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Senior Manager - Underwriting Audit & Governance
10-12 years
Gurgaon / Gurugram
1 vacancy
Senior Manager - Underwriting Audit & Governance
Max Life Insurance
posted 1d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Job Description KEY RESPONSIBILITIES Job Description KEY RESPONSIBILITIES
Position
Senior Manager- Governance
Function
Operations -
Department
Operations
Band
4A
Reporting to
Head -Governance
Team size (D/I)
D 2 C ore responsibilities
- Understanding the regulatory requirements regarding Policy Issuance
- Managing Governance related project and driving the closure
- Publishing monthly Dashboards to the respective stakeholders
- Highlighting the outages and sharing the data post careful assessment and validation with internal audit teams/Policy Issuance team
- Working in coordination with the Policy Issuance / production managers to improve the overall accuracy in decision making
- Preparing and conducting monthly training/meetings updating activities under Governance framework
- Assessment and evaluation in end to end closure of cases highlighted under Governance framework (Audit, Quality check etc)
- Conduct trainings/case clinics /mentoring basis above observations and findings
- Support in internal & external audit activities such as Internal Assurance audit , Legal and compliance ,IRDAI audit & statutory
Build strong risk management practices within Underwriting and Policy Issuance
- Develop risk selection guidelines to protect MLI s benefits and ensure effective mortality experience management.
People Management-
- Coach and build in-house underwriting/ Policy Issuance capability through a professional and engaged team.
- Conduct performance reviews
Measures of Success-
- Adherence to all regulatory and compliance guidelines
- Timely closure of audit observations and outages shared under Governance framework
- End to end closure on cases assessed under quality check
- Sharing regular case studies and conducting trainings for improvising the quality check score
- Monthly dashboards
- Solution based action plans
- Regular rhythm on touch base with Policy Issuance /underwriting productions managers
- Successful collaboration with stakeholders
- Closure of critical projects assigned and ensure closure
OTHER RESPONSIBILITIES
- Ensure acceptable audit & compliance ratings
- Contribute to creating a happy workplace
- Experience of handling team
Key Relationships -
- Internal Internal Audit , AI works team , Internal Assurance , UW , URMU and IT team
Key personal competencies required-
- Logical thinking and strong people management skills .
- Creativity with ability to come up with imaginative and innovative solutions to business needs.
- Strong communication skills (both oral and written) with ability to express ideas clearly and persuasively.
- Customer focus.
- Ability to work together with all stakeholders.
Qualification and experience-
Essential -
- Post Graduate preferably in Insurance, Medicine or Pharmacy
- Good technical knowledge of Life and Health
- At least 10-12 years of related experience; Experience in Risk management is a must.
Desired-
- Experience in project handling
- Six sigma certified
- Should be well versed with MS office, Excellent business writing skills and good ability to make effective presentations.
Position
Senior Manager- Governance
Function
Operations -
Department
Operations
Band
4A
Reporting to
Head -Governance
Team size (D/I)
D 2 C ore responsibilities
- Understanding the regulatory requirements regarding Policy Issuance
- Managing Governance related project and driving the closure
- Publishing monthly Dashboards to the respective stakeholders
- Highlighting the outages and sharing the data post careful assessment and validation with internal audit teams/Policy Issuance team
- Working in coordination with the Policy Issuance / production managers to improve the overall accuracy in decision making
- Preparing and conducting monthly training/meetings updating activities under Governance framework
- Assessment and evaluation in end to end closure of cases highlighted under Governance framework (Audit, Quality check etc)
- Conduct trainings/case clinics /mentoring basis above observations and findings
- Support in internal & external audit activities such as Internal Assurance audit , Legal and compliance ,IRDAI audit & statutory
Build strong risk management practices within Underwriting and Policy Issuance
- Develop risk selection guidelines to protect MLI s benefits and ensure effective mortality experience management.
People Management-
- Coach and build in-house underwriting/ Policy Issuance capability through a professional and engaged team.
- Conduct performance reviews
Measures of Success-
- Adherence to all regulatory and compliance guidelines
- Timely closure of audit observations and outages shared under Governance framework
- End to end closure on cases assessed under quality check
- Sharing regular case studies and conducting trainings for improvising the quality check score
- Monthly dashboards
- Solution based action plans
- Regular rhythm on touch base with Policy Issuance /underwriting productions managers
- Successful collaboration with stakeholders
- Closure of critical projects assigned and ensure closure
OTHER RESPONSIBILITIES
- Ensure acceptable audit & compliance ratings
- Contribute to creating a happy workplace
- Experience of handling team
Key Relationships -
- Internal Internal Audit , AI works team , Internal Assurance , UW , URMU and IT team
Key personal competencies required-
- Logical thinking and strong people management skills .
- Creativity with ability to come up with imaginative and innovative solutions to business needs.
- Strong communication skills (both oral and written) with ability to express ideas clearly and persuasively.
- Customer focus.
- Ability to work together with all stakeholders.
Qualification and experience-
Essential -
- Post Graduate preferably in Insurance, Medicine or Pharmacy
- Good technical knowledge of Life and Health
- At least 10-12 years of related experience; Experience in Risk management is a must.
Desired-
- Experience in project handling
- Six sigma certified
- Should be well versed with MS office, Excellent business writing skills and good ability to make effective presentations.
Employment Type: Full Time, Permanent
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Flexible timing
Monday to Saturday
Within city
Day Shift
Max Life Insurance Benefits
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