Financial Analyst

1. POSITION DESCRIPTION

JOB TITLE

Financial Analyst

GRADE

M

DEPARTMENT

Human Resources

LOCATION

RO

SUB-DEPARTMENT

Control

TYPE OF POSITION

Full-time

REPORTS TO

REC Head

REPORTING INTO

NA

1. ROLE PURPOSE & OBJECTIVE

• Regional Budgeting & Forecasting:

• Business Budgeting

• Expense Budgeting

• Tracking of Performance against budget in each product line and business line

• Overall business analysis:

• Sales

• Profit Line

• Growth line

• Performance Analysis

• Efficiency Parameter- Form Flow, TAT, Productivity

• Evaluating each Bank Outlet Performance

• Regular Reviews with HO post regional review

• Financial Review

• Profitability Analysis

• Each Product Line Analysis,

• Each Business Line Analysis

• Region Analysis

• Monitoring of Audit Score and its resolution in the region

• Customer Satisfaction Score and ways to improve the customer satisfaction quotient

• New Initiative implementation and monitoring

• Publishing Monthly performance report to the Leadership team

• Facilitating Regulators and Investors Visits/Industry Partners –

• Support in study

• Assessment or Evaluation

• R&R for the region

• Branch score card and its performance

• Cost expenditure analysis

• Department wise productivity analysis and keeping regional stats updated

• Product improvement: Connect with each Product and aware their improvement plan. Remedial plan of action for laggard products.

1. SIZE OF THE ROLE

FINANCIAL SIZE

NON-FINANCIAL SIZE

• NA

• NA

1. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business/ Financials

• Industry Analysis and Competitor Study: Conducting a competitor study and industry analysis in partnership with sales and marketing team. Tracking the competitor closely and proposing key take away for Ujjivan.

• Business Planning and Budgeting: Preparing the long-term business plans, business strategy, yearly business budget & forecasts in collaboration with the Business teams.

• Tracking of Business & Revenues: Publishing and analyzing relevant dashboards highlighting the performance of the business against the target/budget. Analyzing the performance of the different business units and highlighting the performers and non-performers. Assist business leaders in developing an action plan for the non-performers. Track revenues.

• Branch Profitability: Publish to regional leadership team the analysis on profitable/non-profitable verticals, branches etc.

Customer (Both Internal & External)

• In coordination with SQ, analyze on the top customer complaints & come up with POA for concerned dept/ cluster/ state

• Guide Operations, IT, Business teams for any needful actions to be undertaken pursuant to any new requirements / changes in existing requirements per law

• Analyze on customer satisfaction: Publish dashboard on key customer service indicators like TAT, FTNR, Error rate etc.

• Internal Process

• Exit clearance : Exit clearance of the exited employees through HR sathi

Internal Process

• Process Improvement: Understanding the current processes followed by the bank and suggest improvement to develop efficiency. Also developing and reviewing new business processes as per the strategic goals of Ujjivan.

• Cost Management and Cost Control: Tracking the costs of various verticals against budget and performing the variance analysis. Also suggesting alternatives to optimize the costs incurred to improve profitability.

• Audit: Highlight on the defaulting departments with >90 days open issues in coordination with Audit.

• Vigilance: Coordinate with vigilance & share analysis on trend of snatching/ customer fraud/ staff fraud trend & recommend suitable action in coordination with concerned stakeholders

Innovation & Learning

• Coordinate & organize major meetings in the region- RLT, REC, state leader meeting. Publish minutes and keep track of open items

• Analyze GPTW score in the region in coordination with the HR & help execution of POA in coordination with RHR & REC

• Keep abreast with industry trend, highlight the key development in terms of product need or policy change

Act as SPOC for regional projects & initiatives

1. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

• B. Com. or equivalent. MBA / PGDM preferred but not mandatory

Experience Range (Years and Core Experience Type)

• 0-1 Year

Certifications

• NA

Functional Skills

• Strong accounting/ financial background

• Expert in handling voluminous data & hands on experience with MS Office

Behavioral Skills

• Adequate analytical skills

• Keen learning ability

• Strong verbal and written communication

• Time Management skills

• Crisis Management skills

• Strong negotiation skills

Competencies

• Planning & Organizing

• Driving Execution

• Collaboration

1. KEY INTERACTIONS

INTERNAL

EXTERNAL

• REC Head

• Regional Managers

• Finance and Accounts Team

• Vendors

PREPARED BY: Rohan Shetty

DATE: 05 September 2024

REVIEWED BY: Rohan Shetty

DATE: 05 September 2024

LAST UPDATED BY: TM Team

DATE: 05 September 2024