The son of Jimmy Creed will carry 60kg on Saturday, 1kg more than last year, as he strives to join Glaneuse as the only back-to-back winner of the 1600m race that was first run in 1980.
"He's pretty highly rated now, so he deserves to carry the weight," Egan said of the 13-time winner.
"He's a big horse and he's proven he can carry the weight."
Jimmy The Bear drew barrier one for the VRC-CRV Winter Championship Series Final, which was in contrast to his younger half-brother and stablemate Clevor Trever, who was handed the second-widest gate in the 13-horse Silver Bowl Series Final (1600m) that rounds out the meeting.
The Omaha Beach three-year-old also has 60kg for what is his first look at 1600m and while Egan concedes he faces a task, he thinks he is up to it.
"Maybe the weights might be a little bit different for him, because they got so close to him last time and he is getting out to the mile," he said.
"He's probably got a few more obstacles to overcome, but he's in really good form."
Egan's two other rides on Finals Day are also trained by Payne; Bold Soul in the $150,000 Banjo Paterson Series Final (2600m) and Falset Star in the $175,000 Listed A. R. Creswick Stakes (1200m).