Senior Manager: Cost Control

Job description

About the Role This Cost Control team is responsible for all aspects of cost budgeting, reporting and forecasting activities. This team is also responsible for equitable cost allocation across various segments. The deliverables include interaction with senior management on variance analysis, budgetary control and project updates. Key Responsibilities - Responsible for conceptualization of cost reduction ideas and its implementation, work with stakeholders across the organization. Present the weekly progress to senior management. - Prepare monthly master data / trends, cost reports forecasts, BITE reports, presentations and Peer bank comparisons - Ensure accurate cost allocation every month. - Ensure analysis of variances on monthly basis vs previous month/ period and budget & make the presentations for review at senior management level. - Ensure adherence to Capex framework, assessment of proposals & highlight deviations in monthly reporting to management. - Ensure collation / summarization of cost budget on quarterly/annual basis. Work on presentations for management analysis/review. - Participate in automation initiatives for the function. Qualifications Optimal qualification for success on the job is: - Chartered accountant with 3-5 years of experience with reputed financial institutions (Banks / NBFCs/ Insurance companies preferred). Role Proficiencies: For successful execution of the job, the candidate should possess the following: - Knowledge of Microsoft Office (including PowerPoint, Excel & Word) and Power BI/Exposure to AI (desired) - Knowledge of financial reporting and ability to work with financial data - Demonstrate management control of delegated tasks