Company Overview

Tata AIG General Insurance Company Limited is a joint venture between the Tata Group, one of Indias most respected business conglomerates, and American International Group (AIG), a leading global insurance organization. Since its inception in 2001, Tata AIG has evolved into one of Indias premier private general insurance companies, known for its innovation, customer-centric approach, and consistent growth.

We are on a mission to deliver trustworthy and forward-looking risk solutions that protect and empower our customers. As part of our ongoing growth, we are looking for driven and strategically minded professionals to join our dynamic team and contribute meaningfully to shaping the future of the insurance industry in India.

Role Summary

As Chief Manager Product & Strategy, you will lead strategic planning, product performance analytics, and business forecasting initiatives for the Consumer Lines business. This is a critical role with direct impact on financial performance, annual operating plans (AOPs), and long-term business strategy. You will work closely with senior business leadership across functions including sales, product development, underwriting, and distribution to formulate and execute strategic initiatives. The role also involves in-depth market and competitor analysis, incentive planning, financial simulations, and preparation of management-level business insights.

Key Responsibilities

Business Strategy & Channel Growth

- Lead strategic planning and channel performance analysis to drive growth in Consumer Lines.

- Partner with business teams to define channel-specific KPIs, monitor execution, and design incentive structures aligned with business goals.

- Support business and product functions in optimizing pricing strategies and commission structures to ensure sustainable profitability.

- Conduct in-depth competition benchmarking on product features, underwriting practices, and claims management.

- Identify variances in key business metrics and collaborate with stakeholders to implement corrective actions.

- Design and execute strategic sales and engagement campaigns at both the channel and employee levels.

- Prepare high-impact presentations and reports for MD-level reviews and other strategic forums.

Financial Planning & Business Partnering

- Lead the annual budgeting process by collaborating with various stakeholders including channel and product heads.

- Develop robust financial projections, scenario planning models, and operating forecasts aligned with business goals.

- Conduct regular performance monitoring against budgeted metrics; provide actionable insights to channel heads and leadership teams.

- Identify underwriting ratio violations based on boundary conditions and develop detailed action plans for rectification and compliance.

Candidate Profile

Educational Qualifications

- Bachelors degree in Finance, Business Administration, Economics, Actuarial Science, or a related field.

- MBA (Finance or Strategy) or Chartered Accountant (CA) qualification is preferred.

Professional Experience

- 812 years of experience in strategy, financial planning & analysis (FP&A), business performance management, or P&L management, preferably within the insurance or financial services sector.

- Demonstrated ability to lead strategic initiatives and drive measurable business outcomes in a matrixed environment.

- Strong experience in budgeting, forecasting, and performance monitoring tools.

Technical & Analytical Skills

- Advanced proficiency in Excel, PowerPoint, and business analytics tools (e.g., Tableau, Power BI).

- Strong understanding of insurance industry metrics, channel economics, and product lifecycle dynamics.

- Capability to work with large data sets, derive insights, and simplify complex information for senior stakeholders.

Soft Skills

- Excellent communication and stakeholder management skills.

- Strong analytical thinking with a proactive problem-solving approach.

- High levels of business acumen and ability to balance long-term strategy with short-term execution needs.

- Ability to lead cross-functional collaboration and drive consensus among diverse teams.