Senior Vice President - Financial Planning and Analysis

Senior Vice President - FP&A

About the company

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture 
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

The role is responsible for running an effective, reliable, responsive and dynamic FP&A function that provides the MD-CEO, CFO and SMT across the organization with financial planning and analysis support that facilitates effective decision making, provide insights and challenges to ensure business leaders develop, agree and deliver on the strategic and financial plans. This role is also responsible for supporting decision making at a senior level, highlighting key financial trends and variances. The responsibilities also include tracking strategic plan, run future financial projections, budgeting, forecasting, reporting and review of the P&L/business metrics, capital adequacy, assets quality, scenario analysis, capital expenditure and investment appraisals.

Role Accountability 

1. Formulate annual plans with detailed budgets across organization along with long term planning to assess capacity requirement and augmentation; Analyze competitor and market information (financial and business metrics) to provide insights to assist decision making
2. Develop financial and business KPIs to assess success of business and financial strategy and prepare strategic/annual plans presentations for Board
3. Track performance against key targets and outcomes and produce regular corporate level management information to all senior management and publish regular performance review reports highlighting trends, key actions, and strategic implications
4. Monitor adherence to MOU plans, prepare short/medium term forecast, create monthly/quarterly forecasts, path to profitability, other business metrics as required by CFO/MD on time to time basis
5. Ensure budgetary control on actual expenditures and establish various cost metrics and benchmarks and track actual performance across units/verticals, recommend cost saving initiatives
6. Assist CFO in finalizing various reports and presentations to the Board of Directors, lead annual report preparation for finance function in coordination with other business functions, provide inputs for investor presentations for AGM
7. Monitor and ensure effective CBA, NPI profitability models to analyze pricing, benefits etc. based on functional inputs for  SMT, various committees; lead scenario analysis, during various business phases and engage in new proposals, project evaluations
8. Interact with institutional shareholders, mutual funds, FIIs, DIIs, rating agencies etc., arrange Conferences, Roadshows, Earnings transcript calls, and investors interactions whenever required 
9. Act as liaison between the company and analyst community on financial/business matters; facilitate financial analyst meetings and responding to questions, review analyst reports
10. Oversee process documentation and compliance adherence

Measures of Success 

1. Cost to Income %
2. ROAA & ROAE
3. Number and depth of analysis on company profitability, channel profitability, Corporate Card Profitability, Transactor and Revolver Analysis, NPIs, Vintage and Product level profitability
4. Ensure timely reporting of P&L and variance over plan etc. to relevant internal & external stakeholders
5. Timely and accurate annual budget preparation
6. Number of quality interactions with the institutional investors
7. Timely and accurate updation of process documentation
8. Timely Audit closure with satisfactory rating
9. Process Adherence as per MOU

Technical Skills / Experience / Certifications

Knowledge of Accounting & Financial analytics

Competencies critical to the role

1. Process Orientation
2. Analytical Ability
3. Stakeholder Management

Qualification 

CA/MBA/CPA/CFA

Preferred Industry

FSI

Experience Level

Senior Level