Key Cost Management Professional

6 days ago

Chennai, Tamil Nadu, India beBeeManager Full time ₹ 15,00,000 - ₹ 20,00,000
Job Title: Associate ManagerKey Responsibilities:

The Associate Manager will oversee and provide ongoing management direction for all processes and activities related to Cost Analytics.

The incumbent will drive SCB's cost and competitive analytics, including benchmarking efforts and market intelligence.

They will develop forward-looking projections to compare SCB's performance against peers, incorporating industry trends.

The Associate Manager will partner with Global Process Managers and leaders to design and implement standard global processes for cost management.

They will track implementation effectiveness and identify gaps in cost management processes.

The team will lead the development of a strategic roadmap for the Cost CoE, focusing on capabilities like modeling, efficiency tracking, business partnering, and end-to-end cost visibility.

Business Objectives:
  • Engage senior stakeholders and CFOs to align on improvements/enhancements in cost management processes.
  • Identify pain areas in cost management and recommend solutions to improve efficiency and effectiveness, including technology-related aspects.
  • Ensure agreements and targets are met/exceeded, fostering a culture of continuous process and efficiency improvement.
  • Deliver on annual productivity and cost savings targets.
  • Explore opportunities for cost migration, building cases for end-to-end migration across countries.
  • Collaborate with business and country CFOs to drive cost savings and efficiency.
  • Contribute to the strategic development of the center and support the GFS collective agenda.
Skills and Qualifications:

The successful candidate will possess the following skills and qualifications:

  • Cost Management
  • Financial Performance Reporting
  • Cost Booking and Allocation Practices
  • Business Finance
  • Financial Statement Analysis
  • Strategic and Analytical Mindset
  • Multitasking and Leadership in Ambiguities

Requirements include a degree in Finance, Accounting, or a related field. MBA or relevant professional certifications are a plus.

A mature finance professional with relevant experience in the financial services industry is required.

Extensive experience in corporate banking products, accounting treatments, and cost performance reporting is necessary.

Strong FP&A background with the ability to connect business drivers to the performance management process is essential.

Proven track record of working with senior management and influencing stakeholders is required.

Ability to work under pressure, multitask, and lead in ambiguous situations is crucial.

Strong leadership and team management abilities, capable of securing confidence and respect, are necessary.

In-depth understanding of financial statements, business performance management, and decision-making processes is required.

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