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
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