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Tier-1 bank and metro location increase applicants, but specialized cost-management reduces density.
Role requires banking-specific cost allocation, ERP/BI and product knowledge, limiting cross-industry transferability.
Mandatory 10+ years, CA/MBA preference, and specific banking ERP/BI tool requirements raise selectivity.
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Own overall cost oversight, budgeting, forecasting, and cost performance tracking across all business and support units.
Drive strategic cost management initiatives, including cost optimisation and operational efficiency improvements, collaborating with various internal teams.
Lead cost analytics and cost allocation methodology, providing transparency and presenting insights and optimisation opportunities to senior management.
Minimum 10 years post-qualification experience in Cost Management.
CA and/or MBA Finance from premier institutions.
Thorough working knowledge of MS Excel; hands-on exposure to ERP (preferably PSGL) and BI tools (preferably Hyperion).
Location requirement: Mumbai.
Experienced professional with strong expertise in cost drivers and budgeting within commercial banking sector.
Capable of independently managing complex cost assumptions, budgeting including project costing, and challenging cost projections.
Skilled in strategic thinking, with exposure to accounting systems, cost accrual concepts, and business partnership across finance and banking units.