Manager - Financial Planning & Analysis - Insurance - CA

Job Description

Manager - FP & A Position: Senior Manager/ Chief Manager, FP&A Band 44A/4BDepartment: Finance Function Financial Planning & AnalysisJOB SUMMARY: - 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- CAT - New initiatives supportOpex:- 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 governanceFinancial 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 basisCAPEX:- 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 capexKey Projects:- Understanding of the business case- Give-gets of various initiatives- Current issues (timing/permanent)- Benefit tracking and validation- Understanding of CPT methodology and validation of the sameCorporate 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 processIncentives & 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 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 reportingMINIMUM/SPECIFIC EXPERIENCE: - MBA Finance from reputed institute / Chartered Accountant- 8-10 yrs post qualification experience in finance function for MNC (preferably service industry)/ big four- Strong analytical skills- Strong communication skills- Drive special projectsKNOWLEDGE/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, CXOs & CFOExternal StakeHolders: Consulting, Industry experts,

Keyskills :
resource deploymentend to end deliveryfinance functionresource allocationexpense allocation