Senior Manager
Generali Central Life Insurance · Mumbai · onsite · Posted 33d ago
Undisclosed7–12 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Objective / Purpose
Ensuring managing of the group activities with adherence to the defined TAT and contributing to the operational development, standardization & improvement of the process. He/She will manage all transactions pertaining to Credit Life policies, fund & Group Term Life
About Us
Generali Central Life Insurance Company Limited (GCLI) is a joint venture between two leading groups: Generali Group- A global insurance group that features among the top 50 largest companies in the world and Central Bank of India - A leading bank in India.
- Handling all strategic projects & Initiatives for Group Business; coordinating with internal/external stakeholder for seamless execution of projects and service delivery.
- Working with IT team for system integration & digitalization to ensure process automation and flawless Project delivery.
- Formulate & implement guidelines & processes; mentoring the team to deliver high standard of customer experience.
- Ensure timely submission of all Financial, Management, Regulatory and Compliance Reports for Group Business.
- Handling all internal and external audits for the department; develop Process controls & assurance to Quality standards.
- Handling all Legal & Compliance related matters and ensure zero non-compliance by adherence to IRDAI circulars.
- Support Sales, Broker, Partners, Customers & other functions for business development in accordance with requirement.
- Ensure all the financial transactions are reconciled; managing receipting and Accounting Operations for Group Policies
- Achieve Defined TATs for operation process - NB Issuance , Renewal, dispatch , refund/benefit , pay-outs, endorsement , claims, quotes TATs
- Managing Non-med underwriting of New Business cases, validation of Data/ Proposal forms and other documents.
- Managing issuance and dispatch of Policy/ Certificate of Insurance/ Endorsement to the customers
- Managing issuance of Endorsements/ Letters
- Managing timely processing and payment of Gratuity/ Leave Encashment/ Superannuation / Group Saving-link/ and Surrender Claims. Processing of Foreclosure and Cancellation/FLC of policy.
- Managing End to end Medical coordination through TPA; conduct the medical tests, Letters generation & dispatch, collection of medical reports and ensure timely U/W decision provided.
- Effectively liaise with cross functional teams, broker, clients and external departments to ensure smooth functioning of the existing processes as well as new business set up.
- Periodic reconciliation of Policyholder s account balances with Finance team and ensure suspense clearance.
- Managing timely submission of all Financial, Management, Regulatory and Compliance Reporting for Group Business.
- Ensure timely submission of New Business/ Renewal reports to IRDAI on monthly / quarterly / semi-annually / annually and Adhoc basis. Submission of all claims related reports to IRDAI on quarterly and semi-annually basis.
- Ensure timely submission of all BAP reports uploaded on IRDAI BAP portal after validation from compliance.
- Prepare and publish different financial reports, MIS & Dashboards to build strong process control within/outside the team. Provide business data to Sales support team/Reinsurer/Actuaries etc.
- Analysis of complex business data, designing reports, both from a structure and style perspective that will be supplied direct to senior management, reinsurance, regulator and other stakeholders
Educational Qualification
Post Graduate
Experience
7 Years of relevant exp.
Competencies
Nurture our People
Planning & organizing
Result orientation
Shape the Industry
Team player
Value the customer
Skills
- Domain Expertise
- Process Excellence
- Relationship Building & Influencing
- Knowlwdge of Group Asia System
Title: Senior Manager
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
AssuranceReinsuranceClaimsunderwritingLegal Complianceoperationsrelationship buildingreconciliationTPAMIS
About Generali Central Life Insurance
Generali Central Life Insurance
Insurance
2.6k+
employees
About
Generali Central Insurance Company Limited (formerly known as Future Generali India Insurance Company Limited) is a strategic joint venture between two distinguished financial institutions: the Generali Group, a global insurance enterprise with 193 years of operational heritage holding a 74% majority stake, and the Central Bank of India, India's first commercial bank with 113 years of established banking excellence. Established in 2006, the Company was set up with a clear mandate to offer retail, commercial, personal, and rural insurance solutions, enabling individuals and businesses to effectively manage and mitigate risks. Generali Central Insurance (GCI) broke even in FY 2013-14 - a landmark achievement in just six years of operations.
Industries
InsuranceFinancial Services
Employee ratings
2,137 reviews
3.5/ 5
Culture
3.4
Career growth
3.1
Work-life
3.5
Employees rate it well for
Work Culture214Senior Management185Work Environment154Salary137Work Life Balance97
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