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Analyst-Cost & Budgeting

idfc first bank
United Kingdom
Competitive Salary
Closing date
Feb 13, 2024

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Job Role
Contract Type
Full Time

Job Title:
Analyst-Cost & Budgeting

Business: Retail Banking

Function/ Department: Retail Liabilities

Place of Work: Mumbai

Job Purpose

In next few years, we want to grow our liabilities book by at least 4-5x. In line with overall strategy of the bank, we will build and scale up truly transformational digital, analytics and organizational capabilities which will enable us to acquire high quality customer base and then build deep banking relationship with them to drive this growth. Our intent is to go to market and differentiate our product in the market on the back of the experience and engagement delivered through this channel for our customers.

Roles & Responsibilities

  • Lead overall business planning and monitoring, including budgeting, revenue realization, and cost management for RL
  • Collaborate with stakeholders to establish financial targets, revenue projections, and cost management strategies for RL
  • Monitor and evaluate the financial performance of RL, ensuring that it remains in line with budgeted targets and financial forecasts
  • Identify areas of improvement or cost-saving opportunities and provide recommendations to optimize the financial performance of RL
  • Work closely with business finance team to monitor the actual realization of revenue and costs
  • Compare the actual financial performance against the budgeted targets and identify any discrepancies or variances
  • Conduct regular financial reviews and performance analysis, highlighting areas of concern and recommending corrective actions if necessary
  • Provide financial insights and recommendations to the business finance team and other stakeholders for informed decision-making

Key Success Metrics

Co-own key servicing metrics such as % service requests handled, TAT, # of escalations. ]]>

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