Manager, Cost Management
§ Involve in monthly OPEX closing, reporting and preparation of relevant presentation slides for management meeting.
§ Investigate and analyze monthly OPEX movement including variance analysis (MoM, YoY, vs budget/forecast) and highlight significant variances/abnormal trend via regular reporting.
§ Working with business and other divisions in developing SOP and strategic cost savings initiatives and perform validation, tracking, reporting on actual achievement.
§ Perform cost allocation (actual/budget/forecast) and shared service costs computation and reporting.
§ Perform evaluation, assessment, policy compliance check, commentary on Capital Expenditure Request (CER) from all divisions and seek management approval on behalf of requestor and provide guidance and supervision to CAPEX & OPEX requestors from all divisions with policy governance. Tracking of CER process Turn-Around Time (TAT) via automation tool to ensure the bank initiative are supported and reported in management meeting via regular CER related reporting.
§ Perform tracking on all approved CER above RM400K spending via Post Implementation Review (PIR) monthly reporting. These includes validating actual results against targets and summary of PIR status and updated management direction to improve return/benefit of investment.
§ Perform evaluation, assessment, policy compliance check, commentary on Expenditure Approval Request (EAR) from non-business divisions. Tracking of EAR process TAT and prepare necessary management reporting on EAR.
§ Continue to improve overall CER and EAR processes to reduce turnaround time including automation by system and regular review of related policies and procedures.
§ Execute quarterly forecast exercise by validating and finalizing business submission.
§ Execute annual business budgeting (CAPEX & OPEX) including templates preparation, budget assumption, consolidation and validation of budget submission from respective divisions. Perform simulation and recommendation for management budget approval.
§ Handle management fee recharges calculation and accrual. Process actual billing received.
§ Manage branch code and code centre code creation.
§ Act as the alternate person in managing Tender Review Committee secretariat.
Any other ad-hoc assignments relating to cost management.