Manager/ Senior Manager - Cost Controller

About PayU
PayU, a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world is redefining the way people buy and sell online for our 300.000+ merchants and millions of consumers. 
As a leading online payment service provider, we deploy more than 400 payment methods and PCI-certified platforms to process approximately 6 million payments every single day. 
Thinking of becoming a PayUneer and you are curious to know more about us? Read more about the life in PayU here 
Job Purpose:
The Manager/ Senior Manager will oversee and manage the cost
control system, lead and facilitate initiatives to lower costs, track key performance
indicators related to cost and foster a cost-conscious culture within the organization

Key Responsibilities:

• Understand cost structure of the organisation, allocate expenses accurately and develop a cost monitoring system which would enable quick retrieval of cost information at granular level.
• Collaborate with accounting department for accurate financial reporting and cost booking
• Identify direct and indirect costs, analyse cost drivers, and understand the factors that contribute to expenses
• Identify any deviations from budget, take corrective measures promptly and ensure that costs remain within a decided limit
• Prepare budgets by Cost centre, provide detailed analysis and commentary on variances against budget by cost centre
• Develop and implement cost control strategies and processes collaborating with the respective businesses
• Present to senior management a detailed analysis of costs, the opportunities to optimize and create relevant dashboards - ensure accuracy in key metrics
• Lead and facilitate initiatives to lower costs, Review and improve existing processes and procedures
• Create/update an expense policy, create an approval process for expenses which would include setting spending limits, and implementing monitoring systems to detect any potential financial irregularities
• Foster a cost-conscious culture within the organization by promoting cost awareness, accountability, and responsibility at all levels. Encourage employees to contribute cost-saving ideas.
• Own group-level financial reporting on a monthly basis and address related queries to costs.
• Conduct variance and trend analyses to help businesses track financial performance.
• Improve performance by evaluating processes, driving efficiencies, and understanding Return on Investment (ROI) in strategic initiatives.
• Prepare performance reporting materials for Board and external stakeholders.
• Utilize Business Intelligence (BI) tools to deliver insights into business performance, working with the analytical team on report generation and dashboard creation.
• Manage and approve cost-related expenses, ensuring that Purchase Requisitions(PRs) align with the budget before approval.

The common skills and attributes needed for this role include:

• Minimum of 8-12 years of relevant financial analytical experience
• Significant analytical skillset, including the utilisation of BI and reporting tools
• Strong quantitative abilities 
• Strong knowledge of power point, excel
• Ability to solve complex problems
• Excellent communication skills with ability to build relationships
• Strong influencing and interpersonal skills
• High level of commercial acumen
• Professional qualification - CA /MBA
• Prior Experience of SAP would be desirable