Manager - Planning and Budgeting
4 days ago
Tawuniya is the largest Insurance company in the Middle East and North Africa. We provide full suits of insurance products and services.
We are excited to announce that we are seeking an experienced and dynamic professional to join our team as the Manager – Planning and Budgeting.
- Role Purpose: To lead Property and Casualty sector planning and reporting activities through overseeing the development of divisional plans, monitoring implementation progress, and guiding reporting activities.
- Sector Planning:
- Keep abreast of Property and Casualty insurance best practices, latest trends, and updated regulations while leveraging market research and benchmark analysis to incorporate in the planning cycle.
- Act as the focal point of contact for Strategy and Corporate Performance Office functions to receive established strategic directions and objectives.
- Lead cross-functional collaboration to collect requirements, inputs, challenges, and historical data from all Property and Casualty divisions to initiate the planning cycle.
- Establish high-level objectives and targets to devise a shared Property and Casualty strategy in alignment with Tawuniya's overall strategic direction.
- Oversee the cascading of sector strategy and plans to P&C functions, and establish KPIs to track the implementation of the aforementioned plans.
- Support in integrating CX interventions in sector strategies and work closely with internal P&C functions to create cross-functional teams.
- Oversee the provision of support for Property and Casualty functional plans development (targeted customers, market opportunities, value proposition, etc.) to attain set objectives.
- Maintain robust relationships with all Property and Casualty divisions and lead regular interventions/engagements to enhance cross-functional collaboration.
- Guide the development of project plans in coordination with Enterprise Portfolio Management Office to ensure alignment with overall portfolio and strategic initiatives.
- Development and execution of annual plan, budget, objectives and initiatives.
- Manage the operation and activities within the budget.
- Research and benchmark analysis and identify national/international best practices, latest trends as well as the market positioning.
- Track the implementation and measure performance of strategy/plans.
- Monitor Property and Casualty deliverables/progress against pre-set plan and milestones to ensure alignment with overall strategic goals and high-level business plans.
- Lead the development of strategy reports to highlight implementation of Property and Casualty strategy, functional plans and KPIs.
- Oversee assessment of function metrics and key performance indicators to raise challenges and underperforming areas to concerned stakeholders.
- Oversee financial analysis and analytics, and guide financial reports development in coordination with concerned stakeholders to provide insights and propose improvements.
- Guide the development of improvement opportunities and take corrective action plans for the next cycle highlighting raised issues and challenges to ensure smooth operations.
- Contribute to the identification of opportunities for continuous improvement to enhance productivity, attain high quality outputs, and cost effective results in line with relevant regulatory requirements.
- Supervise day-to-day activities ensuring compliance with stipulated policies, procedures and processes, and escalate identified noncompliance cases.
- Participate in the acquisition and selection of potential new talent, and integration of new joiners and provide sufficient on the job training.
- Contribute to setting team members' objectives, clarifying expectations, reviewing performance periodically, providing regular feedback, coaching, and confronting unsatisfactory behavior or performance.
- Support in identifying team members' development requirements, and the evaluation of learning interventions' effectiveness on performance.
- Contribute to managing team members working plans e.g., leaves, working hours, etc.
- Promote a productive working environment.
- Bachelor's Degree in Business Administration or equivalent is required.
- Minimum 5 years of experience in the insurance field with at least 1 year of experience in a managerial position.
- Mid-Senior level
- Full-time
- Finance, Strategy/Planning, and Analyst
- Insurance, Financial Services, and Insurance Agencies and Brokerages
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