Financial Analyst

Job Description:

Role Purpose & Objective:

• Regional budgeting and forecasting
• Business budgeting
• Expense budgeting
• Tracking of performance against budget in each product line 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 of audit score and its resolution in the region
• Customer satisfaction score and ways to improve the customer satisfaction quotient
• New initiative implementation and monitoring
• 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 and be aware of their improvement plan; remedial plan of action for laggard products

Key Duties & Responsibilities of the Role:

Business/ Financials:

• Industry analysis and competitor study: conducting a competitor study and industry analysis in partnership with sales and marketing team; tracking competitors closely and proposing key takeaways
• Business planning and budgeting: preparing long-term business plans, business strategy, yearly business budget, and forecasts in collaboration with the business teams
• Tracking of business and revenues: publishing and analyzing relevant dashboards highlighting the performance of the business against the target/budget; analyzing the performance of different business units and highlighting performers and non-performers; assisting business leaders in developing an action plan for non-performers; tracking revenues
• Branch profitability: publishing analysis on profitable/non-profitable verticals, branches, etc. to the regional leadership team

Customer (Both Internal & External):

• In coordination with SQ, analyze top customer complaints and come up with POA for concerned department/cluster/state
• Guide operations, IT, and business teams for actions to be undertaken pursuant to any new requirements or changes in existing requirements per law
• Analyze customer satisfaction: publish dashboard on key customer service indicators like TAT, FTNR, error rate, etc.

Internal Process:

• Exit clearance of exited employees through HR Sathi
• Process improvement: understanding the current processes followed by the bank and suggesting improvements to develop efficiency; also developing and reviewing new business processes as per strategic goals
• Cost management and cost control: tracking the costs of various verticals against budget and performing variance analysis; suggesting alternatives to optimize costs incurred to improve profitability
• Audit: highlighting defaulting departments with more than 90 days open issues in coordination with audit
• Vigilance: coordinating with vigilance and sharing analysis on trends of snatching, customer fraud, and staff fraud; recommending suitable action in coordination with concerned stakeholders

Innovation & Learning:

• Coordinate and organize major meetings in the region - RLT, REC, state leader meeting; publish minutes and keep track of open items
• Analyze GPTW score in the region in coordination with HR and help execution of POA in coordination with RHR and REC
• Keep abreast of industry trends and highlight key developments in terms of product need or policy change
• Act as SPOC for regional projects and initiatives

Minimum Requirements of Knowledge & Skills:

Educational Qualifications:

B. Com. or equivalent. MBA / PGDM preferred but not mandatory.

Experience Range (Years and Core Experience Type):

0-1 year

Functional Skills:

• Strong accounting/financial background
• Expert in handling voluminous data
• Hands-on experience with MS Office

Behavioral Skills:

• Adequate analytical skills
• Keen learning ability
• Strong verbal and written communication
• Time management skills
• Crisis management skills
• Strong negotiation skills

Competencies:

• Planning and organizing
• Driving execution
• Collaboration

Key Interactions:

Internal:

• REC Head
• Regional Managers
• Finance and Accounts Team

External:

• Vendors

Skills

Accounting, Finance, Financial, MS Office