Assistant Vice President

Position:- Assistant Vice President

Department:-Distribution Finance & Strategy Support

Take lead in annual financial planning and budget preparation for all Distribution channels (retail & group)

Owner of P&L for Distribution channels and lead liaison with Corporate MIS team (Finance)

This includes Profit and Loss account analysis basis Sales topline and detailed cost workings (fixed and variable costs)

Standard KRAs:

Monthly Cost variance analysis : Budget Vs actual and share the variance analysis report with all sales function heads.

Detailed cost analysis of all expense heads to ensure correctness of accounting entries across all Agency Channel and close the observation with finance team for correctness

Analyze branch level costs and employee level claims and highlight anomalies to help prevent overruns & fraudulent claims

Preparing monthly financial reporting MIS and share with function and Zonal head.

Plan and schedule monthly review meeting with Distribution function heads to take them though financials and cost deviations which require action.

Plan and schedule quarterly meeting with Zone heads to take them though zonal P&L position and highlight the concern areas which require their attention

Ensuring provisioning is reviewed and shared with accounts team for all major expenses

Prepare P&L analysis for sub-channels / initiatives taken up by distribution channels

Timely completion of ad hoc activities assigned by seniors.

Education: Qualified CA / MBA Finance

Experience: 3 years +

Work Location: Goregaon (East), Mumbai