Bank of Baroda Recruitment 2022 for Vice President

Vacancy Circular No:

Bank of Baroda
invites applications for recruitment of Vice President

Vice President

Number of Vacancy: 2 Posts

Educational Qualification: CA, MBA/PGDM

Recruitment Of Vice President – Product Profitability And Vice President – BU Profitability & Expense Management In Finance Function In Bank Of Baroda On Fixed Term Engagement On Contract Basis

1. Position: Vice President – Product Profitability

2. Vacancy: 1 (UR)

3. Educational Qualification: Graduate (Any Discipline) and CA / CMA/CFA/ MBA (preferably in Finance stream)

4. Minimum Experience: Minimum 7 years of work experience in BFSI Sector, out of which at least 4 years’ experience in Business Finance Function / Product Profitability Function / Financial Planning & Analysis

5. Roles & Responsibilities (indicative & not limiting):

a. To collaborate with Business/Product teams to develop, implement and maintain a long term robust planning model to support financial planning and assist the leadership team in making strategic decisions. Development of financial models for Product business case investments.

b. Perform data analytics such as understanding current state operational cost and impact of investment and targets on future state

c. Collaborate with Business team to support the development of new driver based product financial models.

d. Perform customer and product profitability analysis and makes investment and pricing decisions. Finds opportunities to drive revenue growth, margin expansion and a more favourable mix (i.e., driving preferred products and services).

e. Validation of FTP Calculation Engine & Cost Allocation Models and impact on product profitability Responsible for : - Cost allocation methodologies (required precision vs degree of difficulty) - FTP Policy & Approach  Deep dive analysis on key drivers.

6. CTC offered: Remuneration will be offered based on candidate’s qualifications, experience and overall suitability for the post, and shall not be a limiting factor for suitable candidates.

7. Location of posting: Mumbai. The candidate may be deputed to work with the team(s) within the Bank/ any subsidiary of the Bank if and as deemed necessary. The selected candidates are liable for transfer anywhere within India as per the requirement of the Bank.

8. Nature of Engagement: Contractual Engagement for a period of 3 years, with quarterly/yearly performance review, extendable at the option of the Bank.

1. Position: Vice President – BU Profitability & Expense Management

2. Vacancy: 1 (UR)

3. Educational Qualification: Graduate (Any Discipline) and CA / CMA/CFA/ MBA (preferably in Finance stream)

4. Minimum Experience: Minimum 7 years of work experience in BFSI Sector, out of which at least 4 years’ experience in Business Finance Function / BU Profitability/ Expense Management / Financial Planning & Analysis

5. Roles & Responsibilities (indicative & not limiting):

a. Preparation of business line wise reports providing insights to the management on business performance (covering P&L and headcount) on periodic basis

b. Develop, manage and improve KPI's, expenditure control systems and performance reporting systems to improve material conversion efficiency and reduce overall BU expenditure.

c. Prepare, monitor and control direct cost budgets and standards in conjunction with Financial Controller, and overall BU budgets including RMS to ensure expenditure and conversion efficiencies are in line with annual business plan

d. Perform reconciliation between various Management accounting systems to substantiate balances and breaks pertaining to both costs and revenues.

e. Develop and coordinate BU profit plans, monthly forecasts, financial reconciliations, reports and analysis for BU management, including variance analysis and cost control reporting and recommendations

6. CTC offered: Remuneration will be offered based on candidate’s qualifications, experience and overall suitability for the post, and shall not be a limiting factor for suitable candidates.

7. Location of posting: Mumbai. The candidate may be deputed to work with the team(s) within the Bank/ any subsidiary of the Bank if and as deemed necessary. The selected candidates are liable for transfer anywhere within India as per the requirement of the Bank.

8. Nature of Engagement: Contractual Engagement for a period of 3 years, with quarterly/yearly performance review, extendable at the option of the Bank.