Cost Manager

RIverForest Connections Private Limited
  • Mumbai
  • Confidential
  • 5-10 years
  • Views
  • 22 May 2018

  • Audit and Assurance

  • Banking - Retail
Job Description

KEY RESPONSIBILITIES Expenses covered for analysis a. Printing and Stationery b. Postage c. DSA Cost d. Facility Management 1. Expenses showing abnormal variances are analyzed at GL level by reviewing the vendor dump, CRS provisions, FAG adjustments, trends, drivers, etc. 2. Further analysis takes place as per the requirement of Senior Management while reviewing the OPEX Analysis. Cost Center Templates 1. This activity involves in analysis of the cost budget numbers provided by businesses. The numbers viewing abnormal is considered only after receiving justification basis trends, income budget, productivity, competition, mandate from RBI or senior managements, etc with requisite Group Head approvals. Branch Banking Budgets 1. Preparing branch level budgets for branch banking cost centers. Budgeting basis quarterly sanctioned staff and past trends for expenses related to staff and transactions respectively. ADFC Manpower Cost Budget 1. Budget prepared for existing and additional ADFC employees basis average monthly salary which includes the impact of yearly bonus, increment and performance awards. 2. The focus of this program is to prepare a more realistic cost budget that is in line with the trend by engaging business, MIS teams, functions, etc. Expense Level budget 1. Budget for dealing room expenses Monthly Provisioning 1. Provisioning for expenses related to Printing and Stationery and Postage on monthly basis. Desired Candidate Profile:  Skills Required: CA OR MBA Good Knowledge on Cost Management Variance Analysis, Expense Management Budgeting, Forecasting Atleast 5+ Years of experience


Job Posted By

Kavita Shermon
Associate Director