Position: Senior Manager

Location: Mumbai

Department: FP&A

Function: Finance

Reporting to: Associate Director - Planning

Context & Role:

Responsible for financial planning, forecasting, performance analysis and management reporting. The role will provide financial insights to support strategic decisions and prepare presentations for senior management, the Board and shareholders.

Candidate Profile:

- Qualified Chartered Accountant

- Minimum 5 - 7 years of experience in the life insurance industry

- Strong understanding of:

1. Indian GAAP and US GAAP:

- Working knowledge of US GAAP reporting applicable to life insurance operations.

- Ability to understand key differences between Indian GAAP and US GAAP performance.

2. Value of New Business and VNB margin:

- Strong understanding of Value of New Business and the key drivers of VNB margin.

- Ability to analyse the impact of product mix, distribution mix, expenses, commissions, persistency and assumptions.

- Ability to explain movement in VNB and margins in a simple and commercially relevant manner.

3. Embedded Value:

4. IRDAI accounting guidelines:

5. Life insurance products and key business drivers:

Key Responsibilities:

- Manage budgeting, forecasting and long-term financial planning.

- Analyse actual performance against plan and identify key variance drivers.

- Evaluate product, channel and partner profitability.

- Assess the financial impact of strategic, regulatory and commercial initiatives.

- Prepare scenario and sensitivity analyses to support decision-making.

- Develop management reports, dashboards and financial presentations.

- Present key insights, risks and recommendations to the Management Committee, Board and shareholders.

- Partner with Finance, Actuarial and Business teams to improve financial performance.

Key Skills:

- Strong financial modelling and large-data analysis capabilities

- Advanced proficiency in Excel; knowledge of Power BI or similar tools is preferred

- Strong analytical, problem-solving and commercial skills

- Excellent presentation and senior stakeholder-management capabilities

- Ability to simplify complex financial information into clear and actionable insights

- High ownership, accuracy and ability to deliver within tight timelines