Cost Analyst

3 days ago

Mumbai, India Corenza Talent Management Private Limited Full time

Position: Cost Analyst

Experience: 36 years

Job Type: Full-time


Job Summary


We are seeking a proactive and analytically strong Cost Analyst to join a leading, publicly listed Non-Banking Financial Company (NBFC) backed by a major conglomerate. This role is essential for rigorous financial management, focusing on cost analysis and reporting across all business and functional verticals (Urban Finance, Farmer Finance, SME Finance, and Rural Business Finance). You will be responsible for meticulous P&L tracking, comprehensive variance analysis, and identifying strategic cost optimization Responsibilities

- Cost Reporting & Analysis: Prepare detailed and accurate Cost Reports for all business and

functional verticals across the organization.

- P&L Management & Investigation: Conduct monthly tracking of P&L expenses. This includes deep-dive investigation of material breaks, performing root cause analysis, and collaborating

with various departments to understand and fix gaps affecting cost figures.

- Variance Analysis & Forecasting: Expertly perform comprehensive variance analysis and provide clear, articulate explanations against budget figures, forecasts, and prior reporting periods.

- Budgeting & Forecasting: Lead the preparation and maintenance of yearly detailed budgets and mid-year forecasts under different business scenarios, diligently comparing planned figures with actual performance.

- Cost Optimization: Proactively identify and recommend Cost Optimization opportunities by conducting detailed analysis of specific expense and cost line items.

- Management Reporting: Prepare and maintain comprehensive Cost Dashboards for review by senior management, translating complex data into actionable insights.

- Ad-hoc Analysis: Conduct various ad-hoc analyses and efficiently address emerging issues or challenges encountered during the regular reporting process.

- Liaison: Act as a key liaison with different functional and business departments to gain a thorough understanding of all aspects affecting operational Proven professional experience (typically 3-6 years) in a finance or accounting role,

with a strong focus on cost analysis and management Skills: Strong proficiency in financial reporting, P&L analysis, budgeting, and forecasting Proficiency: Advanced proficiency in Microsoft Excel for data modeling and analysis. Experience with large-scale ERP systems or financial reporting tools is highly Skills: Exceptional ability to perform detailed variance analysis, identify root causes of discrepancies, and propose actionable Excellent interpersonal skills for effectively liaising with multiple departments and strong communication skills for presenting complex data to Skills: Experience working within the NBFC, Banking, or Financial Services sector.


(ref:iimjobs.com)

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