Max Life Insurance - AVP/CM - Financial Planning & Analysis

Candidates with experience of Life Insurance and NBFC.

Position: AVP/CM FP&A

Incumbent: NA

Department: FP&A

Function: Financial planning and analysis

Reporting to: VP FP&A

Band: 3/4B

Location: Gurgaon

Team size (D/I) : 5-7

JOB SUMMARY :

This role plays a very important role in supporting the organization and the leader of the team in several activities as listed below.

KEY RESPONSIBILITIES :

These are several strategic elements of this role as described below:

- Contribute to 3-year strategic plan and 1-year operating plan process which includes

- Working with distribution in terms of sales, sales metrics, product mix etc

- Working on bottoms-up costs and align with organizational objectives

- Liaison with an actuarial team to come up with long term and short term cash flows

- Deployment of a business plan once the plan gets approved

- Contribute to monthly variance analysis of all planned parameters

- Contribute in the growth agenda of the company which includes

- Being finance SPOC in all new sales initiatives and organic growth ventures of the company

- New distribution deal pricing

- Ring fence the existing distribution partners to longer periods

- Contribute in the inorganic growth agenda of the company

Periodic distribution incentive schemes and contests which include :

- Critical evaluation of annual distribution incentive schemes and contests and facilitate approval

- Periodic evaluation of partner wise compensation

- Periodic evaluation of contests and sales employee incentives

- Be an expert on the LI financials with the capability to connect all the dots in the business, possess strong actuarial knowledge so that sharp analytics could be enabled

- Provide financial and analytical support to all levels of management across all functions through reporting and analysis of operating results and evaluate the performance

MEASURE OF SUCCESS :

- Strong Insurance domain knowledge and ability to connect between the work of Finance, distribution and actuarial functions

- Role involves dealing with stakeholders who are mostly functional heads. The success of this role is in being assertive to ensure that financial objectives of the company are met at the same time enabling business in their respective initiatives

- Quality of analytics, feedback from internal customers

KNOWLEDGE/SKILLS

- Proficiency in working in MS Office (High on Excel & PowerPoint)

- Good knowledge of Accounting practices and standards

- Communication Skills

- Proactive with ability to understand business and its information needs

DESIRED QUALIFICATIONS / ACADEMICS

- MBA Finance from reputed institute / Chartered Accountant

- 9-11 yrs post qualification experience in finance function for MNC (preferably service industry)/ big four

- Strong analytical skills

- Strong communication skills

- Deadline driven

- Detail oriented

- Excellent verbal and written communication skills