Axis - VP & Head Business Planning Office

Job Description

Key Responsibilities Business Planning Strategic Planning Developing and implementing long-term business strategies and annual operating plan to achieve company goals and objectives. Financial Forecasting Overseeing business forecasting to ensure targets are met. Develop and build controls across key business measures. Market Analysis Conducting market research to identify trends, opportunities, and competitive threats. Performance Monitoring Tracking and analysing business performance metrics to inform decision-making Benchmarking of competition practices in the Bank Open Architecture counter and build our practices to win the Lions share Collaborate across functions including Finance, Products, Operations, Training, Marketing, BPMA, etc Performance Management System (PMS) Conceptualize, design and implement all the levers of Performance Management System including the compensation strategy, KRAs, Reward and Recognition framework Goal Setting Establishing clear performance goals and objectives for employees aligned with the companys strategic goals. Performance Metrics Defining and tracking key performance indicators (KPIs) to measure employee performance Hierarchy Management System Organizational Structure Designing / maintaining an effective structure to support business. Role Definition Clearly defining roles and responsibilities at all levels. Succession Planning Developing and implementing succession plans along with HR to ensure leadership continuity. System Management Working with Business and Technology teams to define and manage the hierarchy in system. Product Mix Council Product Strategy Developing and overseeing the product mix strategy to ensure a balanced and competitive portfolio. Product Deployment Collaborating with product teams to launch new insurance products / new variants / revisions. Performance Monitoring Regularly reviewing the performance of existing products and adjusting as needed OPEX Management Cost Control Implementing strategies to manage and reduce operational expenses. Budgeting Preparing and managing budgets to ensure efficient allocation of resources. Efficiency Improvement Identifying and implementing process improvements to enhance operational efficiency. Vendor Management Overseeing negotiation and management of contracts with vendors to optimize costs Business Intelligence and Analytics Data Management Overseeing the collection, storage, and analysis of data to support business decision-making. Reporting Developing and maintaining dashboards and reports to provide insights into business performance, with complete maker and checker in place. Predictive Analytics Using advanced analytics to forecast trends and identify opportunities for growth. Business Insights Analysing sales data to improve and optimize strategies . Field Governance / Reviews Streamlining performance review and governance across lines of business. Key Competencies / skill required Strategic thinking and analytical skills Ability to understand big picture Sound knowledge of Bancassurance or Banking operations model Very strong communication skills Ability to express ideas clearly and persuasively Planning and Organization Effectiveness in planning and organizing activities of himself/herself and team members Intra Organization skills Ability to work together with all stakeholders involved, flexibility in taking feedback and modifying approach