Deputy Manager: Cost Control Team

Axis Bank; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Axis Bank is seeking a cost optimization professional to conceptualize and deliver cost reduction initiatives. You will work with stakeholders to implement ideas and present weekly progress to senior management.

Responsibilities include monthly cost reporting, variance analysis, and ensuring accurate cost allocation across the organization, with a focus on Capex and automation initiatives.

Qualifications

• Experience in cost reduction and financial reporting.
• Ability to analyze variances and present findings to senior management.
• Proficient with Microsoft Office; Tableau is a plus.

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.
• Responsible for the integration of Cost Framework in P2P
• Ensure collation / summarization of cost budget on quarterly/annual basis. Work on presentations for management analysis/review.
• Participate in automation initiatives for the function.

Skills

Cost analysis

Presentation skills

Management control

Analytical thinking

Tools

Microsoft Office

Tableau

Job description

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.
• Responsible for the integration of Cost Framework in P2P
• Ensure collation / summarization of cost budget on quarterly/annual basis. Work on presentations for management analysis/review.
• Participate in automation initiatives for the function.

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

• Knowledge of Microsoft Office (including PowerPoint, Excel & Word) and Tableu (desired)
• Knowledge of financial reporting and ability to work with financial data
• Demonstrate management control of delegated tasks