Manager

Role Purpose
The Manager Planning will be responsible for driving financial planning budgeting and forecasting for the life insurance business with a strong focus on cost management Value of New Business (VNB) and profitability. The role partners closely with Actuarial HR and Business teams to provide actionable insights ensure financial discipline and support strategic decision-making in a regulated environment.

---

Key Responsibilities
1. Operating Expense (Opex) Planning & Control
Lead the preparation of the annual Opex plan for the life insurance business aligned with business growth plans distribution strategy and regulatory requirements.
Track and monitor Opex on a monthly basis comparing actuals with budgets and forecasts.
Analyze expense movements across acquisition maintenance employee costs and overheads to identify key cost drivers.
Drive monthly variance analysis highlight risks and saving opportunities and work with stakeholders to ensure cost optimization without compromising business growth.

---

2. Budgeting Actuarial & Human Resources
Own the annual budgeting process for Actuarial and HR functions ensuring accuracy and completeness of assumptions.
Coordinate with Actuarial teams on expenses relating to valuation experience studies modeling consultants and regulatory submissions.
Partner with HR to budget manpower costs including hiring plans incentives variable pay training and employee benefit expenses.
Ensure alignment of people costs and actuarial expenses with the companys long-term business and profitability objectives.

---

3. Expense Analytics & Outlier Management
Perform detailed analysis of expenses across channels and functions to identify outliers anomalies and inefficient spend.
Establish early-warning indicators to flag unusual trends on a timely basis.
Present clear data-backed insights to senior management enabling prompt corrective action.
Strengthen cost governance through improved MIS standardization and analytical frameworks

Stakeholder Engagement
Act as a key finance partner to Actuarial HR Distribution and Senior Management teams.
Facilitate planning and review discussions with functional heads ensuring alignment between financial plans and business strategy

Key Skills & Competencies
Strong understanding of life insurance business economics VNB and profitability drivers
Expertise in budgeting forecasting and variance analysis
High level of analytical rigor with attention to detail
Ability to work in a regulated and dynamic business environment
Excellent stakeholder management and presentation skills

Required Experience:

Manager