SM - Cost Control Team

Axis Bank; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

Axis Bank in Mumbai is seeking a cost management professional to own and drive cost-reduction initiatives, collaborating with stakeholders across the organization and presenting weekly progress to senior management.

You will prepare monthly master data, trends, forecasts and variance analyses, ensuring accurate cost allocation and adherence to the Capex framework. Proficiency in Microsoft Office and familiarity with Tableau is desired.

Qualifications

• 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

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

MS Office

Tableu

Financial reporting

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