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Senior Manager ? Financial Planning & Performance Management

5.00 to 10.00 Years   Jeddah , Saudi Arabia   25 Apr, 2022
Bupa Arabia
1 Jobs Openings
Job LocationJeddah , Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA
Functional AreaNot Mentioned

Job Description

The Senior Manager ? Financial Planning & Performance Management will conduct financial planning & analysis, budgeting, forecasting and performance management activities that allow for more informed decision making by executive management and the Board of Directors.Annual Operating Plan and 3 Year Plan

  • Support in preparing the Annual Operating Plan (?AOP?), 3 Year Plan (3YP), and intra-year forecasts on a detailed revenue and cost centre level in coordination among all departments
  • Assist in conducting scenario analysis on AOP and 3YP
  • Complete Bupa Group Templates for AOP, 3YP, and intra-year forecasts to ensure that all group requirements for the planning cycle are completed
  • Collect monthly company performance data, compare it to AOP, and analyse sources of variance
  • Design financial models needed for all planning/forecasting related activities such as BDP, commissions, volume rate analysis and any other ad hoc required models
  • Assist in designing spreadsheet templates for use by stakeholders, and updating and enhancing the templates regularly
  • Support in preparing 12-months rolling forecast for solvency, income statement, balance sheet and cash flow
Balance Sheet & Opex Management
  • Prepare monthly analysis on regulatory and IFRS solvency, risks and opportunities in order to budget and balance
  • Measure the impact of premium payment terms on bad debt expense and solvency
  • Forecast, monitor and calculate monthly Solvency
  • Analyse monthly reporting of Opex vs budget and identify key variances, issues, and trends
Performance Management
  • Leverage data to underpin the overall corporate performance and analyze to generate insights for top management
  • Support the overall decision-making process with the use of data analysis and visualization tools
  • Define and implement key initiatives to reduce waste, save cost, improve margins and profitability
Competitor Analysis and Benchmarking
  • Obtain quarterly and annual insurance market and competitor data and analyse growth, profitability, market share, and financial strength
  • Prepare quarterly & annual competitive analysis report and enhance the report on regular basis
Special Assignments
  • Assist in conducting capital budgeting and feasibility study exercises for new products and ventures
  • Support the preparation of investment cases and business plans for new products and ventures
People Management
  • Train and mentor team members to help with career growth and progression
  • Adhere to and promote Maker & Checker practice for all deliverables

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