Presentation on theme: "Mr Sangramjit Sarangi ICAI Membership Number :"— Presentation transcript:
1Mr Sangramjit Sarangi ICAI Membership Number : 060613 ICAI Awards 2012CFO – Financial Sector (Insurance)photoHead of Finance – SBI LIFE INSURANCE COMPANY LIMITED
2Turnover (Sales) of the Company in Rupees: Rs.13,133.74 Crore Net worth of the Company:Rs.2, CroreMarket Capitalization of the Organization:Not Applicable (unlisted company)Note: Please give details of the company where the person is located. For CA Business Achiever or CFO where person is handling multiple companies within a group, please give composite details of all companies under the domain of nominee. Details of Individual companies may be given separately. The applicants of CA Professional Achiever should give details only of the company where they are working.
3KEY ROLE IN THE ORGANIZATION Managing long-term and short-term financing requirement of the Company maintaining sufficient liquidity and deploying funds for optimum utilizationAccountable to the Board and Stakeholders for financial activities of the CompanyManaging the Finance & Accounts department’s various functions, including but not limited to, Treasury Operations, Investment Portfolio Administration, Investment Risk Management & Performance Analysis, Investment Accounting & NAV, Strategic Planning & Management, Business Analytics, Financial Accounting & Reporting, Stakeholder Reporting, Taxation, Audit & Compliance, Banking Arrangements, Vendor Negotiations and Intermediaries & Policyholders’ Payouts.
4MAJOR ACHIEVEMENTS‘Gold shield’ and ‘Silver shield’ awards from ICAI for ‘Excellence in Financial Reporting’ for the FY 2010 & FY 2011 respectivelyContribution to ICAI for issuing guidance note on ‘Internal Audit of Life Insurance Business’The Opex ratio (Operating Expenses to Gross Written Premium) has come down to 6.8% in FY 2012 from 8.6% in FY 2009 resulting in a straight 20% reduction in expense ratio and hence improved profitability
5MAJOR ACHIEVEMENTSAutomation of various processes - Implementation of various systems at SBI Life such as Investment Risk Management Systems & Processes, Expense Management System, NDS-OM, etc within a short span of 3 yearsThe achievements are as a Team Leader of 89 members (Head of Finance).Note- Please specify exact role whether the achievement is as a member of team or team leader or in any other capacity.