Costing Manager – Bank

Steps; Mumbai; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

A leading financial services provider is seeking a Specialist – Costing Manager in Mumbai. This role involves preparing financial analyses, managing day-to-day financial operations, and ensuring compliance with regulations. The ideal candidate should possess strong financial analysis and accounting skills, and the ability to design effective fiscal policies. This position offers an opportunity to contribute significantly to decision-making processes while maintaining financial accuracy.

Qualifications

• Strong proficiency in financial analysis and reporting.
• Experience in managing accounting operations.
• Ability to design fiscal policies and procedures.

Responsibilities

• Perform financial and accounting related activities in a timely manner.
• Manage day to day operations to ensure process execution within SLAs.
• Contribute to budget preparation and monitor budget performance.

Job description

Overview

Job Title: Specialist – Costing Manager

Function / Department : Finance

Location – BKC Mumbai

Job Purpose

The role bearer has the responsibility to prepare and establish various financial analyses, opportunity quantification, financial projections and capital adequacy calculations in order to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines.

The role holder is expected to maintain the MIS system and generate periodical analytical reports to facilitate decision making. The role includes liaising with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by senior management to support informed decision making.

Roles & Responsibilities

• Perform financial and accounting related activities in a timely manner.
• Manage day to day operations to ensure the processes are executed within agreed SLAs.
• Perform month end closing activities such as revenue accounting, expense accounting, account reconciliation, etc.
• Manage account payables and receivables activities, credit and collection activities.
• Contribute to the preparation of the budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
• Design and review fiscal policies.
• Undertake regular self-assessments to ensure all new risks are actively managed and mitigated.
• Work closely with Technology to ensure that systems are developed to accommodate regulatory requirements and process improvements.
• Ensure all operational documentation is maintained and is best in class.
• Ensure financial and accounting reports are prepared in accordance to bank/regulatory rules and regulations.
• Maintain accurate financial data and reports for submission to senior management.
• Address financial issues and inquiries in a timely manner.
• Prepare daily cash flow reports and register all outstanding payment records.
• Participate in regular audits and recommend corrective financial action plans.
• Analytical review of the Financials for decision making.
• Establishment of a properly staffed and appropriately trained Finance function.
• Capture and share best- practice knowledge amongst the team.