Senior Analyst - Cost Control - Finance - Bangalore, India

4 days left

Mpower Financing
Mar 16, 2024
Apr 18, 2024
Staff, Senior
Work Mode
Work from office
Full Time
Organization Type
Academia, Corporate

MPOWER's borderless loans and scholarships enable students from around the world to realize their full academic and career potential by attending top universities in the U.S and Canada.

As a mission-oriented fintech/edtech company, we move extremely quickly and leverage the latest technologies, global best practices, and heavy analytics to tackle one of the biggest challenges in financial inclusion. We're backed by over $150 million in equity capital from top global investors, which enables fast growth and provides our company with financial stability and a clear path to an IPO over the coming years.

Our global team is composed of former management consultants, financial service and technology professionals, and other experts in their respective fields. We work hard, have fun, and believe strongly in our cause. For us, MPOWER's mission is personal.

As a member of our team, you'll be challenged to think quickly, act autonomously, and constantly grow creatively in an environment where fast change and exponential growth are the norm. Ideation and implementation happen very quickly. We value feedback and emphasize personal and professional development by providing the resources you need to further your skills and grow with the company. MPOWER is committed to cultivating your strengths and curiosity and helping you make an immediate impact.

MPOWER has been named one of the best fintechs to work for by American Banker for the past 5 years in a row.. We are honored to be nominated by multiple agencies and publications for our leadership in Tech, diversity and social impact. We pride ourselves on being a "growth company for grown-ups," where there are no pool tables but rather great health, education, and maternity/paternity benefits instead. Our team diversity has been recognized as well; we're one of the most diverse workforces in the world in terms of nationality, gender, religion, age, sexual orientation, and educational background.



You will be responsible for implementing MPOWER's cost control measures across departments, optimizing spending, and ensuring adherence to budgetary policy. The ideal candidate will be providing Financial Planning and Controlling expertise by compiling and analyzing metrics, identifying and understanding trends in costs for our rapidly growing business, and partnering with our functional heads in planning and implementing our cost-control measures. Your responsibilities will include, but are not limited to:
  • Working closely with procurement and vendor management teams to negotiate advantageous contracts and pricing terms, minimizing procurement costs while maintaining quality and service levels
  • Collaborating with cross-functional teams (Payroll, HR, Marketing, Analytics, Credit, Strategy) to oversee all expense, P&L line items and related balance sheet activities
  • Developing company forecasts based on strategic and marketing plans, incorporating business assumptions, and providing comprehensive reporting of actuals against forecasts, including variance analysis and cost tracking
  • Creating and managing sophisticated financial models to support decision-making processes for the finance and leadership team

  • Graduate degree in Business, Finance, Accounting, Economics or another quantitative field
  • Professional qualification preferred (CA, CPA, CFA, CMA, CA Inter)
  • 4+ years of experience within the Finance function of a fast-paced, tech-driven company or with relevant experience in management consulting, investment banking, or corporate finance
  • Knowledge of financial and accounting best practices, including Generally Accepted Accounting Principles (GAAP)
  • Proven ability to execute and drive results with cross-functional teams
  • Good experience with Advanced Excel and PowerPoint
  • Experience in Analytical and reporting tools like Salesforce CRM, Tableau (preferable, but not mandatory)
  • Superior verbal and written communication, presentation and facilitation skills

A passion for financial inclusion and access to higher education is a must, as well as comfort working with a global team across multiple time zones and locations!

In addition, you should be comfortable working in a fast growth environment, meaning a small agile team, fast-evolving roles and responsibilities, variable workload, tight deadlines, a high degree of autonomy, and 80-20 everything.