Analyst - Cost Mgmt - Finance

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

• CA/MBA

• Analytical Skills
• Proficiency in MS Excel
• Flair with Numbers
• Communication
• Basic Banking Knowledge
• Knowledge of Process

Experience Required

• Minimum experience in years –1 to 5 yr
• Exposure to banking preferable

Major Stakeholders

• Entire Bank - Business/ Support functions.