Financial Planning and Analysis

This is one of the critical role within Financial Planning and Analysis team, which plays a very important role in supporting the organization and the leader of the team in several cost initiatives of the company. Specifically, this role is responsible for ownership and end to end delivery of resource deployment process of the organisation. KEY RESPONSIBILITIES Field enablement - Help business conceptualize and enable growth/ improvement oriented initiatives by business - Agency-branch profitability and redesigning the MIS process - Axis-Zone level analysis - Direct sales force - New initiatives support Opex - Drive cost management agenda of the organization - Providing controllership over Company level opex - Departmental expenses, reconciliation between top down and bottoms up, engagement with various functional heads and closure - Tracking monthly opex - Providing visibility to rolling forecasts to enable timely business action - Company level cost initiatives - HR, Facilities, Agency etc - Quality led cost initiatives and weekly governance Financial Decision making - Develop and maintain framework of cost management and resource allocation within accepted risk parameters - Liasoning with demand management - Negotiate with various functions on efficacy of CBA - CBA approval process as per revised grid - Providing visibility to organization on accountability of delivering committed benefits of investments. - Trainings and increasing the awareness of the process - Sample analysis of self-approved CBAs on quarterly basis - Monitoring and reporting of margins - Channel level profitability.CAPEX - Help business priorities capex spends and funding of the same. - Give-gets of various CAPEX and its linkage with company strategy and sales plan/cost reduction plans - Monthly tracking of CAPEX categorized under various projects and dash boarding in the way it is useful to major stakeholders - Periodic reconciliation between IT PO based capex and “put to use” CAPEX - Deep dive of leasehold capex Key Projects - Understanding of the business case - Give-gets of various initiatives - Current issues (timing/permanent) - Benefit tracking and validation Measures of Success - Superior business outcomes of resource allocation in a systematic manner - Structural improvement in business economics - Building relationships with stakeholders - Driving accountability in the organization - Drive profitability and efficiency - Enable the business leaders with required support - Timely & accurate reporting MINIMUM/SPECIFIC EXPERIENCE: - MBA Finance from reputed institute / Chartered Accountant - 6-8 yrs post qualification experience in finance function for MNC (preferably service industry)/ big four - Strong analytical skills - Strong communication skills - Drive special projects KNOWLEDGE/SKILLS/ABILITIES: - Knowledge of Insurance industry - Strong business orientation - Focus on relationship building - Strong analytical and problem solving skills - Strong leadership qualities - Knowledge of MS Office. Internal Stakeholders - Distribution leaders, CXO’s & CFO External Stakeholders - Consulting, Industry experts - Understanding of CPT methodology and validation of the same Corporate overhead allocation Process - Understanding and improvements - Alignment with Activity Based Costing - Owning expenses allocation policy and periodic review of expense allocation process runs and movement analysis - Expense unitisation process Incentives and contests - Ensuring Give-get of the incentives/ contest schemes in line with product and channel economics - Periodic forecasting and course corrections - Provision validations in the books Financial results and analysis including forecasting - Ensuring monthly closure of books and MBR - Forecasting of results on key parameters - SH reporting Pay: ₹2,000,000.00 - ₹2,500,000.00 per year **Experience**: - total work: 1 year (preferred) Work Location: In person