industry

Experience Required

• Minimum 3years for Sr Mgr and 7 for AVP
• Exposure to banking preferable

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