P&L Manager - Finance - Digital Lending Business - BFSI/NBFC - CA

We have very urgent position in one of the reputed BFSI / NBFC brand :

POSITION - P&L Manager - Finance

REPORTING - Head of Digital Business

LOCATION:- Mumbai ( South Mumbai )

CTC : 12 to 15lacs p.a. approx ( depending upon current package, experience, education, interview status )

JOB DESCRIPTION :

Job Purpose:

Key purpose of the role is to drive financial analysis for the digital lending business (including product-wise, function-wise analysis), month on month P&L management (including analysis w.r.t. budget, variances), identify areas of opportunity for improving business bottom line and implementing key projects towards the same, building the annual operating plan and budget for the business (including product-wise economics).

Dimensions:

Following skills, qualification will be relevant for the job:

- Proficiency in accounts (with CA or equivalent degree)

- Commercial and business awareness (esp. financial services related - lending related will be a plus)

- High numeracy and sound technical skills.

- Problem-solving skills and initiative.

- Ability to influence others.

- Strong attention to detail

- Excellent communication and presentation skills.

- Analytical skills

- Prior relevant work experience of 2-3 years

- The person will currently manage a business P&L of the lending book of INR 2000-3000 Cr, spread across 4-5 key products.

- New revenue and cost line items may get added as the business grows, evolves with opportunities and areas such as cross-sell, systems optimization, partnerships, etc

Job Context & Major Challenges:

- Ability to understand every aspect of loan booking and customer service until loan closure to project and evaluate all cost and revenue line items for every product and the business overall

- Working with functional stakeholders and deep-dive into product wise unit economics

- Competitive analysis for key NBFCs and fintechs (which may or may not be listed) for benchmarking of digital lending economics

Key Result Areas:

Key Result Areas Supporting Actions :

- Monthly provisions management - Tracking of expenses (actual, proposed) every month across all functions

- Monthly P&L management - Validating expenses, income on a monthly basis at a business level and identifying any aberrations and reasons for the same

- Product-wise unit economics - Working with the product managers to build product-wise unit economics on a regular basis

- Identifying areas of improvement (for higher profitability) for each product

- Work with cross functional teams to set and achieve targets for better unit economics

- Annual planning and budgeting - Prepare detailed P&L for the digital lending business, month wise and product wise

- Work with cross functional stakeholders to determine functional costs, provisions and key activities for optimization

REQUIREMENTS ( ANY of these from BFSI ) :

1. BANKS ( Digital business arm ) / FINTECH firms with relevant experience of P&L management.

2. Max age 38.

3. Understanding of LENDING BUSINESS / ASSETS important.

TCPL
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