Financial Planning & Analysis Leader (AVP) for MNC Bank

Corporate Access
  • Mumbai
  • 15-25 lakh
  • 8-10 years
  • Views
  • 26 Apr 2017

  • Finance/ Accounts

  • Banking - Retail
Job Description

An excellent opportunity for individuals seeking a career within Company's group and more specifically within the Finance Division.

The purpose of the role will be to perform key activities (as described below) supporting the Planning and Analysis (P&A) function, across all products and countries.

The goal is to migrate FP&A activities performed across various locations globally and to consolidate them in Mumbai

Overtime, the teams would:
- drive the standardisation and improvement of
activities to generate efficiency and re-engineering
- provide analysis and insights into Business results

Job Background/context:

Company is the leading global financial services company with some 200 million customer accounts. It does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage and wealth management.

Planning & Analysis is part of the Finance division and provides financial and related business information to Company management to allow them to make informed business decisions and set key strategic goals. This includes weekly and monthly management reporting, Budgeting, Outlook & Forecasting and preparation of analysis to the support decision making

Mumbai FP&A COE will be an integral part and key partner of the core FP&A team

Development Value:

Opportunity to join one the leading financial Institutions in the world which prides itself on people development and mobility
The role also provides a fantastic opportunity to build a career within the Finance Division and gain a holistic and deep knowledge and understanding of various businesses in Company
Interaction with people at all levels from different areas of the organisation (finance, business and infrastructure)
The role provides a diverse and varied work coverage including monthly reporting, presentations, forecasting and ad hoc analysis
Opportunity to work in a matrix organisation working with regional and country teams

Good financial analysis and management reporting background having 8 + years of prior work experience
Experienced in Microsoft Office (including PowerPoint, Excel, Word & Access)
Experience of working with financial data and knowledge of financial reporting tools. Essbase, Business Objects would be a plus.
Interest in business and economic environment

Exposure to COE environment/organization would be essential


Effective communication skills
Strong analytical and problem solving skills
Attention to detail is an essential part of the job
Adaptability, multitasking and project management skills
Demonstrate an ability to learn and desire to develop and improve by challenging status quo
Interpersonal skills (ability to work with colleagues at all levels across multiple locations)
Time management & organisational skills
Good teamwork skills
Flexibility able to react quickly to changing priorities and timelines
Takes responsibility and demonstrates ownership of issues
Demonstrating management control of delegated tasks
Key Responsibilities (covering a multitude of roles):

Performance Measurement and Related Analytics:
Analysing, investigating and explaining key movements and trends in major P&L lines
Preparation of monthly financial metrics and key business drivers specific to different products
Reviewing processes and suggesting/ implementing improvements & changes to current procedures

P&L & Headcount Reporting / Analytics:
Preparation of various P&L & Headcount reports and ensuring timely adherence to deadlines
Monthly variance reporting and reporting of any issues, risks & opportunities, Flash reporting (pre- month end estimates of expenses)
Monthly management reporting, updating reporting decks & management reviews with Finance Management as required

Weekly Estimate Process:
Assist in preparing weekly financial estimates for various products together with a geographic view
Assist region products in preparing estimates
Consolidation of regional Companycorp results

Budgeting and Forecast Process:
Working with Country & Regional Managers to create and review quarterly forecasts and annual financial plans, including reporting & analysis to explain changes against given baselines

Month End Reporting activities:
Assist in key month end activities which provides oversight of completeness and accuracy of underlying management information
Support various teams with key Management reporting as appropriate
Reviewing financials on a daily basis during the month-end period and reporting issues to finance management, comparing Actual to plan/ forecast/ prior period to ensure correct month-end close & investigating unusual postings and/ or escalating with Countries
Working as part of a diverse team spread across the region, Interaction with a wide range of people and exposure to Regional /Global Finance Owners

Team Management:
Ability to lead and drive a team of more than 4-5 FTE
Has a Proactive approach to problem solving
Sound Decision making skills
Result Oriented
Ability to generate re-engineering ideas as part of the normal business work

Competencies/Skill sets for this job

Financial Planning Finance Analysis

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