Analyst-Cost Management

About the Role

We are seeking a detail-oriented and analytical Cost Analyst to join the Cost Management Team within the Finance function at IDFC FIRST Bank . This role is pivotal in driving cost optimization initiatives across the organization. The incumbent will be responsible for collecting and analyzing cost-related data, identifying trends, and partnering with various teams to implement efficiency measures. The ultimate goal is to support the bank’s efforts in improving process efficiencies and reducing the cost-to-income ratio.

Key Responsibilities

Primary Responsibilities

• Analyze trends in cost data across various categories such as nature of expense, business unit, and vendor level.
• Conduct in-depth analysis of expense categories to identify cost optimization opportunities.
• Collaborate with business and support teams to review end-to-end processes and recommend efficiency improvements.
• Track and report monthly expenses and cost drivers to support strategic decision-making.

Secondary Responsibilities

• Engage with stakeholders to ensure comprehensive data collection and validation.
• Support the implementation of cost-saving initiatives by providing actionable insights.
• Assist in preparing reports and presentations for senior management on cost performance and optimization strategies.

What We Are Looking For

Education

• Graduation: B.Com
• Post-graduation: MBA preferred
• Professional Qualification/Certification: CA or CFA

Experience

• 4 years of relevant experience in cost analysis, financial planning, or related roles.

Skills and Attributes

• Strong analytical and problem-solving skills.
• Proficiency in data analysis and financial modeling.
• Excellent communication and stakeholder management abilities.
• Ability to work collaboratively across functions.
• High attention to detail and a proactive approach to identifying cost-saving opportunities.