Financial Planning Analyst

To support strategic decision-making, regulatory compliance, business planning, and stakeholder reporting through accurate, timely, and insightful financial and operational analysis. The role is responsible for regulatory reporting, management reporting, business analytics, industry benchmarking, and supporting automation initiatives across the organization.

Key Responsibilities

1. Regulatory Reporting & Compliance

• Ensure 100% accuracy and timely submission of all regulatory reports to regulatory and industry bodies, including IRDAI, GIC and other authorities.
• Monitor reporting requirements and coordinate with stakeholders to ensure compliance with statutory timelines.
• Maintain robust controls and validation procedures for regulatory data submissions.

2. Management Information & Ad-hoc Reporting

• Provide timely and accurate responses to ad-hoc data, analytical and reporting requirements from internal stakeholders across departments.
• Prepare and validate business performance reports, dashboards, and management presentations.
• Support senior management with data-driven insights for operational and strategic decision-making.

3. Annual Operating Plan (AOP) Support

• Play an active role in the preparation of the Annual Operating Plan (AOP) by providing accurate financial and business data, analytical support, forecasting inputs, and strategic insights.
• Assist in budget planning, performance tracking, variance analysis, and business outlook assessments.
• Collaborate with business teams to drive fact-based planning and decision-making.

4. Strategic Analytics & Decision Support

• Perform critical data analysis and reporting activities that support business growth, profitability improvement, and regulatory compliance.
• Generate actionable insights through financial, operational, and market analysis.
• Support senior leadership in evaluating business performance and strategic initiatives.

5. Insurance-Specific Business Reporting

• Prepare and analyze data related to:
• Advance and Long-Term Premium calculations
• Incentive calculations and reporting
• Rural and Social Sector obligations reporting
• HIR reporting
• Public disclosures
• Board and Committee presentations/materials
• Ensure consistency, accuracy, and completeness of all business-critical reporting outputs.

6. Industry Benchmarking & Market Intelligence

• Develop and maintain a comprehensive General Insurance Industry Database.
• Conduct competitor benchmarking and market performance analysis.
• Provide comparative insights to management on market trends, business performance, and strategic positioning.

7. Global Reporting & Stakeholder Management

• Prepare and deliver comprehensive financial, business performance, and analytical reports to Shareholder’s.
• Ensure alignment of reporting standards and consistency of information shared with global stakeholders.
• Address queries and provide analytical support to international stakeholders as required.

8. Data Management & Business Intelligence Automation

• Partner with the IT and Digital teams in automation initiatives.
• Provide business requirements, data mappings, validations, and testing support for BI and reporting tools.
• Drive reporting efficiency through process improvements, automation, and data governance initiatives.

Key Performance Indicators (KPIs)

• 100% accuracy and on-time submission of 20+ regulatory reports.
• Timely closure of ad-hoc reporting requests.
• Quality and timeliness of AOP support and planning deliverables.
• Accuracy of business-critical calculations and disclosures.
• Development and maintenance of industry benchmarking database.
• Timely submission of reports to Sompo Japan and Sompo International.
• Contribution to automation and reporting efficiency improvements.

Required Competencies

• Financial Planning & Analysis (FP&A)
• Regulatory Reporting and Compliance
• Management Reporting & MIS
• Data Analytics and Business Insights
• Budgeting, Forecasting & AOP Planning
• Stakeholder Management
• Advanced Excel, Power BI, SQL and Reporting Tools
• Insurance Industry Knowledge
• Process Improvement and Automation
• Strong Analytical and Problem-Solving Skills

Educational Qualification & Experience

• MBA Finance, Commerce Graduate or equivalent qualification.
• Relevant experience in FP&A, business reporting, regulatory reporting, or insurance analytics.
• Experience in General Insurance industry preferred.