DVP/AVP Program Head - Business Strategy

Job Summary:

- As the DVP/AVP Program Head (Business Strategy), you will be responsible for developing and managing financial schemes, analyzing portfolio yields, and ensuring compliance with market and regulatory requirements.

- This role requires close collaboration with multiple departments to optimize processes and drive overall financial performance.

Key Responsibilities:

Scheme Development:

- Create and maintain financial schemes that align with market requirements and adhere to quality standards.

- Continuously review and refine schemes to ensure they remain competitive and effective.

Portfolio Management:

- Oversee and analyze portfolio yields to identify opportunities for improvement.

- Conduct thorough analyses to pinpoint areas for growth and enhancement.

Effectiveness Analysis:

- Evaluate the effectiveness of existing schemes and policies.

- Monitor market penetration, deviations, and perform detailed analyses on dealer pay-out, VLI (Variable Life Insurance), and RBMI (Risk-Based Margin Income).

Portfolio Corrections:

- Collaborate with the collections team to analyze and address portfolio issues.

- Implement corrective measures to resolve discrepancies and improve portfolio health.

Cross-Department Coordination:

- Coordinate with compliance, risk, underwriting, and audit teams to ensure alignment with company policies.

- Facilitate communication between departments to streamline processes and resolve issues.

Process Improvement:

- Design and implement enhancements to processes related to lending, underwriting, and collections.

- Identify and execute opportunities for process optimization to increase efficiency and effectiveness.

Incentive Programs:

- Develop and manage dealer incentive programs to drive performance and engagement.

- Monitor the impact of incentive programs and adjust as needed to achieve desired outcomes.

Audit & Compliance:

- Review and assess internal controls, risk management practices, and compliance with internal policies and external regulations.

- Monitor and track the implementation of audit recommendations and ensure adherence to regulatory requirements.

Qualifications:

- Bachelor's degree in Business, Finance, or a related field; MBA or relevant advanced degree preferred.

- Proven experience in financial scheme development, portfolio management, and business strategy.

- Strong analytical skills with the ability to interpret complex data and generate actionable insights.

- Excellent coordination and communication skills to work effectively with cross-functional teams.

- In-depth knowledge of compliance, risk management, and regulatory requirements.

- Ability to drive process improvements and implement effective solutions.

- Experience in developing and managing incentive programs and assessing their impact.

Skills:

- Strategic thinking and problem-solving abilities.

- Proficiency in financial analysis and portfolio management.

- Strong understanding of compliance and regulatory frameworks.

- Ability to manage multiple projects and priorities simultaneously.

- Effective interpersonal and leadership skills