IDBI Federal Life Insurance - Assistant Manager/Manager - Strategy

Urgent Opening for Assistant Manager / Manager - Strategy

Job Purpose :

- To assist in achieving vision 2020 for IDBI Federal

- To assist in a range of activities in developing, planning, alignment of organisation, executing and reviewing to ensure implementation of strategy

- To assist in cross functional projects

To generate insights, analysis of current position and competition best practices and knowledge sharing.

Key Accountabilities :

Develop the strategy :

- Developing hypothesis/insights from analysis of the current position of the company and past trends to identify actionable areas

- Reveal gap between company's practices and competitions- best practices and prepare strategy map to understand the gap

- Assist in defining the vision and mission given ambitions of the company

- Evaluate strategic alternatives to compare multiple pathways to growth for business growth

- Assist in defining strategic goals- short term, medium term and long term to manage time and effort across these goals

- Assist in evaluating new strategic ideas coming from within the organisation and present it to senior management

Plan the strategy :

- Assist in planning strategic initiatives by embedding initiatives into organisation's normal work so that strategy translates into action

- Assist in assessing strategic initiatives at all levels of the organization is in line with company's objective

- Assist in defining targets for the strategy initiative and place measures to evaluate them

- Assist in leading development of monitoring mechanisms and administer to review progress of different units on strategy.

- Assist in setting up tracking mechanism for long term projects

Align the organisation :

- Support unit strategies are linked to one another and to the company's strategy

- Work closely with all departments as necessary and facilitate cross functional projects

- Build relationships with different units to synthesize work through teams, without a line of authority

Execute the strategy :

- Communicate and cascade long term strategy goals into near-term projects for different team to explain how each person's work relates to it.

- Undertake other projects outside area of direct business and functional units

- Sharing of competition best practices, provide advice and support

Review and Test :

- Assist in conducting team reviews for tracking status to monitor the progress continuously and initiate corrective changes as required

- Document needed adjustments to strategy and execution identified during meetings and follow up to ensure that change is implemented

- Assist in managing quarterly reviews with C-Suite to update them on the status, highlighting any deviations or delay in timelines in implementation of strategy

- Assist in testing responses on a pilot basis and then scaling up for broader response.

Non-technical experience :

- At least 1-2 years of experience

- Strong focus to achieve business outcomes

- Ability to deal with ambiguity, risk, uncertainty and multiple issues

- Result orientation and strong attention to details, deadlines and quality.

Strong problem solving ability and analytical skills.

Technical experience :

- Proficient in MS Word, Excel, PowerPoint and MS Project

Understanding of working of Life Office particularly distribution channels