Financial Planning

Job Purpose

To assist and plan the formulation & achievement of Long-term Operating Plan for the entire organization for consolidation, finalization of key assumptions, initiatives and sensitivities.
Collaborate with the other work stream owners on various proposals on ongoing basis. Key responsibility includes ascertaining financial viability, review, close commercial negotiations and contract structure etc. Reviewing MIS & Provide Value added analysis through lead / lag indicators highlighting exceptions on Key Business Drivers

KRA2 Plan modules consolidation, Actuarial assumptions, Finalizing sensitivities 1. Support the corporate finance initiatives including solvency and capital infusion 2. Analyze and review the projected consolidated and individual financial Statements including Profit and Loss Statement with Balance Sheet3. Review the actuarial assumptions to be considered for plan with reference to actual experience and analyze the projected changes4. Finalizing sensitivities and what-if analysis for top management decisions5. Forecasting P&L on a period basis KRA3 Partner with Channel Heads towards achievement of Sales Targets synergized with Organizational Goals 1. Provide decision support to channel in terms of financial evaluation of all new initiatives incl, strategic tie-up with bank partners, viability of new channels, R&R, incentives etc.2. Benchmark competition on important KPIs and brainstorm with senior management for improvising Channel Performance against Industry3. Validate the R&R program with regard to Contest / Club / Rewards design to optimize Sales, Profitability and Product Mix Objectives KRA4 Formulation and Monitoring of Annual Operating Plan 1. Liaise with Functional Heads / CXOs across all sales channels (Agency, CAB, Banca & Digital) and corporate functions to formulate the business plan during Plan cycle & ensure they are aligned to the Organizational Goals2. Facilitate building a robust Financial Model to rollup Consolidated Plan 3. Measurement of performance of the defined matrices initiatives towards achievement of Goals4. Negotiate and build consensus with Channel to ensure budgets are in line with company objectives 5. Track rigorously the above on an on-going basis, highlight deviations and work jointly for achieving desired objectives