Job Description

About Bajaj Markets:

Bajaj Markets, a subsidiary of Bajaj Finserv and one of the fastest growing fintech in India, is a one-stop digital marketplace that offers multiple financial products across all categories - Loans, Cards, Insurance, Investments and Payments. Bajaj Markets has partnered with some of the most trusted names to offer choice to its customers and help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Markets has since then, built a very strong business as a techfin. Its Technology services businesses are built on its core capabilities in consumer insights, technology and data analytics. Its first B2B SBU, Skaleup, has been created to become the leading digital technology services provider in India through deep domain expertise and execution capabilities.

Besides this, Bajaj Markets has built a new business unit to become the preferred partner for digital technology initiatives across all group companies of Bajaj Finserv. Herein, the strategy is to align with digital technology roadmap objectives of all the group companies of Bajaj Finserv and offer digital technology services and platforms at market competitive rates.

As the tagline goes, with Bajaj Markets, Ab Choices Hue Aasaan

Get to know more about Bajaj Markets via the following links:

Websites:

https://www.bajajfinservmarkets.in/

https://www.skaleup.com/

Bajaj Markets on LinkedIn: Click here

Bajaj Markets on Glassdoor:Click here

Our Long-Term Vision

We aspire to become one of India\xe2\x80\x99s largest BFSI Marketplaces & build a profitable digital technology services business with a global footprint.

The Financial Services Marketplace offers products across multiple categories across Assets, Liabilities, Payments, Insurance & Investments in partnership with 37 Banks, Insurers & Financial Institutions by providing choice & convenience of 1,300+ Financial Products.

We intend to forge additional partnerships with reputed financial institutions to offer the widest range of financial products & services across manufacturers, thus building a destination that offers choice in a frictionless manner with high degree of convenience for users.

Our Technology Services business is geared to offer 6 core offerings \xe2\x80\x93 Digital Applications, Customer and Enterprises Solutions, Data Engineering, Analytics Services, QA and Automation and Managed Cloud Services. We will offer these services in India & overseas territories.

BFSI Marketplace Construct

Ambition

Strategy

Approach

Become Amazon\xe2\x80\x99 of BFSI Marketplace in India and occupy one of the top 3 positions by size & customer choice

Become a specialist of BFSI space. Offer widest range of financial products & services across manufacturers to provide choice

Build a BFSI marketplace that offers choice in a frictionless manner with high convenience. Focus will be to drive high pull traffic by leveraging megatrends & partnerships

Technology Business Construct: Captive

Ambition

Strategy

Approach

Become a preferred partner for digital technology initiatives of all group companies. We will establish a dedicated Strategic Captive digital technology services unit for Bajaj Group companies

Align with digital technology roadmap objectives of group companies and profitably offer services and platforms at market competitive rates

Efficiently recruit, train, and deploy digital technology talent at scale. Continuously build and leverage cutting edge domain and digital technology capabilities

Technology Business Construct: Non-captive

Ambition

Strategy

Approach

Become alarge scale profitable digital technology servicesproviderwhich enables success of clients

Be aleading digital technology services providerfromIndiain the financial servicessector through deep domainexpertise and execution capabilities. Buildscale& focusonprofitability

Offer Digital Technology services for BFSI industry across four geographies with hub and spoke model.

Create capability toefficientlyrecruit, train, and deploydigital technology talent at scale

Our People

We are a strong brand with long-term orientation which provides tremendous stability & freedom to innovate. Our success is attributed to an efficient and passionate team of highly skilled 1500+ Technology & Domain specialists across Technology & Financial Services. With a strong foundation already established, you have an opportunity to be part of a distinct consumer technology company.

Duties and Responsibilities

Month-end closure activities including Expense & Income accruals, ensuring provision adequacy, preparing management reporting PLs and varied dashboards

Monthly reconciliation between Management Accounting and Financial Accounting Team

Assisting in Variance Analysis & Trend Analysis on monthly basis to help business track their financial performance

Providing decision in pricing grid from arm\xe2\x80\x99s length perspective

Assisting in various reporting to management of the Company and group companies for strategic decision makings

Managing and monitoring impact on project-wise P&L and processing variance analysis of resource & vendor masters

Assisting in preparing business simulation models & forecasting based on changed business environment/dynamics and translating the impact thereof on business profitability

Ensuring correct allocation of expenses across various businesses and analyzing different methods of allocation & their Impact on profitability

Supporting businesses with next month financial forecasts and other MIS for presentation to top management

Assisting in preparation of Mid-Year forecasting, Annual Operating Plan (AOP) as well as Long Range Plan (LRP) of various businesses.

Key Skills Required:

Must have experience of 2-3 years into techno-finance function in an IT Company

Should be able to understand IT business and translate the learnings in management reporting including but not limited to P&L preparation

Excellent communication & presentation skills

Prior experience in transfer pricing is a mandatory requirement

Must be proficient with MS Excel, PowerPoint and Outlook

Strong Financial acumen, knowledge of accounting principles, concepts, financial ratios and inter-company transactions

Work as a team player and take individual decisions at the same time in order to help the management in quick decision making and profitability analysis

Ability to quickly turn around ad-hoc requests under stringent timelines

Qualification, Experience, Leadership competencies

A fresh Chartered Accountant with key skills highlighted hereunder. Understanding of Accounting Standards/principles/concepts, basic knowledge of SAP will be preferred.

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