Opening with one of the leading Life Insurance company  Based At Mumbai  Perferred : MBA 2002 - 2005   Designation : Sr Financial Analyst   Principal Accountabilities  Accountability Supporting Actions  Lead preparation & roll out of Annual Operating Plan & five year strategic plan for the respective Sales channel in line with the shareholder objectives	  - Lead & Coordinate the Business Planning exercise for the respective channels (TPD/Group) and their support functions  - Negotiate and build consensus with Channel to ensure budgets are in line with company objectives  - Develop credible competitive intelligence for the channel to build strategic/ tactical initiatives during the plan  - Build in necessary controls in the planning process for the channel.  - Educate channels on their plan assumptions basis actual experience and projected changes in business models  Plan modules consolidation, co-ordination with Actuaries, Finalising sensitivities and automation techniques	  - Responsible for projected Company Financial Statements including Technical and Non Technical Account with Balance Sheet  - Assess the requirement of capital infusion based on the plan  - Decide on the actuarial assumptions to be considered for plan with reference to actual experience and projected changes, if any, analysed  - Co-ordinate with Actuaries, Internal Team and Channels / Functions for maintaining plan time-lines to ensure timely submission  - Sensitivities and what-if analysis as may be required for management decision on the plan  - Key role of continuous improvements in the plan model required for improving TATs and Accuracy. These may be with the aid of various tools including specialised software  - Lead the automation process and guide other team members for the same  Timely & accurate Management reporting to Sales and Top management so as to aid in strategic decision making	  - Review processes to ensure the accuracy & timeliness of financial / non financial management reporting.  - Review & share the performance drivers of the sales channel & work jointly with them in order to achieve the sales targets.  - Timely reporting of the channel’s key performance business drivers.  - Guide team members in developing various new dashboards which will present the channel KPIs in more relevant way  Create mechanisms to ensure that Channel’s Expense Gap is within plan	  - Monitor timely issuance of the Relation / territory / region / zone level expense gap report to the channel.  - Flagging of the concern areas to Head planning & Channel head  - Ensure that Expense Gap awareness is there across levels in channel.  - Decision making on new commercials proposed by channel for existing relations or acquisitions  - Approvals for channel spends and control on the same  Expense Management	  - Act as a SPOC for expense management drive initiated across company  - Interact with identified group leaders or subject matter experts on the requirements and analysis  - Responsible for providing any analysis and concern areas with respect to identified target expenses as well as contribute in finding out solutions for the same  - Monitor the progress of initiatives and timely reporting to the management along with the financial impact against desired target  - Evaluate the proposals under the project and assist Head, Planning to take decisions on the same  Conduct financial feasibility of the channel level initiatives including compensation and R&R so as to align it with plan	  - Evaluate financial viability of the initiatives proposed by the channel.  - Recommend the alternatives so as to bring out a balance between financial and business objectives  Skill development of sub-ordinates to enable them to perform and achieve their KRA as well as take on higher responsibilities. 	 - Optimize Employee Talent and Expertise.  - Ensure adequate Training and career development opportunities are provided to the team.  - Motivate the team and maintain employee satisfaction at optimal levels  If intrested can apply on komal.patel@upman.in or else call on 9099077040

Mumbai

Sr Financial Analyst - Insurance 

Job Description for Sr Financial Analyst - Insurance  in UpMan Placements Pvt. Ltd. in  Mumbai for (4-11) years of experience. Apply Now!