Senior Manager – Financial Planning & Performance Management

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

Years of Experience

• 5 - 10 years of relevant experience

Skills Required (Technical/Managerial)

• Financial Planning, Forecasting, Budgeting, Scenario Analysis, Sensitivity Analysis, Financial Statements Analysis, Competitive Analysis, Accounting, Investment knowledge, Performance Management, Variance Analysis & Insights

Other Requirements

• BS in Finance, Accounting, Economics, or any other business discipline.
• Master’s Degree is a plus
• Consulting Experience is a plus
• Professional certification such as CMA or CFA designation is a plus
• Fluent in English written and verbal. Arabic fluency is a plus.