Finance Cost Analyst

1203 Barclays Global Serv. Cent; Dadri; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Barclays is seeking a Finance Cost Analyst to provide financial expertise and support to various departments by gathering, analysing and interpreting financial data to inform investment decisions, assess risks, and support strategic planning.

Based in Gurugram/Noida, this role emphasizes risk and controls, financial forecasting, and close collaboration with multiple business units to drive financial performance.

Qualifications

• Develop and implement financial strategies, plans and budgets for business units.
• Develop financial models to forecast future performance and assess risks.
• Collaborate across functions to provide financial insights to stakeholders.
• Identify opportunities and implement financial process improvements.

Responsibilities

• Deliver end-to-end finance reporting to shape strategy.
• Forecast forward-looking projections and scenario analytics.
• Manage monthly financials and variance analyses with commentary.
• Support cost allocation understanding and risks & opportunities management.
• Provide analysis to support business decisions and financial strategy.
• Coordinate with FBPs, BMs, PMs and Centres of Excellence.

Skills

Financial analysis

Cross-functional

Risk management

Stakeholder management

Job description

Job Description Purpose of the role To provide financial expertise and support to specific business units or departments within the organisation, and act as a liaison between the finance function and various business units, helping to bridge the gap between financial data and business decisions.

Accountabilities

• Development and implementation of business unit financial strategies, plans and budgets, using insights to evaluate the financial implications of strategic initiatives and recommend appropriate actions.
• Development of financial models to forecast future performance,assess investment opportunities,and evaluate financial risks for business units, and to analyse the impact of business decisions on financial performance and provision of recommendations.
• Cross functional collaboration to provide financial insights and guidance to business unit stakeholders.
• Identification of opportunities and implementation of financial process improvements that streamline financial operations.
• Support to business units in identification,assessment,and mitigation of financial risks, including provision of training and guidance to business units on financial risk management and compliance practices.
• Analysis and presentation of financial data to provide insights into business performance,identify trends,and support decision-making.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise Thorough understanding of the underlying principles and concepts within the area of expertise.
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard.
• The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
• Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join Barclays as a Finance Cost Analyst, where to provide financial expertise and support to various departments and business units within the organisation by the gathering, analysis and interpretation of financial data to inform investment decisions, assess financial risks, and support strategic planning.

To be successful in this role, you should have below skills:

• Deliver end-to-end Finance reporting that enables management to proactively shape strategy.
• Support full set of forward looking Financial projections (MTP), Outlook, Transfers, scenario analytics & Change the Bank (CTB) portfolio analytics.
• Management of Profit Centres hierarchy and submission of Billing rules.
• Close monitoring of monthly financials at various levels and variance analysis with drafting commentaries for reviews with Senior FBPs and stakeholders.
• Supporting cost allocation understanding and risks & opportunities management.
• Providing the analysis to support business decisions and financial strategy for the Transaction Cycle/Function, ensuring delivery is to plan and budget, supporting the bank’s overall business strategy and cost base objectives.
• Work with FBPs, BMs, PMs and Business to deliver the monthly financials.
• Working directly with the Cost Ledger CoE & Project CoE to understand the GL postings each month and to ensure the month end is done in a timely manner.
• Work with the Centres of Excellence to ensure full alignment to BX operating model.
• Provide the analysis and support the drafting of insights & commentary of current & Outlook financials (including Capacity Creation) with clear linkages to drivers (Inc. weekly, Finance surgeries & QBR).
• Provide extensive support in managing the Monthly and Quarterly Business reviews including MI preparation and walkthrough.
• Provide analysis and insights including WF, Cost, fully loaded services costs and managed.
• Prepare any reporting requirements.
• Support the creation of the annual plan and be responsible for making updates during the regular RAF cycles including.
• Support in updating the central planning tool during the annual plan and updates to RAF.
• High quality, consistent and standardised offering with complete ownership of the numbers.

Some other highly valued skills may include below:

• Month End Management.
• Variance Analysis.
• Stakeholder Management.
• Financial reporting – Managed and Consumed.
• Planning & Outlook.
• Identification and quantification of risks & opportunities.
• Flash financials/commentaries submission.
• Business Rules set up and changes.
• Projects financials reporting and management.
• Queries management-Audit, FC & others.
• Coordination with various CoEs.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills. This role is based in our Gurugram/Noida office. Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.