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Unit Manager - Insurance Services/Senior...

6-7 years

₹ 7.5 - 16L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Pune

Unit Manager - Insurance Services/Senior...

Bajaj Finance

posted 2d ago

Job Description

    

Job Purpose  
â"This position is open with Bajaj Finance ltd.â"
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.



    4.  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.



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

    Various Product related decisions



    6.  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


    7.  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)
    ï‚
  •  Total Team Size:
    ï‚
  •  Number of Direct Reports:02
    ï‚
  •  Number of Indirect Reports:
    ï‚
  •  Number of Outsourced employees:
    ï‚
  •  Number of locations:01
    ï‚
  •  Number of products:


    8.  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  
    a) Qualifications
  •  Certification of Insurance mgmt.
  •  Graduation (commerce preferred)
    b) 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    

  • Employment Type: Full Time, Permanent

    Read full job description

    Bajaj Finance Interview Questions & Tips

    Prepare for Bajaj Finance Unit Manager roles with real interview advice

    Top Bajaj Finance Unit Manager Interview Questions

    Q1. How to collect default customer. How to trace customer shifted given address
    Q2. Could you plz give a demo of how to sell mobile phn at dealers point.
    Q3. If customer is in NPA category then what percentage waiver we will give him in settlement
    View all 96 questions

    What people at Bajaj Finance are saying

    3.4
     Rating based on 27 Unit Manager reviews

    Likes

    Salary is ok only.

    • Salary - Good
    Dislikes

    Apart from salary everything is bakwaas.. Not employee friendly company.

    • Work satisfaction - Poor
    • +2 more
    Read 27 Unit Manager reviews

    Unit Manager salary at Bajaj Finance

    reported by 273 employees with 1-8 years exp.
    ₹7.4 L/yr - ₹19 L/yr
    113% more than the average Unit Manager Salary in India
    View more details

    What Bajaj Finance employees are saying about work life

    based on 6.7k employees
    53%
    72%
    52%
    97%
    Flexible timing
    Monday to Saturday
    Within city
    Day Shift
    View more insights

    Bajaj Finance Benefits

    Job Training
    Health Insurance
    Soft Skill Training
    Work From Home
    Free Transport
    Team Outings +6 more
    View more benefits

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