Note: The job is a remote job and is open to candidates in USA. Veracity Software Pvt. Ltd. is seeking a Finance Director for their Wealth & Annuity Segment, a role that is fully remote with some travel required to the corporate headquarters. The position serves as a Strategic Financial Business Partner, focusing on financial management and supporting business leaders in achieving strategic goals within the Wealth Segment.
Responsibilities
- Serve as a key member of the assigned area Leadership Team
- Actively participate in strategic and tactical planning, providing a financial perspective
- Work with business leaders and potential external partners to identify, plan and execute strategic profit improvement tactics
- Provide financial and strategic support in various activities such as product development/exit strategy, Mergers and Acquisitions, incubator and/or transformational efforts including outsourcing tactics
- Partner with the Finance organization to ensure strong performance management discipline
- Collaborate with other Finance functions to ensure consistent and effective decision making
- Provide leadership on cross Finance or cross-organizational projects
- Lead/coordinate cross-functional team meetings to facilitate and ensure sharing of information, manage customer expectations, and ensure 'one voice' of finance
- Build and lead staff to support and drive departmental/corporate goals and strategy
- Develop staff capabilities and cultivate talent for future advancement
- Ensure that the critical success factors which drive the financial models are clearly identified and quantified, and that there are integrated, actionable, and well-documented strategic and tactical plans to support these factors and the resulting planned and forecast financials
- Identify the need for and direct the development and maintenance of business and financial models and reports that support the assigned area leaders in improving, planning, and making decisions
- Facilitate the business management process within the assigned area
- Manage the business models and plans, focusing on meeting current business and financial expectations
- Drive the problem-solving process regarding financial performance variances
- Recommend actions to address variances to the assigned area Leadership Team
- Design/support programs to strengthen financial literacy within the assigned area
- Serve as a senior strategic leader within the Wealth business, with a primary focus on annuities and pension risk transfer (PRT), driving growth and profitability in institutional and insurance-based solutions (not broker-dealer distribution)
- Drive end-to-end coordination and execution across critical actuarial and financial functions, including: Investment management, Asset-Liability Management (ALM), Pricing and product design, Capital management, Reinsurance strategy, Valuation and financial reporting
Skills
- Bachelor's degree in a Financial Discipline
- Professional designations such as CPA, CMA, CLU, ChFC, CCUE, or FSA indicating professional competency in financial and insurance related areas
- 4-5 years of experience leading teams or providing direction to other resources
- 3-5 years of experience in providing executive consultation and influencing business decisions
- 12+ years of work experience in financial management with managerial responsibility for functional activities in the financial services industry
- Experience working with sales and revenue models, company financials, product pricing and profitability models and performance measures
- Strong verbal and written communication skills
- Demonstrated leadership and ability to get positive results through influence, persuasion, leadership, presentations and group facilitation skills
- Deep expertise in annuities and/or pension risk transfer, with a strong understanding of insurance balance sheets and liability-driven investing
- Actuarial or highly quantitative background (e.g., ASA/FSA, CFA, or equivalent experience), with demonstrated ability to apply rigorous analytical frameworks to business strategy and financial decision-making
Company Overview
At Veracity, if you have an idea you want to validate, a product you need to build, or an existing product that needs optimization, our teams are trained to jump in wherever needed. It was founded in 2010, and is headquartered in Pune, Maharashtra, IN, with a workforce of 51-200 employees. Its website is https://www.veracity-us.com.