Financial Planning and Analysis Manager

Position Objectives

• Strengthen financial planning and analysis (FP&A)

  to provide strategic insights that guide business growth and sustainability.

• Ensure financial discipline and efficiency

  by driving accurate budgeting, forecasting, and variance analysis.

• Enable informed decision-making

  through robust financial modelling, reporting, and collaboration with cross-functional teams.

• Advance Bima Sugam’s mission

  by aligning financial strategy with the vision of transparency, accessibility, and empowerment for citizens.

Indicative Responsibilities

• Support the

  annual budgeting and forecasting process

  by preparing detailed analyses and consolidations.
• Develop and maintain

  financial models

  to track revenue, cost structures, and platform performance.
• Prepare

  regular reports and dashboards

  , highlighting trends and variances and actionable insights.
• Monitor

  key financial metrics

  such as revenue transactions, platform adoption, and operating costs.
• Provide

  financial guidance

  to business teams on projects, pricing, and cost initiatives.
• Assist in

  vendor evaluation and cost benchmarking

  in collaboration with the procurement team.
• Support

  Regulator and industry reporting

  by providing accurate financial data and analyses.
• Identify opportunities for

  process improvements and automation

  in reporting and analysis..

Reports To

Lead FP&A

Coverage / Sub functions

Financial Planning & Budgeting

• Coordinate the

  annual budgeting process

  , ensuring timely and accurate submissions.
• Prepare

  rolling forecasts

  for revenue, expenses, and cash flows, analyzing business trends and external factors.

Financial Analysis & Reporting

• Conduct

  variance analysis

  of budgets vs. actuals and forecasts, identifying key drivers.
• Prepare

  monthly and quarterly reports, dashboards, and KPI summaries

  for management.
• Collaborate with cross-functional teams to deliver

  actionable financial insights

  .

Strategic Support

• Build and maintain

  scenario-based financial models

  and sensitivity analyses.
• Support initiatives like

  product launches, cost optimization, and business expansion

  .
• Evaluate and present the

  financial impact of strategic and operational decisions

  .

Process Optimization

• Improve

  FP&A tools, reporting systems, and processes

  for accuracy and efficiency.
• Drive

  automation initiatives

  and enhance data visualization for better accessibility.

Stakeholder Support

• Partner with

  finance leadership and departments

  to provide timely analyses and reports.
• Prepare

  financial materials

  for auditors, regulators, and other external stakeholders.

Key Skills & Competencies

• Expertise in budgeting, forecasting, and scenario analysis
• Proficient in building financial models to evaluate business performance.
• Ability to track and optimize expenses, identifying cost-saving opportunities.
• Strong analytical skills to extract insights from large datasets using business intelligence tools.
• Experience working across finance, operations, and technology teams.
• Strong communication skills to present insights to senior leadership and regulatory bodies.

Key Behavioural Traits

A founding member at BSIF:

• Understand that Integrity, open & honest demeanour (transparency) & fair conduct is non-negotiable.
• Learns on the job, evolves with the role & navigates uncertainty with perpetual optimism
• Holds the “team above self”; “gets along” & finds common ground in the best interest of all our stakeholders
• Is frugal and uses scarce resources wisely
• Has an “owners’ mindset”
• Is self-motivated / passionate, self-disciplined, has a continuous improvement mindset, doesn’t need to be told what to do & never says “that’s not my job”
• Owns the task in entirety (even if involves other functional areas), has an eye for detail & an ability to incorporate all points of view and take matters to closure
• Is of service to her/his teams who chose to work with them (applicable for managers)

Qualifications

• CA/MBA in Finance

  with 3–10 years of relevant experience.
• Strong expertise in

  financial planning, analysis, and modelling

  .
• High degree of proficiency with

  Excel, Power BI and PowerPoint

  .

• Exposure to AI/analytics (through courses or practical application) will be valued

  to strengthen future-focused financial decision-making.

Location

Mumbai (work from office)

About Bima Sugam:

Bima Sugam India Federation

“people-first” workplace