We have one very urgent HR position in one of best life Insurance organizations across the following location --

Base Location - Mumbai ( Hq ) - .( South Mumbai Office)- ..

Offered Ctc - 7 Lac To 13 Lac P.a ( Approx ) + Incentives ; Depending Upon Current Ctc.

Position - Deputy Manager / Manager - Financial Planning & Analysis

Level :- Deputy Manager / Manager

Indicative Job Profile :

Job Purpose :

Support in finalisation and roll-out of strategic and operating plan for the Channel and consolidating overall financial plan. This is followed by regularly assessing and monitoring channel's performance across various KPI's and supporting channel's new initiatives.

The job also requires creating a framework for regular interaction between the channel and planning team to highlight the performance issues wherever correction is required& directly supporting the team and functional in their new initiatives

Principal Accountabilities :

Accountability Supporting Actions :

- Support in building Operating and financial plan for the assigned channels

- Building Sales and Financial Plan for the channel by collaboratively working with the sales channel & finalize targets /resources to ensure full functional ownership

- Finalizing the company Financials basis inputs from functions and Actuarial Function. Leveraging the planning software and validating the financials by reviewing the assumptions and putting in place various controls and checks in the planning software as well as actuarial inputs.

- Finalizing and executing various sensitivities/scenarios for the channel and overall company's financials to aide management in decision making

- Finalizing and monitoring the performance framework for the channel through regular interaction with the channel at planning stage to ensure efficiency in targets &resources are built-in in the operating plan. Also, key responsibilities include validating assumptions relevant to Financials, Products, Persistency and Channel etc

- Driving the automation initiative by being able to increase the effectiveness of planning software for the channel as well as overall company level for the budgeting to reduce turnaround time and improve productivity

Provide and Facilitate various budgetary approvals :

- Supporting the channels in timely budgetary approvals for their key initiatives and helping the channels with cost-benefit evaluation of the new initiatives / proposals and independently conducting proper due diligence of the initiatives.

- Build a robust framework for continuous monitoring of the channel on various KPIS including Expense Gap an profitability. Finalize and create reports/dashboards in consultation with channel/senior management for measurement & reporting critical trends in channel performance and regularly highlight exceptions to the team/finance head in terms of performance and corrective actions

- Analyzing the key trends and highlight deviations to the senior management and the Channel heads on key financial and non-financial parameters. Also, preparing and review of channel scorecards to monitor channel's budgets throughout the financial year

- Finalizing monthly review presentations highlighting key trends and areas of concerns to be shared with channel heads and institutionalizing the process of regular feedback from the channel on such reviews

- Measuring the business performance and quality of business v/s the investments made in the relationships to update the senior management on the overall profitability of these relationships.

- Effectively coordinating with Channels and Accounts to monitor payouts to distributors as per approved budgets to enhance reporting and controls

Provide decision support system to the channels by fulfilling all their financial and analytical needs :

- Build various financial models and conducting due diligence to maximize revenue for the sales channel and optimize costs by:

a. Evaluating Viability of acquisition of new relationships including strategic alliances for bank partners.

b. Work closely with channels in implementing their initiatives including evaluating new business avenues & relationships.

c. Impact assessment of various Reward & recognition programs

d. Proactively provide inputs on Design and cost impact of compensation schemes for employees and Commission structuring for distributors

- Regularly evaluate performance of new relationship and efficiency of compensation / contests schemes and highlight corrective action, if necessary

- Providing support in conceptualizing various channel level initiatives and support the channels in finalizing the framework for driving initiatives

- Analyse, Monitor and report health and quality of business on a regular basis. Evaluate product mix, modal mix and expenses of the channel to ensure that expense gap is in line with plan

- Monitoring quality of business parameters such as persistency, surrenders, claims and leakages and suggesting various strategies to improve the same

- To manage Competitors benchmarking. Manage the quarterly and annual competition benchmarking exercise.

- Develop competition intelligence network through industry and industry analyst interactions.

- Manage different industry benchmarking surveys conducted by Consultants on a regular basis.

Manage Investor Relations :

- Providing assistance in maintaining continuous engagement with the investor's community.

- Managing communications for investors through preparation of Company performance dashboards and Investor questionnaires

Knowledge/Skills/Abilities :

- Relevant candidates currently handling similar job profiles.

Industry : Any Industry Into Financial Planning & Analytics handling MIS reports, capex / opex analysis, variance analysis, financial analysis, forecasting & financial planning, data analytics etc.

Indian Companies will be preferred .

CA or equivalent will be preferred.

Please mention your Current CTC & Current Location as well and your preferred

Location of application and reason ( for candidates who want to relocate ). We will forward your cv to the client for quick processing after a mutual discussion.

TCPL

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