Analyst - Cost Mgmt - Finance

Job PurposeLook for ways to optimize the operating cost of the Bank through analyticsJob Responsibilities(JR) : 6 – 8 Areas Actionable (4-6)Cost AnalyticsMonthly /Quarterly Review of ExpensesHorizontally/vertically ie Expensewise / cost centre wise review Designing Reporting ArchitectureQuarter End Financial ClosingConsolidation and validation of ProvisionExpense Variance analysis –QoQ/ YoYManaging AuditBudgetary controlConsolidation and validation of Budget Control on budgeted staffingBudgetary control through Variance analysisForecastConsolidation of Forecast Forecast StrategiesCost Driver FrameworkIdentifying the cost driversCreating the framework linking the drivers with the cost incurred.Cost ReductionDiscovering the opportunities to reduce cost through analytics/benchmarking/Market Practice etcStaff ProductivityAnalysing staff productivity through use of modelsStaffing ApprovalsApproving additional staff/ ensuring staff release on the basis of productivity models/understanding of process.Project EvaluationEvaluating the viability of the automations / efficiency improvement projects through ROI and other parameters.Evaluating staff release and ensuring the same post go liveEducational Qualifications (examples listed below)Key Skills(examples listed below)CA/MBA Analytical SkillsProficiency in MS ExcelFlair with NumbersCommunicationBasic Banking KnowledgeKnowledge of ProcessExperience Required (examples listed below)Minimum experience in years –1 to 5 yrExposure to banking preferableMajor Stakeholders(intra team and cross functional stakeholders, who would need to be interacted with for discharging duties) (examples listed below)Entire Bank - Business/ Support functions.