Head of Strategy

Designation: VP

Direct Reporting: Chief Strategy & Data Officer

Highest Education : MBA

Relevant Experience : 15-20 years

About company : Life Insurance Company, over 15 years, the company has sold and serviced customers through a diverse network across Tier 1, 2, and 3 cities. It offers a wide range of life insurance solutions, including individual and group products like life, health, online term plans, retirement solutions, credit life, and employee benefits, using direct sales, digital channels, agencies, and field teams.

Job Objective :

The Head of Strategy develops and executes effective strategies to create value for stakeholders and transform the business. This role involves conducting external research and analysis to provide actionable insights for senior management.

Key Responsibilities :

1. Business Impact

- Provide short- and long-term strategic insights for growth.

- Support strategic planning processes, incorporating market intelligence.

- Facilitate reviews of strategic initiatives and budgets.

- Collaborate on new initiatives, like digitization, and align with company vision.

2. Stakeholder Engagement

- Identify strategic initiatives based on customer insights.

- Engage relevant stakeholders for input and influence.

- Communicate findings and action plans effectively.

3. Leadership & Teamwork

- Provide leadership to address organizational challenges.

- Collaborate with various functions across the organization.

4. Operational Effectiveness

- Clearly define problems and lead solutions.

- Drive end-to-end execution of strategic initiatives.

- Manage governance and communication processes.

Key Performance Indicators:

- Financial: Deliver results during the B-O-O-T stage.

- Customer: Drive innovation within the organization.

- Process: Effective strategic management processes.

Major Challenges:

- Collaborating with diverse stakeholders to align on strategic changes.

- Navigating ambiguous business problems.

Required Skills:

- Leadership: Inspire and unify cross-functional teams.

- Communication: Clearly convey strategic information and insights.

- Collaboration: Build trusting relationships for effective strategy formulation.

- Analytical Skills: Perform financial analyses and strategic evaluations.

- Interpersonal Skills: Thrive in collaborative settings and manage multiple projects.

- Business Acumen: Strong understanding of industry dynamics.

- MS Office Proficiency: Skilled in Word, Excel, and PowerPoint for reporting and presentations.

Competencies :

- Customer-Focused: Enhance customer experience.

- Visionary: Advocate for the business's vision.

- Decision-Making: Use diverse knowledge to create solutions.

- Market Awareness: Leverage macro trends for strategic advantage.

- Cultural Alignment: Promote cultural standards within the organization.

- Results-Driven: Innovate to improve efficiency and effectiveness.