Posted By
Posted in
Banking & Finance
Job Code
1414198
Job Description:
- This is one of the critical role within Financial Planning and Analysis team, which plays a very important role in supporting the organization and the leader of the team in several cost initiatives of the company.
- Specifically, this role is responsible for ownership and end to end delivery of resource deployment process of the organisation.
KEY RESPONSIBILITIES:
Field enablement:
- Help business conceptualize and enable growth/ improvement oriented initiatives by business
- Agency-branch profitability and redesigning the MIS process
- Axis-Zone level analysis
- Direct sales force
- New initiatives support
Opex:
- Drive cost management agenda of the organization
- Providing controllership over Company level opex
- Departmental expenses, reconciliation between top down and bottoms up, engagement with various functional heads and closure
- Tracking monthly opex
- Providing visibility to rolling forecasts to enable timely business action
- Company level cost initiatives- HR, Facilities, Agency etc
- Quality led cost initiatives and weekly governance
Financial Decision making:
- Develop and maintain framework of cost management and resource allocation within accepted risk parameters
- Liasoning with demand management
- Negotiate with various functions on efficacy of CBA
- CBA approval process as per revised grid
- Providing visibility to organization on accountability of delivering committed benefits of investments.
- Trainings and increasing the awareness of the process
- Sample analysis of self-approved CBAs on quarterly basis
- Monitoring and reporting of margins
- Channel level profitability.
CAPEX:
- Help business priorities capex spends and funding of the same.
- Give-gets of various CAPEX and its linkage with company strategy and sales plan/cost reduction plans
- Monthly tracking of CAPEX categorized under various projects and dash boarding in the way it is useful to major stakeholders
- Periodic reconciliation between IT PO based capex and "put to use" CAPEX
- Deep dive of leasehold capex
Key Projects:
- Understanding of the business case
- Give-gets of various initiatives
- Current issues (timing/permanent)
- Benefit tracking and validation
- Understanding of CPT methodology and validation of the same
- Corporate overhead allocation Process
- Understanding and improvements
- Alignment with Activity Based Costing
- Owning expenses allocation policy and periodic review of expense allocation process runs and movement analysis
- Expense unitisation process
Incentives and contests:
- Ensuring Give-get of the incentives/ contest schemes in line with product and channel economics
- Periodic forecasting and course corrections
- Provision validations in the books
- Financial results and analysis including forecasting
- Ensuring monthly closure of books and MBR
- Forecasting of results on key parameters
- SH reporting
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Posted By
Posted in
Banking & Finance
Job Code
1414198
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