A leading financial institution based in Durban is in search of a Cost and Process Analyst to join their team. To do this job well, you need to be well-versed in data and financial analysis, have strong attention to detail and good reasoning and solutioning capabilities. Ultimately, the job will be an integral part of our efforts to maintain and create value within the business.
Description
We are looking for a cost and process analyst to:
- Create reporting frameworks to enable easy analysis of our operations relative to targets and help management make better decisions.
- Create benchmarks/targets based on historical data analysis.
- Identify value leakages and use data insights to propose both cost and process efficiencies that can be implemented.
- Prepare cost/benefit analyses for new business cases.
- Use insights from cost and process analytics in assisting to create annual budgets and forecasts.
- Gather and analyze financial and process data and, through analysis, suggest cost-reducing or revenue-generating solutions.
- Determine standard costs/cost benchmarks for the entire value chain and investigate variances with actual costs.
- Prepare detailed reports, both periodically and ad-hoc, to enhance management decision-making.
- Help in the creation of business cases for new spend and cost/benefit analyses with respect to potential process or business changes. Create and maintain KPI monitoring frameworks for such items to measure impact/success thereof.
- Assist in the creation of budgets and create and maintain a robust monitoring framework, including the preparation of the monthly financial pack.
- Conduct market research, where appropriate, to ensure industry best practices are being followed.
Education Profile
- Honours degree in Finance, Accounting, Data Science or Actuarial Science (including CIMA, CFA or CA(SA) postgrads if interested).
Experience
- Ideally 2 - 3 years proven experience as a cost or data analyst.
- Advanced Excel skills required (SQL, Power BI and other such skills are additive).
- Microsoft Office - advanced levels for all packages.
- Natural ability with numbers (high numeracy).
- Strong logic, reasoning and solutioning abilities.
Application Instructions
Please forward your CV to Should you not be contacted within 2 weeks, kindly consider your application unsuccessful.
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