Financial Planning & Analysis Role - Insurance - CA/IIM/ISB/MDI/FMS

CA & MBA from Tier 1 college

Key Task & Activities :

Budget Planning and Roll-out :

- Complete responsibility for preparation of business plans of the company & presentation to the Board

- Collaborates with the top management to develop the short term & long term strategic plan, including initiatives

- Formulates recommendations and implements policies or plans to ensure or increase the organization's profitability

- Provide Business Planning & Analysis support to facilitate gathering, interpreting and conveying financial and statistical information in an analytical manner which supports profit-planning.

- Model alternative scenarios

- Review the past departmental strategies & cost, analyze the trend

- Managing conflicts & expectations to meet the overall objective of budgets and prepare a plan that creates create a buy-in

- Development and implementation of planning & control best practices

Decision Support Analytics :

- Evaluate and analyze the resources (finance, manpower) available and performance trend.

- Study performance trend (market share) of the competitors in insurance industry, vis--vis study position in the industry.

- Study the potential business feasibility for with the available resource.

- Develop metrics to measure the performance of the branches, and make recommendations & actionables

- Project the expected cost for the following year and also for every quarter in the financial year.

- Analyze and project the resources requirement necessary for the projected growth.

- Understand the current distribution model and provide statistical analytics to business, to plan expansion or achieve the projected growth.

Financial Reporting & support for corporate review meetings :

- Lease the profitability analysis of each distribution channels across the company for presentation to the top management and continuously interact with all stakeholders

- Periodically review the actual vis--vis the initial financial plan.

- Identifying areas for process improvements to enhance quality of MIS thus facilitating informed decision making and initiating actions.

- Prepare the reporting presentation and review material of the above to keep the management updated about the progress of the Plan.

Financial Analysis of Investments & Initiatives :

- Lease the business & financial analysis and sanction of capital expenditure, new investments, initiatives, projects to ensure that it meets organizational objectives and evaluate reduction in spend.

- Development and execution of sanction processes by introducing management tools, monitoring and benchmark methodologies and best practices

- Review of payback of the investments & initiatives

- Business & financial analysis investment proposals through mergers, acquisition & strategic tie-ups