ICICI Bank Jobs

Job Description: Budget Analyst

Location: Bestamaranahalli, Bangalore

Company Overview: ICICI Bank is one of India's leading banking and financial services organizations. We are currently seeking a skilled and detail-oriented Budget Analyst to join our team in Bestamaranahalli, Bangalore. As a Budget Analyst at ICICI Bank, you will play a crucial role in analyzing and managing the financial budgets and forecasts of the bank.

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Responsibilities:

1. Budget Preparation and Analysis: Collaborate with department heads and senior management to develop annual budgets and financial forecasts. Analyze historical financial data, market trends, and business projections to determine realistic budget estimates. Monitor budget performance and provide periodic reports to management highlighting areas of variance and potential risks.
2. Financial Reporting: Prepare accurate and timely financial reports, including budget versus actual analysis, variance explanations, and financial forecasts. Present financial information to senior management and provide insights on budgetary performance and cost-saving opportunities. Ensure compliance with regulatory and internal reporting requirements.
3. Expense Management: Monitor and control expenses to ensure adherence to budgetary guidelines. Review and approve budget requests, purchase requisitions, and expense claims. Identify cost-saving opportunities and recommend strategies to optimize resource allocation. Collaborate with stakeholders to develop expense reduction initiatives and monitor their implementation.

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Skills and Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or a related field. Professional certifications such as CFA or CA will be advantageous.
• Strong analytical and quantitative skills, with the ability to interpret complex financial data and perform financial modeling.
• Proficiency in financial analysis tools, spreadsheet software, and financial management systems.
• Knowledge of budgeting and forecasting techniques, financial planning principles, and accounting standards.
• Excellent attention to detail and accuracy in financial analysis and reporting.
• Strong problem-solving and decision-making abilities.
• Effective communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
• Ability to work independently and meet tight deadlines.
• Familiarity with banking and financial services industry will be beneficial.