Executive - Financial Planning and Analysis (Mumbai)

Executive - Financial Planning and Analysis (Mumbai)

31 Jul
|
Tata AIA Life
|
Mumbai

31 Jul

Tata AIA Life

Mumbai

Role description

A.Position Overview

Position Title

Executive

Department

Financial Planning

Level/ Band

201 - Executive

Role Summary:

-Approval of Business cases/EJDs

-Profitability assessment

-Distribution Finance Support

-Management Reporting & Analysis

B.Organizational Relationships

Reports To

Manager/Senior Manager-Finance and Accounts

Supervises

-

Job Dimensions

Geographic Area Covered

PAN India

Stakeholders Internal

Information Technology, Operations-all teams, Finance, Premier Academy (Training), Marketing, Agency Channel, Partnership Distribution

Stakeholders External

C.Key Result Areas

Approval of Business cases/EJDs

.Assist in decision making related to approval of Business cases/EJDs taking into account all relevant aspects and their impact on business.

AIA reporting

.Review Quick Report (due on 3rd working day) and Long report (due on 10th working day) on monthly and quarterly basis

GOE Budget Roll out

.Ensure timely roll out of Annual GOE budgets to all the departments post approval of Business Plan from the Board of Directors

Business Planning

.Revenue Planning, Cost Planning, Target KPI's, Business planning workings and presentation and overall approval

Expense Allocations

.Review and analyze the expense allocation on a month-on-month basis and ensure circulation within 1 working day from closure of expenses.

.Constantly work towards improvement of allocation methods and revisit assumptions around drivers/channels/LOBs




Channel Allocations: Prepare channel wise allocations on a MOM basis required for long report.

Distribution finance support

.Review the products, RnR initiatives, product mix, profitability by channels and provide recommendations

D.Skills Required

Technical

.Thorough understanding of Finance and Accounts functions/systems

.Recommended to have knowledge on insurance processes

Behavioral

Essential

Desired

Interpersonal skills

.

Communication skills

.

Creative thinking skills

.

Supervising/Leadership skills

.

Teamwork Skills

.

Influencing skills

.

Relationship Building skills

.

Decision making skills

.

E.Incumbent Characteristics

Essential

Desired

Qualification

Graduate

Experience

1.0-1years of experience in Finance & Accounts

2.Positive knowledge of MS Office and web-based applications

3.Fair level of analytical skills and logical reasoning

Disclaimer:
Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. If the application aligns with our requirements, you may be contacted for further steps. Verify job offers through official Tata AIA communication channels to avoid fraud. The job description is the sole property of Tata AIA Life Insurance. The content of this JD is confidential, and unauthorized changes or reproduction are forbidden. To know more about Tata AIA Life, click on the weblink:

📌 Executive - Financial Planning and Analysis (Mumbai)
🏢 Tata AIA Life
📍 Mumbai

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