Sr. Team Member - FPBC
Star Union Dai-ichi Life Insurance Company Limited
Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2007 between two major Indian PSU banks - Bank of India and Union Bank of India - and Japan's Dai-ichi Life Holdings.
We have served over 15 million customers through more than 19,500 bank branches across India. Our network includes 1,950 rural bank branches, ensuring insurance reaches remote areas.
SUD Life focuses on creating insurance products that meet different customer needs across all segments of society. With our promoters' 100+ years of commitment and combined strengths, we aim to become a leading name in India's life insurance sector while delivering value to all stakeholders.
Established in 1902, Dai-ichi Life is the second largest life insurance company of Japan and is one of the top ten life insurers globally, renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses.
At SUD Life, our customers are our priority. We are committed to providing insurance products that serve our customers’ unique needs across various strata of society and geographies.
The promoters of SUD Life have a long-term commitment towards their customers and stakeholder. These strengths and values have been inherited by SUD Life, as we make our way to becoming the next rising star in the Indian life insurance business, promising exceptional value to all.
To Know More About Us Please Visit
Our Website: https://www.sudlife.in/
Our LinkedIn Page: https://www.linkedin.com/company/13201422
Our Talent Philosophy
At Star Union Dai-ichi Life Insurance, we will ensure to nurture our people and provide opportunities to learn, succeed and build careers to the best of their abilities, thus creating and unlocking value for self, the organization, and the society at large.
Key Responsibilities
Set the appropriate OPEX budget to realize stable operations & increase of corporate value
- Preparation Of Budget Template
- Visualization/Socialization of formulation process
- Introduction of expenses Verification before approval/uses
- Assist in Negotiation for unnecessary expense
- Preparation of 10 years OPEX
- Expense allocation working
- Monthly budget control.
- Give alerts with analysed trend.
- Suggest solution on optimization.
- Identifying the details of the provision
Support the analysis of expense consumption data by compiling relevant financial information and identifying basic trends or discrepancies, contributing initial observations for discussion within the team regarding potential cost optimization. Provide suggestions to Team on Quarterly basis about the improvement in existing report or requirement of additional reports
Increase the visibility of Budget vs Actual analysis related with OPEX from various perspectives such as channel wise, Dept wise, etc.
- Channel wise analysis
- LOB wise analysis
- Dept wise analysis
- Expense head wise analysis
- Competitors analysis
- Visualization of operating process
- Automation of the process by introducing the tool, where possible.