Job Description
COST CONTROL TEAMINTERNAL USAGE: (to be removed before publishing externally)No. of Vacancies:1Manager:Merwyn DsouzaIs a Team leaderNoTeam Size:9Grade:Business:Corporate BankingDepartment:Finance and AccountsSub-Department:Cost controlLocation: Mumbai COAbout Finance and AccountsThe Finance & Account department in Axis is responsible for planning, organizing, auditing, accounting and controlling the Banks finances. The finance department produces the companys financial statements and is responsible for compliance with government norms and tax filingsAbouttheRoleThis Cost Control team is responsible for all aspects of cost budgeting, reporting and forecasting activities. This team is also responsible for equitable cost allocation across various segments. The deliverables include interaction with senior management on variance analysis, budgetary control and project updates.Key ResponsibilitiesResponsible for conceptualization of cost reduction ideas and its implementation, work with stakeholders across the organization. Present the weekly progress to senior management.Prepare monthly master data / trends, cost reports forecasts, BITE reports, presentations and Peer bank comparisonsEnsure accurate cost allocation every month.Ensure analysis of variances on monthly basis vs previous month/ period and budget & make the presentations for review at senior management level.Ensure adherence to Capex framework, assessment of proposals & highlight deviations in monthly reporting to management.Responsible for the integration of Cost Framework in P2PEnsure collation / summarization of cost budget on quarterly/annual basis. Work on presentations for management analysis/review.Participate in automation initiatives for the function.QualificationsOptimal qualification for success on the job is:Chartered accountant with 3 years of experience with reputed financial institutions (Banks / NBFCs/ Insurance companies preferred).Role Proficiencies:For successful execution of the job, the candidate should possess the following:Knowledge of Microsoft Office (including PowerPoint, Excel & Word) and Tableu (desired)Knowledge of financial reporting and ability to work with financial dataDemonstrate management control of delegated tasks
💡 Quick Summary
Seeking a career-building opportunity? The Finance & Accounts:Cost Control position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.