Vice President Strategy

2 months ago

Gurugram, India Canara HSBC Life Insurance Full time

Role & responsibilities

The Head of Strategy is responsible for the development of effective strategies and driving them towards execution in order to create value for our stakeholders and transform the business. He/She will also be responsible for the execution of strategic external business analysis in order to produce actionable insights for senior management of the company.

Drive the strategic thinking process for organisational growth

Conduct research in economic, behavioural, technological and industry/competitors trends. Analyse, interpret to identify likely impacts on the organisation. Support in taking executive decisions and driving strategic planning process.

Identify opportunities and drive changes to improve implementation and evaluation of strategic and business planning processes. Steer better performance tracking and reporting of initiatives

Facilitate the strategic review and planning processes with EXCO members and delivery teams. Supplement the development of aligned and integrated business plans.

Deliver on the strategic projects through B-O-O- T ( Build Own Operate Transfer) Approach

  • Provide short term and long term strategic views on various aspects of business. The role requires a very good understanding of financial services, insurance and banking environment to synthesize points of view and assess the impact of changes in landscape on Company's strategy.
  • Support strategic planning processes, including interdependencies between key business, technology and financial planning processes
  • Highlight and incorporate external & market perspectives and insights from competitive and market intelligence in business decision making
  • Facilitate structured reviews of the enterprise portfolio of strategic initiatives & implications (e.g., budget considerations, resource allocation, etc.)
  • Work with internal stakeholders to incubate and develop new channels and blue sky initiatives such as Digitization.
  • Identify and chart out longer-term roadmap for the Company in line with Company's vision and shareholder priorities, for example, future listing plans.
  • Support agenda and materials development for senior executive audiences & meetings e.g., Board Meetings, ,Executive Offsite, etc

Typical Targets and Measures

  • Incorporation & alignment of company initiatives with agreed business strategy
  • Understanding of capability gap/advantage vis-a-vis competitors/ benchmark and actionable thereof
  • Timely delivery of results from strategic initiatives
  • Positive feedback from internal stakeholders responsible for growth of new channels and long-term initiatives
  • Identify new strategic initiatives based on customer insights, or provide inputs on how initiatives to be modified
  • Identify and engage relevant stakeholders (typically EXCO) in each of the initiatives to solicit their inputs and influence their thinking
  • Syndicate preliminary findings and recommendations with the stakeholders; develop action plans
  • Exceptional Collaboration and Influencing Skills; the ability towork closely with various business unit leaders and their teams, strategists and marketers, and peers across Marketing both directly and virtually in a highly matrixed environment to define, deliver and execute the brand strategy, including
  • Provide periodic updates to stakeholders on the progress of strategic initiatives
  • Communicating well-structured, data-driven, and clearly articulated points-of-view to influence and meet stakeholders where they are’

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