Sr. Manager- I - PLANNING & BIZ ANALYSIS

ICICI Prudential Life Insurance; Mumbai; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

ICICI Prudential Life Insurance in Mumbai seeks a Sr. Manager I for Planning & Biz Analysis to drive Board KPI implementation across channels and ensure disciplined expense management and profitability.

The role involves developing the business plan, evaluating new ventures, partnerships, and capex opportunities, and reporting on performance to senior leadership. You will coordinate with various functions for viability analyses, set up new channels, and monitor cost drivers to optimize channel

Responsibilities

• Monitor and consolidate the Annual Operating Plan.
• Analyse operating expenses, unit costs and expense gaps across channels and the company.
• Support key projects: cost management, capex investments, partnerships onboarding, new channels setup, financial evaluation of new products, and M&A opportunities.
• Publish timely and accurate performance management reports to leadership, channel heads and sales hierarchy for daily sales and operations performance.
• Collaborate with functions for viability assessments of various initiatives.
• Align and deliver Board KPIs and profitability relevant for the zone/channel.
• Manage product mix and expenses to ensure channel profitability.
• Identify unprofitable segments and discuss with sales heads for improvement.

Job description

Sr. Manager- I - PLANNING & BIZ ANALYSIS

Internal employees at level 5, 6, 7 can apply for this position as well.

Role Purpose

• Ensure Board KPI is driven in each channel / Zone through Chief of sales
• Ensure expense management in channels / zones
• Ensure profitability of the channel / zone
• Develop Business plan and commercial evaluation for any new ventures & partnerships
• Reporting to Board on various aspects pertaining to business
• Monitoring of commission expense at partner level and channel level

Key Accountability

• Responsible for monitoring and consolidation of Annual Operating plan.
• Analyse and track operating expenses, Unit Costs and Expense Gap for various channelsand the Company
• Play a vital role for key/special projects that company may undertake in the areas of – oCost Managemento New Investments especially Capexo New Partnership onboardingo Setting up of new channelso Financial evaluation of new productso Acquisition / Merger opportunities etc
• Ensure timely & accurate publication of performance management reports to Leadershipteam, channel heads and entire sales hierarchy to track daily sales and operationsperformance
• Partnering with functions for viability assessment of various functional initiatives.
• Alignment and delivery of Board KPIs and profitability relevant for the zone / channel
• Manage product mix and expenses to ensure channel profitability
• Identify unprofitable segment and discussion with sales heads to improve those areas