Key Responsibilities:
Financial Planning & Forecasting:
Prepare annual budgets and rolling forecasts in worksheets for technology spend ( e.g. Cloud, software and IT services)
Track actuals vs. forecast and explain variances.
Support long-range planning and scenario modeling for strategic cases
Month end closure of provisions and P&L for technology costs alongwith allocations
Follow up with Technology leaders and other stakeholders for Budgeting, Forecasting and spends review inputs
Cost Analysis & Reporting:
Prepare and analyze trends in technology costs (e.g., cloud, SaaS and IT services).
Prepare monthly and quarterly financial reports and dashboards for all technology leaders
Identify cost-saving opportunities and efficiency improvements
Business Partnering:
Collaborate with Technology,Procurement, Fincon and Business teams to understand cost drivers
Provide financial guidance on vendor contracts, renewals, and investments.
Provide ad hoc analysis and reporting to senior leadership and Technology leaders
Support business cases for new technology initiatives whenever required
Follow up with Technology leaders and other stakeholders for inputs on provisions and allocation ratios
Process Improvement:
Enhance financial models and reporting tools
Automate data extraction, transformation, and reporting processes using tools like Excel, Power BI, MS Access
Ensure data accuracy and consistency across systems and reports.
About Kotak Mahindra Group:
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.
The consolidated balance sheet of Kotak Mahindra Group is over 1 lakh crore and the consolidated net worth of the Group stands at 13,943 crore (approx US$ 2.6 billion) as on September 30, 2012.
The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore. For more information, please visit the company’s website at https://www.kotak.bank.in/en/home.html
