Financial Planning and Analysis Specialist

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.