Bajaj FinservEmployer profile

Cluster Manager - Payments - EDC

Location not specified · 4–5 yrs

Experience: 4–5 yrs
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 12 Jan 36

About this role

Job Purpose

The objective of the role is to build & manage p&l processes, monitoring & reporting measures for offline acquiring business.

The individual is responsible for driving key insights on profitability, ensuring accuracy of income and expenses getting booked in GL’s, provide inputs for AOP, LRS & reforecast activities and ensure in depth analysis on P&L lines (revenue / expenses)

Duties And Responsibilities

P&L Process
Monitoring income & expense lines for EDC offline business
Suggest revenue generating & cost saving measures through analysis
Budgeting & planning: modelling around business inputs / logics for AOP, LRS & reforecast activities
Coordinate with accounting & finance team to understand income/expense booking & allocation logics across GL line items
Oversee OD limit utilization process
Meticulous attention to detail and ability to drive execution by taking ownership
Monitor pricing deviations and waivers causing impact on P&L across various buckets
Responsible for stakeholder management by Liasioning with FpnA, Treasury, Accounting, IT, BIU & operations teams
Monitoring & reporting
Monitor actual vs budget movement of key P&L parameters
Ensure accuracy of vendor billing through validations & reconciliations
Assist on Monthly internal & senior management reviews
Analysis
Ensure in-depth analysis on P&L lines (revenue / Expenses)
Analyze Fee Income across merchant segments/business segments
Suggest proactive & cost saving measures
Develop and Monitor Key KPI/Metrics to analyze P&L & business lines in coordination with BIU
Business process efficiency
Reviewing & understanding the Business transaction flow, processes & systems to identify opportunities for improvement
Maintain and manage key control processes to improve process efficiency and accuracy

Key Decisions / Dimensions

Following Decisions Are Taken By The Role

 Decisions regarding accuracy of vendor payouts claims are rightful in nature as per defined agreement clauses

 Conceptualizing decks required for analytical actionable to drive profitability

 Decision related to cost saving measures

Major Challenges

 Owing to the dependency on multiple source points for information, ensuring data accuracy is the key

 Ensure insightful analyses is derived through data crunching/AI tools

Required Qualifications And Experience

Qualifications

 MBA/CA

Work Experience

 Minimum 4-5 years of experience in managing budgeting & planning, monitoring P&L,

 Should have excellent communication skills along with strong presentation and data analytics skills.

 Exceptionally high motivation levels and needs to be a self-starter.

 Strong analytical skills.

 High level of proficiency in MS Office & sound understanding of business processes

Skills

Research Analyst and Information Technology