Manager/ Senior Manager - Cost Controller

Employer
PayU
Location
India
Posted
Apr 08, 2024
Closes
Apr 21, 2024
Ref
4640464691
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
About PayU

PayU, a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world is redefining the way people buy and sell online for our 300.000+ merchants and millions of consumers.

As a leading online payment service provider, we deploy more than 400 payment methods and PCI-certified platforms to process approximately 6 million payments every single day.

Thinking of becoming a PayUneer and you are curious to know more about us? Read more about the life in PayU here

Job Purpose:

The Manager/ Senior Manager will oversee and manage the cost

control system, lead and facilitate initiatives to lower costs, track key performance

indicators related to cost and foster a cost-conscious culture within the organization

Key Responsibilities:
  • Understand cost structure of the organisation, allocate expenses accurately and develop a cost monitoring system which would enable quick retrieval of cost information at granular level.
  • Collaborate with accounting department for accurate financial reporting and cost booking
  • Identify direct and indirect costs, analyse cost drivers, and understand the factors that contribute to expenses
  • Identify any deviations from budget, take corrective measures promptly and ensure that costs remain within a decided limit
  • Prepare budgets by Cost centre, provide detailed analysis and commentary on variances against budget by cost centre
  • Develop and implement cost control strategies and processes collaborating with the respective businesses
  • Present to senior management a detailed analysis of costs, the opportunities to optimize and create relevant dashboards - ensure accuracy in key metrics
  • Lead and facilitate initiatives to lower costs, Review and improve existing processes and procedures
  • Create/update an expense policy, create an approval process for expenses which would include setting spending limits, and implementing monitoring systems to detect any potential financial irregularities
  • Foster a cost-conscious culture within the organization by promoting cost awareness, accountability, and responsibility at all levels. Encourage employees to contribute cost-saving ideas.
  • Own group-level financial reporting on a monthly basis and address related queries to costs.
  • Conduct variance and trend analyses to help businesses track financial performance.
  • Improve performance by evaluating processes, driving efficiencies, and understanding Return on Investment (ROI) in strategic initiatives.
  • Prepare performance reporting materials for Board and external stakeholders.
  • Utilize Business Intelligence (BI) tools to deliver insights into business performance, working with the analytical team on report generation and dashboard creation.
  • Manage and approve cost-related expenses, ensuring that Purchase Requisitions(PRs) align with the budget before approval.

The common skills and attributes needed for this role include:
  • Minimum of 8-12 years of relevant financial analytical experience
  • Significant analytical skillset, including the utilisation of BI and reporting tools
  • Strong quantitative abilities
  • Strong knowledge of power point, excel
  • Ability to solve complex problems
  • Excellent communication skills with ability to build relationships
  • Strong influencing and interpersonal skills
  • High level of commercial acumen
  • Professional qualification - CA /MBA
  • Prior Experience of SAP would be desirable

About us

At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online. Being part of Prosus, one of the largest technology investors in the world, gives us the presence and expertise to make a real impact. Find out more www.payu.com

Our Commitment To Building A Diverse And Inclusive Workforce

As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive and safe environment, for all of our people, communities and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility and unbiased attention to each and every PayUneer so they can succeed, irrespective of gender, color or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities or the LGBTQ communities.