Financial Planning and Analysis Manager

Position Overview

Budget Control & Planning Manager

Key Responsibilities

• Budgeting & Forecasting

• Drive the preparation, consolidation, and monitoring of budgets and forecasts specific to the life insurance business (premium income, claims ratio, policy persistency, distribution expenses, etc.).
• Track financial performance against targets, identify variances, and recommend corrective actions.

• Financial Analysis & Reporting

• Conduct P&L variance analysis and business performance reviews across different insurance products and distribution channels.
• Prepare MIS, dashboards, and management presentations tailored to regulatory and business requirements.
• Benchmark performance against industry peers to support strategic planning and competitive positioning.

• Regulatory & Compliance Focus

• Ensure financial planning and reporting processes are aligned with IRDAI (Insurance Regulatory and Development Authority of India) guidelines.
• Support solvency ratio monitoring, actuarial reporting, and statutory financial submissions.

• Process Improvement & Business Partnering

• Identify opportunities to improve accuracy, timeliness, and efficiency in financial reporting and planning processes.
• Partner with actuarial, claims, underwriting, and distribution teams to align budgets with business realities.
• Provide data-driven insights to senior management for decision-making.

Qualifications & Skills

• Bachelor’s degree in Finance, Accounting, Economics, or related field (MBA/CA preferred).
• 5–8 years of experience in

  Financial Planning & Analysis / Budget Control

  within the

  Life Insurance / BFSI domain

  .
• Strong knowledge of insurance financial metrics (premium, claims ratio, persistency, solvency, commissions, etc.).
• Proficiency in MS Office (advanced Excel modeling and PowerPoint presentations).
• Excellent analytical, problem-solving, and presentation skills.
• Strong communication skills with the ability to influence stakeholders across functions.