Director FP&A

Company Overview

Turtlemint Insurance Services Pvt. Ltd., founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, is a Mumbai-based insurtech platform headquartered in Mumbai, Maharashtra, India. The company simplifies insurance purchasing by offering a digital platform for comparing and buying car, bike, health, and life insurance policies, supported by a network of over 300,000 Point of Sale Person (POSP) advisors across 17,000 pin codes. Turtlemint has facilitated over 10 million policies and raised $220 million in funding, achieving a valuation of $900 million in its 2022 Series E round led by Amansa Capital, Jungle Ventures, and Nexus Venture Partners. With total income surging to ₹506.5 crore in FY24, Turtlemint aims to raise $200-250 million to fuel expansion into mutual funds, loans, and global markets like Southeast Asia and the UAE.

Job Summary

The Director of Financial Planning and Analysis (FP&A) will lead the FP&A function at Turtlemint, a rapidly growing insurtech company operating at a scale of over US$ 250 million in premium generation annually. This role is critical in building Annual Operating Plans, supporting investor reporting, and overseeing revenue and profitability management. The position will involve leading a capable team and potentially expanding to include data science talent as the business grows, supporting the company’s ambition to go public in the coming years.

Responsibilities

• Lead the FP&A function and manage a small, highly capable team.
• Develop and track the Annual Operating Plan, utilizing analytics dashboards for effective tracking of monthly performance.
• Establish monthly Management Information System (MIS) reports for investors and ensure timely submissions and query resolutions.
• Create a robust Business Performance Management framework with clear dashboards for ongoing business tracking and new initiatives.
• Oversee revenue and Gross Margin management, ensuring performance aligns with plans related to net margins, contribution margins, and EBITDA.
• Evaluate new business proposals and investments, collaborating with project sponsors and relevant CXOs.
• Conduct systematic and adhoc investor reporting, including necessary uploads to reporting portals.
• Implement proactive cost management processes and commercial management for key contracts to minimize recurring costs.
• Support audit and due diligence processes and help lead fundraising efforts, including setting up data rooms and building financial models.
• Assist the CEO and COO in investor outreach and presentations.

Qualifications

• Chartered Accountant with at least 10 years of experience in FP&A or finance functions, preferably in a medium-sized company.
• Strong financial modeling skills and experience leading a team.
• Excellent communication skills, both written and verbal, with strong interpersonal skills.
• Experience in procurement and vendor selection with a focus on commercial negotiations.
• Highly organized, with a strong attention to detail.
• Advanced proficiency in Excel; experience with data analytics tools like Tableau or Power BI is advantageous.
• Self-starter attitude with a proactive approach to tasks.

Preferred Skills

• MBA is not mandatory but will be advantageous.
• Exposure to analytics packages such as Tableau or Power BI is a plus.

Experience

• Minimum of 10 years of relevant experience, preferably in FP&A or similar roles.

Environment

• Information on work setting, location (remote, in-office, hybrid), and any physical conditions relevant to the job is currently not specified.

Salary

• Salary details are not specified.

Growth Opportunities

• Potential for career advancement as the company scales and moves toward an IPO.

Benefits

• Benefits information is not specified.