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▷ [02 / 10 / 2025] Financial Planning and Analysis Specialist

▷ [02 / 10 / 2025] Financial Planning and Analysis Specialist

Bima Sugam India FederationIndia
13 hours ago
Job description

Position Objectives

  • Strengthen financial planning and analysis (FP&A) to provide strategic insights that guide business growth and sustainability.
  • Ensure financial discipline and efficiency by driving accurate budgeting, forecasting, and variance analysis.
  • Enable informed decision-making through robust financial modelling, reporting, and collaboration with cross-functional teams.
  • Advance Bima Sugam’s mission by aligning financial strategy with the vision of transparency, accessibility, and empowerment for citizens.

Indicative Responsibilities

  • Support the annual budgeting and forecasting process by preparing detailed analyses and consolidations.
  • Develop and maintain financial models to track revenue, cost structures, and platform performance.
  • Prepare regular reports and dashboards, highlighting trends and variances and actionable insights.
  • Monitor key financial metrics such as revenue transactions, platform adoption, and operating costs.
  • Provide financial guidance to business teams on projects, pricing, and cost initiatives.
  • Assist in vendor evaluation and cost benchmarking in collaboration with the procurement team.
  • Support Regulator and industry reporting by providing accurate financial data and analyses.
  • Identify opportunities for process improvements and automation in reporting and analysis..
  • Reports To

    Lead FP&A

    Coverage / Sub functions

    Financial Planning & Budgeting

  • Coordinate the annual budgeting process, ensuring timely and accurate submissions.
  • Prepare rolling forecasts for revenue, expenses, and cash flows, analyzing business trends and external factors.
  • Financial Analysis & Reporting

  • Conduct variance analysis of budgets vs. actuals and forecasts, identifying key drivers.
  • Prepare monthly and quarterly reports, dashboards, and KPI summaries for management.
  • Collaborate with cross-functional teams to deliver actionable financial insights.
  • Strategic Support

  • Build and maintain scenario-based financial models and sensitivity analyses.
  • Support initiatives like product launches, cost optimization, and business expansion.
  • Evaluate and present the financial impact of strategic and operational decisions.
  • Process Optimization

  • Improve FP&A tools, reporting systems, and processes for accuracy and efficiency.
  • Drive automation initiatives and enhance data visualization for better accessibility.
  • Stakeholder Support

  • Partner with finance leadership and departments to provide timely analyses and reports.
  • Prepare financial materials for auditors, regulators, and other external stakeholders.
  • Key Skills & Competencies

  • Expertise in budgeting, forecasting, and scenario analysis
  • Proficient in building financial models to evaluate business performance.
  • Ability to track and optimize expenses, identifying cost-saving opportunities.
  • Strong analytical skills to extract insights from large datasets using business intelligence tools.
  • Experience working across finance, operations, and technology teams.
  • Strong communication skills to present insights to senior leadership and regulatory bodies.
  • Key Behavioural Traits

    A founding member at BSIF :

  • Understand that Integrity, open & honest demeanour (transparency) & fair conduct is non-negotiable.
  • Learns on the job, evolves with the role & navigates uncertainty with perpetual optimism
  • Holds the “team above self”; “gets along” & finds common ground in the best interest of all our stakeholders
  • Is frugal and uses scarce resources wisely
  • Has an “owners’ mindset”
  • Is self-motivated / passionate, self-disciplined, has a continuous improvement mindset, doesn’t need to be told what to do & never says “that’s not my job”
  • Owns the task in entirety (even if involves other functional areas), has an eye for detail & an ability to incorporate all points of view and take matters to closure
  • Is of service to her / his teams who chose to work with them (applicable for managers)
  • Qualifications

  • CA / MBA in Finance with 3–10 years of relevant experience.
  • Strong expertise in financial planning, analysis, and modelling.
  • High degree of proficiency with Excel, Power BI and PowerPoint.
  • Exposure to AI / analytics (through courses or practical application) will be valued to strengthen future-focused financial decision-making.
  • Location

    Mumbai (work from office)

    About Bima Sugam :

    Pursuant to the “Insurance Regulatory and Development Authority of India (Bima Sugam - Insurance Electronic Marketplace) Regulations, 2024” dated 20 March 2024, Bima Sugam India Federation (BSIF) has been established as a “not for profit company” formed under section 8 of the Companies Act, 2013. The main objective of the Company is to establish, facilitate, develop, operate and maintain the “Insurance Electronic Marketplace” as a robust Digital Public Infrastructure with open standards and interoperable platforms, enabling seamless integration with various services to facilitate inter purchase, sale, servicing of insurance policies, settlement of insurance claims, grievance redressal and other related matters as permitted under the objects of the company. The platform is aimed at digitizing insurance in India and potentially becoming the first of its kind globally. This is an insurance industry led initiative and the shareholding of the Company shall be widely held amongst Life Insurers, General Insurers and Health Insurers with no single entity having controlling stake.

    BSIF is committed to building a “people-first” workplace, focussed on organization’s performance & on people outcomes. We are in the process of building our founding team, a team bound by a sense of mission and inspired by BSIF’s social objective. We seek to attract the best talent from various industry domains (including but not limited to Insurance & Financial Services, Tech Led New Age Economy Companies, FMCG companies etc.) to live their potential as well as to contribute to a noble cause.

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