Lead - Cost Management

4 weeks ago

India NMD Placement Consultancy Pvt. Ltd. Full time

Job Description - Lead - Cost Management is a pivotal role for optimizing the cost structure of the Bank for allocated Departments. - This position requires a combination of financial acumen, operational insight, and strong communication skills to successfully manage costs, improve efficiency, and contribute to the division's overall financial performance and success. Responsibilities - Analyze & assess the department's operating costs, identifying areas of inefficiency and opportunities for cost reduction. - Monitor & review monthly to track performance against budget. - Collaborate with the business leadership to develop, maintain, and manage the department's budget. - Provide input for financial forecasts & cost projections. - Control & manage day-to-day departmental expenses, including personnel costs, software subscriptions, marketing expenses, and other operational costs. - Identify cost-saving initiatives & implement them to achieve cost reduction targets. - Continuously evaluate vendor performance & consider alternative options when necessary. - Work closely with departmental management to identify opportunities to streamline processes and reduce operational costs. - Implement process improvements and oversee their successful execution. - Allocate costs to specific business units or product lines within the allocated divisions, helping to pinpoint areas with the highest expenditure. - Develop cost allocation methodologies that reflect actual resource consumption. - Ensure adherence to cost control policies & compliance with relevant regulations in the retail assets space. - Prepare & submit regular reports on cost management to departmental and senior management. CTC MAX 30 L SUBHADEEP 9830203229

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