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Bajaj FinservEmployer profile

Unit Manager - Insurance Services

Location not specified · 6–83.3 yrs

Experience
6–83.3 yrs
Salary
Not disclosed
Location
Location not specified
Work mode
Not specified
Job type
Full-time
Apply by
Closing date not listed
Posted
12 Feb 23

About this role

Job Purpose

“This position is open with Bajaj Finance ltd.”

Business process review according to IRDA compliances. Related to all insurance business partners

Duties And Responsibilities

PRINCIPAL ACCOUNTABILITIES

(Accountabilities associated with the job)

  •  Ensure compliance in accordance with IRDA norms.
  •  KYC adherence of insurance customers.
  •  Claim settlement in accordance with IRDA guidelines.
  •  Compliance with ‘Turn Around Time’ of claim settlements according to IRDA norms.
  •  Filing half yearly and annual returns.
  •  Coordination with business partners and helping them to maintain compliance.
  •   MAJOR CHALLENGES


(Challenges faced on an on-going basis in carrying out the job)

  •  Receiving data from business partners.
  •  Compliance related communication and data.
  •  Challenges related legal compliances.
  •   DECISIONS


(Key decisions taken by job holder at his/her end)

Various Product related decisions

  •   INTERACTIONS


(Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)

Internal Clients

Roles you need to interact with inside the organization to enable success in your day to day work 

  •  COE team
  •  Products team
  •  Relationships team
  •  Agents across the department
  •  Credit Operations insurance team
  •  Finance team
  •  Marketing team


External Clients

Roles you need to interact with outside the organization to enable success in your day to day work 

  •  Partners
  •  Service Vendors
  •   DIMENSIONS


(Key numerical data which will reflect the scope and scale of activities concerning this job)

Financial Dimensions

(These should be quantifiable numerical amounts)

N/A

Other Dimensions

(Significant volume dimensions associated with the job)

 Total Team Size

 Number of Direct Reports: 02

 Number Of Indirect Reports

 Number of Outsourced employees:

 Number of locations: 01

 Number Of Products

  •   SKILLS AND KNOWLEDGE


(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

Required Qualifications And Experience

  •  Qualifications
  •  Certification of Insurance mgmt.
  •  Graduation (commerce preferred)
  •  Work Experience


Insurance compliance experience of 5 to 6 years

Strong understanding of legal compliances related to insurance

Working knowledge of legal documentation

Ability to work with MS office

Skills

Finance and Sales
Unit Manager - Insurance ServicesNot disclosed