Vice President - Business Unit Profitability & Expense Management - BFSI

Vice President - BU Profitability & Expense Management

- Preparation of business line wise reports providing insights to the management on business performance (covering P&L and headcount) on periodic basis.

- Develop, manage and improve KPI's, expenditure control systems and performance reporting systems to improve material conversion efficiency and reduce overall BU expenditure.

- Prepare, monitor and control direct cost budgets and standards in conjunction with Financial Controller, and overall BU budgets including RMS to ensure expenditure and conversion efficiencies are in line with annual business plan.

- Perform reconciliation between various Management accounting systems to substantiate balances and breaks pertaining to both costs and revenues.

- Develop and coordinate BU profit plans, monthly forecasts, financial reconciliations, reports and analysis for BU management, including variance analysis and cost control reporting and recommendations.

- Assist in identifying process improvements in BU's, control procedures, and workflow organization to increase the team's efficiency and effectiveness and formulate system enhancement for the BU's.

- Advice and counsel BU Management on financial implications of operating strategies, cost control actions and decisions.

- Manage, analyze, evaluate and interpret BU financial forecasts and operating results.

- Inform management of results and recommend corrective actions to address unfavorable variances.

- Review, analyze and evaluate financial data and information for accuracy, consistency and transparency.

- Develop, control and maintain adequate product costing systems for valuation and cost estimating activities.