Role description

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.

We foster a culture of innovation, inclusivity, and continuous learning, offering energetic career growth opportunities and a supportive work environment. Recognized as a Great Place to Work and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, People - Our Core, emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.

Fuel your future with us, find your wings, and S.O.A.R. - Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.

1. Position Overview

Position Title

Executive

Department

Financial Planning - Finance & Accounts

Level/ Band

201 - Executive

Role Summary:

Responsible for supporting business planning,



budgeting, forecasting, profitability analysis, distribution finance support, management reporting, expense allocation, and business case evaluations to provide financial insights and support effective decision-making

1. Organizational Relationships

Reports To

AVP/VP-Finance and Accounts

Supervises

-

1. 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

-

1. 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

1. 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

.

1. Incumbent Characteristics

Essential

Desired

Qualification

CA

Experience

1. 0-3 years of experience in Finance & Accounts

2. Good 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 - Finance and Accounts (Mumbai)
🏢 Tata AIA Life
📍 Mumbai