Assistant Manager : Team Leader – Underwriting : Life Insurance

2 - 5 Years
Mumbai

Job Description

Role Purpose
To underwrite and provide technical support for an effective and efficient underwriting team management for life insurance venture in Indian market, in line with the group and to ensure that Life Insurance venture provides professional underwriting service to its clients and maintain healthy levels of profitability, growth and development.

To supervise the underwriting team to maintain the productivity levels as well keep them motivated. Provide quality check and ensure that internal audits and measures are undertaken regularly and reviewed in order to maintain the required process (es), quality and productivity levels.

Medical underwriting to be done for Group and Policy Servicing and co-ordinate with bank channels sales personnel for all underwriting queries and resolution.

Principal Accountabilities:
  • By technical assistance to team and sales in all complex and High Sum Assured proposals, risk
  • identification and extra premium estimation.
  • By doing reinstatement underwriting of Lapsed cases forwarded by policy servicing team.
  • By underwriting and providing assistance in underwriting complex medical cases and HNI (High Net worth Individual cases) cases.
  • By ensuring quality check on underwriting decisions, documentation and system check.
  • To recognize training needs and recommend underwriting authority limits.
  • Working knowledge of Group Business and underwriting gog group medical proposals as per group guidelines
Customers / Stakeholders
  • By ensuring high standard of customer service and sales satisfaction.
  • By fair risk assessment to maintain profitability.
  • By providing technical assistance to Claims, Policy Servicing, Group Life Business, Complaints redressal and resolution centre.
  • By reporting EDD+ cases to Compliance team on regular basis
Leadership & Teamwork
  • Ensure better supervision of team
  • Skilled team management
  • Maintain high quality and efficient volume processing service
  • Monitoring productivity of the team.
  • By directing active talented individuals for training.
  • Continual improvement of processes/systems for quality and efficiency.
  • nsuring that Service Level Agreements are met.
  • Creating an environment where initiatives for improving quality and controlling costs are identified, implemented and met.

Operational Effectiveness & Control
  • Maintain internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators
  • Implementation of Group Compliance Policy as applicable to the role.
  • Awareness of the operational risk associated with the role and the action to be taken to minimize the likelihood of operational risk occurring including risk identification, assessment, mitigation and control, loss identification and reporting.
  • By adhering to the Groups agreed processes and procedures Achieving a satisfactory audit report.
  • By adhering to compliance.
  • By addressing any areas of concern in conjunction with line management and/ or the appropriate department.
  • By providing training on risk identification and assessment.

Salary: Not Disclosed by Recruiter

Industry:Insurance

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Finance/Audit

Role:Credit/Control Manager

Keyskills

Desired Candidate Profile

Please refer to the Job description above

Company Profile

Skill Ventory

We work as RPO firm, where clients and companies transfer their recruitment worries on us right from sourcing right candidate, interview, offer, acceptance, till his final joining.
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Contact Company:Skill Ventory