Job Description:
This role is responsible for managing debtors & ensuring timely recovery of brokerage & rewards for all business verticals. This role is also responsible to mediate between the reinsurance Operations vertical & finance team to ensure seamless processing.
Key Result Areas
Supporting Actions
Receivable Management
Liaison with Insurance companies, Vertical Heads, Branches for collection, Confirmations, provisioning, Refund, Policy copies, Co- Insurance settlement, LiabilitiesHandling Audit requirements(Statutory as well Internal)- Processes adhered as per defined SOP, implementation of audit suggestions, clearance of audit observationsHandling IND AS requirement-Expected Credit Loss Model (ECL)ICFR Requirements follow up and coordination with Internal teams as well as auditorsStructured MIS with slice and dice circulated across various levels to assist regular follow-upUnderstanding the source of information to track the outstanding across various areasInteractions and co-ordination with internal teams to ensure timely receipt/settlement
Reinsurance Operations
a) Streamline the RI process
b) Introduce maker checker and other controls
c) Regular monitoring
d) Best processes to reduce operational risks and potential errors
e) Upgrade and use of system with inbuilt validation for systemic checks
f) Address needs of GST requirements for RI
Project Management (MIS Project, Business Excellence and any other Projects assigned during the year)
Get the understanding of the project, requirement analysis etc.Interaction and co-ordination with internal teams to ensure timely availability of requirementEnsure requirement are properly documented and signed offProject Management on automation of Balance Scorecard
Six Sigma/Kaizen Project
Identify areas for process improvements, InnovationDevelop time frames and assess costsavings/improvements in time
Implement the solution
Balance Score Card
Contributing to implementation of Balance Scorecard measures for the functionEvolving baseline numbers for the prescribed measuresEvolving new measures to be tracked
Providing the required information to support the committed Balance scorecard measures in a timely manner
Qualifications:
Any Graduate
Minimum Experience Level:
8-15 Years
Report to:
Consultant
