Financial Analyst

About the Role

• Job Title: Financial Analyst
• Department: Human Resources
• Location: RO
• Type of Position: Full-time
• Reports To: REC Head

Key Responsibilities

• Regional Budgeting & Forecasting:
• Business Budgeting
• Expense Budgeting
• Tracking of performance against budget in each product and business line.
• Overall Business Analysis:
• Sales
• Profit Line
• Growth Line
• Performance Analysis
• Efficiency Parameters (Form Flow, TAT, Productivity)
• Evaluating each Bank Outlet Performance
• Regular Reviews with HO post regional review
• Financial Review
• Profitability Analysis
• Each Product Line Analysis
• Each Business Line Analysis
• Region Analysis
• Monitoring:
• Audit Score and its resolution in the region
• Customer Satisfaction Score and ways to improve
• New Initiative implementation and monitoring
• Reporting: Publishing Monthly performance report to the Leadership team.
• Facilitating Regulators and Investors Visits/Industry Partners:
• Support in study
• Assessment or Evaluation
• R&R for the region
• Branch Scorecard and its performance
• Cost Expenditure Analysis
• Department-wise Productivity Analysis and keeping regional stats updated.
• Product Improvement: Connect with each Product, understand their improvement plan, and formulate remedial action plans for laggard products.
• Industry Analysis and Competitor Study: Conducting competitor and industry analysis in partnership with sales and marketing teams. Tracking competitors closely and proposing key takeaways.
• Business Planning and Budgeting: Preparing long-term business plans, business strategy, yearly business budgets & forecasts in collaboration with Business teams.
• Tracking of Business & Revenues: Publishing and analyzing relevant dashboards highlighting business performance against targets/budgets. Analyzing performance of different business units, highlighting performers and non-performers. Assisting business leaders in developing action plans for non-performers. Tracking revenues.
• Branch Profitability: Publishing analysis on profitable/non-profitable verticals, branches, etc., to the regional leadership team.
• Customer Complaints: In coordination with SQ, analyzing top customer complaints and proposing action plans for concerned departments/clusters/states.
• Guidance: Guiding Operations, IT, and Business teams for any needful actions pursuant to new requirements or changes in existing requirements per law.
• Customer Satisfaction Analysis: Publishing dashboards on key customer service indicators like TAT, FTNR, Error Rate, etc.
• Exit Clearance: Exit clearance of exited employees through HR Sathi.
• Process Improvement: Understanding current processes and suggesting improvements for efficiency. Developing and reviewing new business processes as per strategic goals.
• Cost Management and Cost Control: Tracking costs of various verticals against budget, performing variance analysis, and suggesting cost optimization alternatives.
• Audit Coordination: Highlighting defaulting departments with >90 days open issues in coordination with Audit.
• Vigilance Coordination: Sharing analysis on trends of snatching/customer fraud/staff fraud and recommending suitable actions in coordination with concerned stakeholders.
• Meeting Coordination: Coordinating and organizing major regional meetings (RLT, REC, State Leader Meeting). Publishing minutes and tracking open items.
• GPTW Score Analysis: Analyzing GPTW scores in the region in coordination with HR and assisting in POA execution.
• Industry Trend Awareness: Keeping abreast with industry trends, highlighting key developments in product needs or policy changes.
• Regional Project SPOC: Acting as SPOC for regional projects & initiatives.

Requirements & Tech Stack

• MS Office (Expert in handling voluminous data & hands-on experience)

Qualifications

• Educational Qualifications:
• B. Com. or equivalent.
• MBA / PGDM preferred but not mandatory.
• Certifications: NA
• Functional Skills:
• Strong accounting/ financial background.
• Behavioral Skills:
• Adequate analytical skills.
• Keen learning ability.
• Strong verbal and written communication.
• Time Management skills.
• Crisis Management skills.
• Strong negotiation skills.
• Competencies:
• Planning & Organizing
• Driving Execution
• Collaboration

Key Interactions

• Internal: REC Head, Regional Managers, Finance and Accounts Team
• External: Vendors