Financial Planning

Shriram Life Insurance; Hyderabad; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Shriram Life Insurance is seeking a Finance Planning & Analysis leader to drive annual plans, quarterly forecasts, and long-range strategies. You will consolidate inputs from multiple functions, build financial models, and assess product and regulatory impacts to guide senior leadership and investor communications.

The role requires deep life insurance P&L knowledge, strong analytical and storytelling skills, and the ability to thrive in a fast-paced environment with tight timelines.

Qualifications

• Strong analytical and modelling skills with Excel, financial modelling, and BI tools.
• Deep understanding of life insurance P&L, statutory reporting, and actuarial metrics.
• Ability to interpret financial statements, regulatory guidelines, and MIS.
• High attention to detail with strong problem-solving abilities.
• Excellent communication and presentation skills for senior stakeholders.
• Ability to work in fast-paced environments with tight timelines.
• Strong business acumen, commercial thinking, and strategic orientation.

Responsibilities

• Lead the preparation of annual business plans, quarterly forecasts, and long-range plans.
• Consolidate inputs from distribution, actuarial, investments, operations, and product teams.
• Build and maintain financial models to analyse revenue, costs, profitability, and capital needs.
• Assess impact of new products, reinsurance, pricing changes, and regulatory changes (e.g., GST, IRDAI norms).
• Track KPIs like APE/ANP, VNB, persistency, claims ratios, investment income, opex, and productivity.
• Produce MIS dashboards, management presentations, and insights for senior leadership.
• Support board and investor reporting cycles.
• Monitor expenses, manpower costs, and budgets; drive cost optimization.

Skills

Analytical thinking

Presentation

Strategic thinking

Tools

Excel

Power BI

Tableau

Job description

Role & responsibilities

1. Financial Planning & Forecasting

• Lead the preparation of annual business plans, quarterly forecasts, and long-range strategic plans.
• Consolidate inputs from distribution, actuarial, investments, operations, and product teams.
• Build and maintain financial models to analyse revenue, costs, profitability, and capital requirements.
• Assess impact of new products, reinsurance, pricing changes, and regulatory changes (e.g., GST, IRDAI norms).

2. Business Performance Management

• Track monthly business performance including key KPIs such as APE/ANP, VNB, persistency, claims ratios, investment income, opex, commission expenses, productivity metrics.
• Analyse variance vs budget, forecast, and prior year; highlight risks and opportunities.
• Produce MIS dashboards, management presentations, and insights for senior leadership.
• Support board and investor reporting cycles.

3. Profitability & Product Economics

• Evaluate product/channel profitability with inputs from actuarial and finance teams.
• Analyse cost-to-income, contribution margins, expense overrun, and acquisition cost trends.
• Support VNB, NBM, EV analysis in coordination with the actuarial function (where applicable).

4. Cost Management & Productivity

• Monitor operating expenses, manpower costs, and functional budgets.
• Identify efficiency opportunities across distribution, operations, technology, and support functions.
• Drive cost optimization projects and track savings initiatives.

5. Capital & Solvency Analysis

• Support solvency monitoring, capital requirement planning, and stress/scenario analysis.
• Assess financial implications of capital infusion, dividend decisions, and policy changes.
• Liaise with actuarial for solvency movements and risk-based capital metrics.

6. Cross-Functional Business Partnering

• Work closely with distribution, actuarial, treasury, product, investments, operations, and IT teams to support strategic decisions.
• Provide analytical insights for pricing, channel incentives, new initiatives, digital programs, and operational changes.

7. Governance, Compliance & Reporting

• Ensure adherence to IRDAI guidelines, accounting standards, internal controls, and audit requirements.
• Support internal and external audits for planning and financial analytics.
• Maintain data quality, integrity, and accuracy in all FP&A outputs.

Required Skills & Competencies

• Strong analytical and modelling skills (Excel, financial modelling, Power BI/Tableau preferred).
• Deep understanding of life insurance P&L, statutory reporting, and actuarial metrics.
• Ability to interpret financial statements, regulatory guidelines, and management information.
• High attention to detail with strong problem-solving abilities.
• Excellent communication and presentation skills for senior stakeholders.
• Ability to work in fast-paced environments with tight timelines.
• Strong business acumen, commercial thinking, and strategic orientation.