Tags: Budgeting, Financial Planning, FP&A
Role Title: Manager – Financial Planning & Analysis
Employer: Leading Life Insurance Company
Required Experience: 5–8 Years
Location: Mumbai
Date published: 4 April 2026
A Leading Life Insurance Company is seeking a strategic Manager – Financial Planning & Analysis (FP&A) to join its finance leadership team in Mumbai. In this pivotal role, you will lead the annual budgeting process and drive the long-term financial forecasting for the organization. Furthermore, you will provide deep analytical insights into business performance and expense management. Consequently, this position is vital for supporting executive decision-making and ensuring the company meets its financial targets.
The Manager – Financial Planning & Analysis must bridge technical accounting with strategic business growth. Additionally, you will lead the preparation of management reports and board presentations to track key performance indicators. Therefore, the company is looking for a professional with a strong background in insurance finance and a data-driven mindset. If you are a CA or MBA with a passion for financial modeling, this Manager – Financial Planning & Analysis role offers a premier professional opportunity.
Key Responsibilities
- Lead the end-to-end annual business planning and budgeting cycle for all departments.
- Develop and maintain complex financial models for long-term forecasting and scenario analysis.
- Monitor actual performance against budgets and provide detailed variance analysis to the management.
- Oversee the expense management framework and identify opportunities for cost optimization.
- Prepare high-quality MIS reports, board presentations, and executive summaries.
- Analyze key business drivers such as VNB, persistency, and sourcing mix to assess profitability.
- Collaborate with the Actuarial and Strategy teams to align financial plans with business goals.
- Manage the implementation and enhancement of automated planning and budgeting tools.
- Support the CFO in ad-hoc financial analysis and strategic business projects.
- Ensure that all financial reporting complies with internal governance and IRDAI standards.
Requirements and Qualifications
- Chartered Accountant (CA) or MBA Finance from a top-tier institute.
- 5 to 8 years of experience in FP&A or Financial Planning, preferably in the life insurance sector.
- Strong technical proficiency in MS Excel (Advanced), VBA, and financial modeling.
- Excellent understanding of insurance accounting principles and financial metrics.
- Exceptional communication skills for presenting financial insights to senior stakeholders.