Assistant Vice President - Management Reporting

HSBC Holdings plc; Chennai; On-site; INR 4,500,000 - 6,500,000; Full time

Job summary

HSBC Holdings plc in India seeks an experienced Assistant Vice President - Management Reporting to lead cost performance tracking across Global Functions and drive end-to-end cost reporting processes. You will own actuals, forecast, budget, and FRP, ensuring accuracy and timely submissions while supporting automation initiatives.

Key responsibilities include leading TM1-based budgeting, variance analysis, and dashboard development to inform senior leadership, with a focus on controls and

Qualifications

• 13+ years’ experience in Finance, Cost reporting, performance management or finance controlling.
• Proficiency in TM1 and experience with FRP/budget/forecast cycles.
• Strong Excel skills; familiarity with Power BI and automation technologies.

Responsibilities

• Drive cost performance tracking and reporting for Global Business/Functions (Actuals, Forecast, FRP, Budget, Target).
• Lead monthly ledger reviews and monitor variances and trends with policy adherence.
• Develop dashboards and automate recurring cost reporting to enable clear decision-making.

Skills

TM1 proficiency

Power BI

Excel

Cost reporting

Education

BCom/MCom

CA-Inter/CWA-Inter

MBA

Tools

TM1

Power BI

Job description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in therole of Assistant Vice President - Management Reporting.

Purpose of the role

The role sits within Global Functions and partners closely with the In-country stakeholders to drive cost performance goals across the regional and global teams, including delivery of Group cost saves. It provides end-to-end oversight of cost reporting (Actuals, Forecast, FRP, Budget, Target), governance and execution of boundary changes, and strong control over month-end close and submissions to ensure minimal unreconciled gaps. The role also supporting cost Optimisation initiatives, resolving system/reporting issues in collaboration with other relevant Finance/Systems teams, and delivering ad-hoc analysis for Functional CFOs and senior leadership, including value-hunting and automation/streamlining projects

In this role, you will:

• Drive cost performance tracking and reporting across Global Business / Global Functions (GB/GI) for Actuals, Forecast, FRP, Budget, Target and savings delivery.
• Perform monthly Ledger reviews, highlighting key movements and tracking performance vs Budget/Forecast; flag WD2/WD3 anomalies across other GB/GIs for timely correction.
• Monitor budget compliance for retained costs across GB/GIs and provide clear MI and insights on variances and trends. Own end-to-end compliance with Cost Policies and partner with GB/GI leads to ensure adherence to policy requirements.
• Liaise with Group Tax and the Financial Controllers team to resolve queries and investigate cost movements vs forecast. Lead FRP/budget reviews across GB/GIs, including preparation of budget templates and support for TM1 uploads; obtain post-cycle confirmations.
• Manage internal, assurance and external audits relating to Controls for Policy, ensuring controls are evidenced and kept current in the system. Identify system/process issues impacting Group cost reporting and drive resolution, ensuring minimal unreconciled gaps.
• Lead the team to ensure ongoing service delivery, stakeholder communication, and continuous improvement.
• Leverage AI and automation tools to streamline cost data collection, validation and reporting, improving accuracy, timeliness and transparency
• Identify opportunities to automate recurring processes and develop insightful dashboards that support effective cost control and decision-making. Collaborate with Finance and technology teams to implement scalable solutions while maintaining appropriate data governance and controls.
• Support ad-hoc projects for Functional CFOs/senior leadership, including cost optimisation deep-dives, digital analytics/value-hunting, and automation/streamlining initiatives.
  

To be successful you will:

• Have 13+ years’ experience (BCom/MCom/ CA-Inter/CWA-Inter/ CA/CWA/MBA) in Finance, Cost reporting, performance management and/or finance controlling.
• Demonstrate strong TM1 proficiency and experience supporting FRP/budget/forecast cycles and month-end close deliverables.
• Proficiency in excel, experience with Power BI, familiarity with AI and automation technologies, ability to transform complex data into clear insights.
• Show strong understanding of accrual processes to ensure costs are recorded in the correct financial year and appropriately analysed.
• Have working knowledge of General Ledger to identify, analyse and explain cost and accrual postings.
• Apply cost-driver level variance analysis (vs Forecast & trends) to flag anomalies, estimate year-end outcomes, and support cost optimization decisions.
• Partner effectively with relevant Finance Teams to minimize reconciliations and ensure submission integrity.
• Demonstrate strong stakeholder management and communication skills, including confidence engaging senior leadership and handling policy/control discussions (retained cost methodology, intercompany charging, recoveries).

You’ll achieve more when you join HSBC.

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