Cost Analyst Business Planning & Control

Cost Analyst – Business Planning & Control

Location: Bengaluru

Experience: 5+ Years

Function: Finance – Business Planning & Control

Job Overview

We are looking for an experienced Cost Analyst to join the Business Planning & Control function. The role will be responsible for cost control, budgeting, forecasting, cost optimization, financial analysis, and partnering with business stakeholders to ensure effective cost management.

The ideal candidate should have strong experience in OPEX and CAPEX management, budgeting, forecasting, cost analysis, P&L, and financial reporting, along with excellent Excel and analytical skills.

Key Responsibilities

• Drive cost control and work closely with budget owners to ensure costs remain within approved budgets.
• Perform Actual vs. Budget analysis and provide insights to business stakeholders.
• Manage OPEX and CAPEX budgeting, tracking, forecasting, and variance analysis.
• Prepare and manage OPEX rolling forecasts.
• Identify opportunities for cost saving and cost optimization and support implementation.
• Perform cost allocation/apportionment across different Lines of Business (LOBs).
• Support P&L preparation and analysis.
• Handle cost center and General Ledger (GL) related activities and ensure accurate cost booking.
• Manage provisioning, including incentive provisioning.
• Track costs related to special projects and provide regular financial updates.
• Work closely with Finance, Accounts Payable, budget owners, and other stakeholders to ensure accurate financial reporting.
• Consolidate, validate, and analyze financial data and provide actionable insights.

Mandatory Requirements

• 5+ years of relevant experience in Cost Analysis, FP&A, Business Finance, Financial Planning & Analysis, or Management Accounting.
• Candidates must have experience working with service-based companies.
• Indian accounting experience is mandatory.
• OPEX and CAPEX experience is mandatory.
• Strong understanding of budgeting, forecasting, variance analysis, cost control, and cost optimization.
• Strong knowledge of P&L, Cost Centers, GL, provisioning, and cost allocation.
• Strong MS Excel skills with the ability to work with large datasets.
• Excellent analytical, communication, stakeholder management, and problem-solving skills.
• Candidates with MBA Finance, CA, or M.Com qualifications will be considered.
• Bengaluru location only.

Preferred Background

Candidates from service-based organizations with hands-on experience in financial planning, cost management, OPEX/CAPEX, budgeting, forecasting, and business partnering will be preferred.

Education

• MBA – Finance
• Chartered Accountant (CA)
• M.Com

Note: Only candidates meeting the above qualification, experience, service-based company, Indian accounting, and OPEX/CAPEX requirements will be considered.