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4.1

based on 5.3k Reviews

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196 Max Life Insurance Jobs

Deputy Manager - Operations

5-8 years

Chennai

1 vacancy

Deputy Manager - Operations

Max Life Insurance

posted 12d 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
37% 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 5.3k 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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