Manager - Cost Management - BFSI

Manager - Cost Management

Our client is a global financial services provider, engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services all over the world.

Department overview:

Business Area is Head Office, though serves all BUs from a cost reporting point of view. Successful applicant will work across the full Group providing cost reporting support through cost management systems and infrastructure

The Finance department covers Financial Control, Product Control and BP&A globally across the organisation. The department plays a fundamental role in supporting the firm's business areas by providing high-quality reporting and accounting services.

Roles and Responsibilities:

Design, development and production of value add Management Information reports for the Global CDS team (monthly reports, adhoc reports, forecast and budget).

Key participant and representative of MI Team in various client and internal team meetings.

Change agent on applying appropriate technology solutions to facilitate effective and efficient report production administration of the Cost Planning (Budget & Forecast) System for Investment Bank and Wealth Management

Maintenance of the Group Cost Analytics Portal

Provide and develop regular value add analysis and exceptions reporting on key cost drivers.

Utilize the system to construct and drive ideas which could lead to cost savings for the organisation. Examples include; Cost per Head analysis, analysis of the spend patterns for the main cost types, understand trends, seasonality and outliers which will assist in forward planning and more effective cost management.

Support management in carrying our the Cost Control Strategies, Cost Transformation Projects and Vision

Developing and analyzing medium-term plans / annual budgets / quarterly forecasts

Deliver monthly management reporting, variance analysis and commentary on business performance

Competitors Analysis - highlighting the performance of the entity against its peer group

Building financial reporting models and automating the same

Implementing and monitoring quality reviews

Provide technical solutions / support to MI lead with emphasis on data extraction / manipulation / reporting using EXCEL, ACCESS, SAP BW, COGNOS, QLIKVIEW, VBA and BUSINESS OBJECTS

Person Specification:

MBA in Finance \ FRM \ ICWA or any other financial qualifications as postgraduate

At least 6+ years overall in Management Reporting, Financial Planning Analysis

Experience in providing value add analysis to support delivery of Budget & Forecast including Exceptions reporting, Executive Summaries to be communicated to stakeholders.

Candidate will help the MI lead manage the relationship with Finance Business Partners, Business COOs, Projects and IT to ensure effective delivery of MI support to these stakeholders. This will include negotiating MI enhancements, report decommissioning and managing delivery with available resources.

Accountable for timely, accurate and credible production of scheduled and adhoc MI reports and analytics, leveraging SAP BW and Business Objects.