Lead : Enterprise Cost Management

Purpose of the role :

We are seeking a detail-oriented and analytical professional to join our Planning & Strategy team as a Lead - Enterprise Cost Management . The successful candidate will be owning in-depth analysis of capex commitment, long-term cost commitments, employee-related expenses, routine opex, and other cost drivers. This role is integral to identifying cost-saving opportunities and supporting strategic decisions that drive profitability and efficiency across the organization.

Experience : 8–10 years of relevant experience in cost analysis, FP&A or management reporting, preferably within the financial services or related industries.

Responsibilities :

• Develop and execute the expense / capex approach for entire Nuvama group.
• Own the annual expense budgeting exercise - creating the department-wise cost budgets and business plans.
• Proactive involvement in long-term opex / capex commitments & regular monitoring against committed costs
• Provide meaningful insights on cost optimisation measures and lead in implementing cost-control initiatives.
• Analyse and monitor employee-related expenses and operational costs across functions.
• Analyse actual spends vs budget to identify areas of unbudgeted items and initiatives budgeted but not yet spent, ensuring approvals are in place for all unbudgeted items.
• Categorize costs into logical buckets - BAU / One-off / Regulatory / Discretionary / Non-Discretionary / Controllable / Non-Controllable / Growth Investments.
• Set up expense policy in collaboration with respective functions.
• Develop and maintain cost models to forecast, track, and report key financial metrics and trends.
• Ensure accurate cost allocation and timely financial reporting.
• Benchmark Nuvama spends with peers to identify areas of cost optimisation.
• Prepare, automate, and present comprehensive cost reports and dashboards for senior leadership and stakeholders.

Quailifications : Finance professional (CA, CA Inter, MBA Finance, ICWA etc.)