Job Description

Preparing and publishing the Budget vs Actual MIS every month for Operations and Quality o Preparing and publishing Cost MIS every month o Reasoning out the cost variance (saves or outages) with the help of the teams and experience of cost trends o Calculation of run rate and burn rate vs. allocated budgets. o Check for anomaly and work with Finance team on reversal of the same. Ensuring correct cost provision and invoice bookings o Preparing monthly cost view for Senior management and presenting on monthly basis MEASURES OF SUCCESS ? Ensuring Department's adherence to budget
? Be a constant force of change and innovation for the organization, challenging status quo and bringing new ideas for testing and incubation
? Successful archival of knowledge and dissemination of it across business functions ? Positive feedback and appreciation from business owners and decision makers.
? Preparing and publishing Monthly Cost Per transaction (CPT) o Preparing the monthly CPT dashboard by collecting transaction and cost data from different Ops teams o Presenting variation analysis to senior management o Ensuring the methodology is representative of the current expense situation.
? Budget Preparation and Deployment o Collating the annual budget requirements from all functions and sharing with Financial Planning and Analysis team. Detailing out all the assumptions and initiatives. o Working with Senior management for budget approvals. Deploying the final approved budget incorporating the expense seasonality General expectations w.r.t the role
? Being the SPOC of Cost bookings and Budget for Operations and Quality
? Evaluate expenses and make recommendations on decisions involving Cost Management to senior management along with program leaders ? Bring an outside in perspective to the business problem. Use networks within and outside of the industry to learn best practices and evaluate how they can be used and applied to Max Life's business problems. Outsourcing Responsibilities
? Perform analysis on the entire P2P lifecycle data such PR, PO, GRN, Payment, etc. and identify the gaps to be rectified
? Facilitate in managing the vendor related data and keep a track of the budget related deliverables from vendors
? Identify and implement streamlined processes for data reporting, dash boarding and communication

Skills Required