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based on 5.2k Reviews

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292 Max Life Insurance Jobs

Deputy Manager - Operations

5-8 years

Mumbai

1 vacancy

Deputy Manager - Operations

Max Life Insurance

posted 19hr ago

Job Description

  • Daily WIP management (governance calls)
  • Weekly/Fort-nightly Governance calls/Meetings
  • Monthly FWG with Bank and Distribution
  • Quality of Business discussions and drive issuance/ leakage/ Persistency/ E2R/ Free-look / Claims at zone/cluster level
2) ESCALATION QUERY MGMT S ingle point of contact for Broker escalations management (service query / Under writing / claims)
3) TRAINING Train and educate broker team on the various ops process, underwriting guidelines, new initiatives and address FAQs
4) Inter dept. coordination/structural fixes - IT enhancements/ issues, process gaps, MIS customization, reporting requirements of partner
Measure of Success
  • >87% M0 issuance and 94% M2 Issuance
  • 100% Customer Service and complaint resolution within TAT
  • Bank Partner, Customer satisfaction score-top 2 boxes with more than 80%
  • Customer retention and reduction in leakage (less than 6 % pre and post)
  • Trainings to MLI Distribution team on ops processes and policies
  • Meet the renewal / persistency targets
  • Meet the Surrender retention targets
  • Audit ratings of 2 or above in all internal audits
Desired qualifications and experience
  • A Graduate/MBA
  • Experience of 5-8 years plus in operations or customer services in a financial services industry.
Knowledge and skills required
  • Good communication skills
  • Customer centric approach
  • Process documentation and systems approach
  • Previous experience preferably in relationship management and cross functional engagement
  • Computer skills in using databases and office management software including spreadsheets/presentation skills.

Employment Type: Full Time, Permanent

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What people at Max Life Insurance are saying

4.5
 Rating based on 11 Deputy Manager Operations reviews

Likes

Work life balance, collaboration

  • Skill development - Good
    +4 more
Dislikes

Compensation is not so great, favouritism is there

    Read 11 Deputy Manager Operations reviews

    Deputy Manager Operations salary at Max Life Insurance

    reported by 40 employees with 6-17 years exp.
    ₹3.8 L/yr - ₹6.5 L/yr
    36% less than the average Deputy Manager Operations Salary in India
    View more details

    What Max Life Insurance employees are saying about work life

    based on 5.2k employees
    52%
    46%
    54%
    99%
    Flexible timing
    Monday to Saturday
    Within city
    Day Shift
    View more insights

    Max Life Insurance Benefits

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

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