Senior Associate/Associate, Specialist - Fin Reporting & Accounting

4 days left

Employer
DBS
Location
India
Posted
Nov 26, 2024
Closes
Dec 17, 2024
Ref
4801636225
Certification
CMA: Preferred
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Senior Associate/Associate, Specialist - Fin Reporting & Accounting

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Responsibilities

This position is responsible for handling end to end Budgeting process in the organization. Regular review of Actuals costs v/s Budget & Forecast and drawing analysis of variances and reasons for the same. Have deep dive understanding of various costs incurred and should be able to correctly forecast expenses for future periods based on current trend. Would be the face of Finance and working with local PMOs and Regional Finance teams. Should be able to advice like a consultant, to businesses on various aspects of key costs. Work on deriving Rate card for each line of business and should have expertise in reviewing reason for Under and Over Recovery of costs. Should be able to deep dive and analyze the various costs, trending, and comparing with similar cost items across businesses. Should have expertise in preparing presentations and be able to articulate well in front of Business heads. Should have understanding of Hyperion tool and should have an expert knowledge on advance excel skills. Should be a good team player and willing to collaborate within the Finance team. Should be able to take lead for adhoc initiatives and take ownership end to end. Should have very good communication skills and experience of working in MNC organisations, interacting with teams outside India.


  • Monthly Financial reviews with the LOBs.

  • Monthly analysis of actual costs against budget/forecast nos.

  • Monthly computation/analysis of Over/Under Recovery, LOBwise.

  • End to end responsibility in Budget/Forecast submission.

  • Collaborate with LOBs/teams within entity.

  • Initiatives for process improvements - automation, simplification, etc.



Requirement


  • Monthly preparation of financial data for review with LOBs within the resp due date.

  • Detailed analysis/trending of costs, comparison with budget/forecast, comparison between LOBs on a monthly basis, within resp due dates.

  • Co-ordination, preparation and submission of Budget/Forecast within the timelines.

  • Track and monitor the Over/Under Recovery of costs LOB wise on a monthly basis.

  • Detailed analysis/comparison of LOB vendor costs monthly - vendor-wise, LOBwise.

  • Help compute the billing rate and analyze better/worse off position

  • Support in billing activities

  • Support in month end activities like LOB vendor accruals.

  • 5-10 years hands on experience in FPA, General Finance and accounting, Budgeting & Forecasting

  • Qualified B.Com+ (MBA Finance/CA/CMA)