Cost Analyst

3 weeks ago

Mumbai, Maharashtra, India Nuvama Group Full time

We are seeking a detail-oriented and analytical professional to join our Finance team as a Cost Analyst. The successful candidate will be responsible for conducting in-depth analysis of employee-related expenses, operational overheads, and other cost drivers. This role is integral to identifying cost-saving opportunities and supporting strategic decisions that drive profitability and efficiency across the organization.

Functional Responsibilities:

  • Analyze and monitor employee-related expenses, including salaries, bonuses, incentives, and benefits.
  • Track and evaluate operational costs across functions such as IT, Admin, Legal, and other support departments.
  • Develop and maintain cost models to forecast, track, and report key financial metrics and trends.
  • Support the creation of department-wise annual budgets and business planning exercises.
  • Identify and recommend cost optimization opportunities and assist in implementing cost-control initiatives.
  • Prepare, automate, and present comprehensive cost reports and dashboards for senior leadership and stakeholders.
  • Collaborate with cross-functional teams to ensure accurate cost allocation and financial reporting.

Experience:

3–5 years of relevant experience in cost analysis, financial planning & analysis (FP&A), or management reporting, preferably within the financial services or related industries.

Qualification:

Bachelor's/Master's degree in Finance, Accounting, Economics, or a related field.

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