Lead: Enterprise Cost Management

2 days ago


Mumbai, India Nuvama Group Full time

Purpose of the role:We are seeking a detail-oriented and analytical professional to join our Planning & Strategy team as a Lead - Enterprise Cost Management. The successful candidate will be owning in-depth analysis of capex commitment, long-term cost commitments, employee-related expenses, routine opex, 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.Experience: 8–10 years of relevant experience in cost analysis, FP&A or management reporting, preferably within the financial services or related industries.Responsibilities:- Develop and execute the expense/capex approach for entire Nuvama group.- Own the annual expense budgeting exercise - creating the department-wise cost budgets and business plans.- Proactive involvement in long-term opex/capex commitments & regular monitoring against committed costs- Provide meaningful insights on cost optimisation measures and lead in implementing cost-control initiatives.- Analyse and monitor employee-related expenses and operational costs across functions.- Analyse actual spends vs budget to identify areas of unbudgeted items and initiatives budgeted but not yet spent, ensuring approvals are in place for all unbudgeted items.- Categorize costs into logical buckets - BAU / One-off / Regulatory / Discretionary / Non-Discretionary / Controllable / Non-Controllable / Growth Investments.- Set up expense policy in collaboration with respective functions.- Develop and maintain cost models to forecast, track, and report key financial metrics and trends.- Ensure accurate cost allocation and timely financial reporting.- Benchmark Nuvama spends with peers to identify areas of cost optimisation.- Prepare, automate, and present comprehensive cost reports and dashboards for senior leadership and stakeholders.Quailifications: Finance professional (CA, CA Inter, MBA Finance, ICWA etc.)



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