Senior Manager - Budget Control Job in Star Union Dai-ichi Life Insurance Company Limited

Senior Manager - Budget Control - Finance and Accounts

Corporate Office

Job Objective

Managing critical areas like Financial Planning , MIS and Budgetary Control for the organisation does it sound exciting to you? Then lets meet up

Role Objectives.

1. Formulation of Annual Operating Expense Plan across different business segments and at organization level.

2. Variance analysis of Budget vs. Actual and reporting same to the cost owners.

3. Conducting cost reviews and engaging with cost owners for discussion on cost reports

4. Formulation of Business Plan across different business segments and at organization level.

Job Description

Budget Control:

1. Formulation of Annual Operating Expense Plan across different business segments and at organization level.

2. Variance analysis of Budget vs. Actual and reporting same to the cost owners.

3. Conducting cost reviews and engaging with cost owners for discussion on cost reports

4. Preparation of expense forecast.

5. Budgeted expense allocation including daily transactional activities relating to Budget re-allocation.

6. Preparation & implementation of cost optimization and operational efficiency related Projects/ Plans across the company.

7. Tracking and Analysis of Industry Peers and Competitors on various parameters viz. market share, profitability, expenses etc. and bench marking for industry players.

8. Automation of Process and integration of various business sources to improve internal & external reporting.

Financial Planning (Support - where needed):

1. Formulation of Business Plan across different business segments and at organization level.

2. Periodic Variance analysis on all financial parameters across various business segments and company.

3. Forecasting of Revenue and Profit across different business segments and company.

4. Quantifying the impacts of regulatory/ Macroeconomic changes/ Business Risk Factors (What-if Scenarios) on Earnings Forecast to Top Management to support informed decision making at all levels.

5. Pro-active periodic support in strategy formulation/review by suggesting the impact of changes in key business drivers for successful realization of financial goals of the organization.

Key Competencies Required

Excellent Accuracy of work

Excellent Management skills

Excellent interpersonal skills

Excellent English written and verbal communication skills

Strong analytical and presentation skills

Should be a team player