Senior Manager - Cost Management - Finance with a Large Private Bank
Senior Manager - Cost Management - Finance with a Large Private Bank
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Job Description
Job Purpose
Look for ways to optimize the operating cost of the Bank through analytics.
Job Responsibilities
Cost Analytics
- Monthly /Quarterly Review of Expenses
- Horizontally/vertically ie Expense wise / 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: CA/MBA
Key Skills
- Analytical Skills
- Proficiency in MS Excel
- Flair with Numbers
- Communication
- Basic Banking Knowledge
- Knowledge of Process
Experience Required
- Minimum experience in years 3
- Exposure to banking is preferable
Cost Management,Cost Accounting,cost analysis,Cost Reduction,business finance,Cost Control,Cost Planning,cost estimation,financial management
Employment Type
Full Time
