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Assistant Manager - Corporate Business
3-6 years
New Delhi
1 vacancy
Assistant Manager - Corporate Business
Tata AIA Life Insurance
posted 16d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
A Position Overview
Position Title
Assistant Manager - Corporate Pensions
Department
Corporate Pensions
Level/ Band
301/Assistant Manager
Role Summary: To be responsible for the new business & policy servicing activities of Corporate Pensions clients including overall monitoring of SLAs; internal & external and preparing of regulatory & senior management reports.
B Organizational Relationships
Reports To
Senior Manager - Corporate Pensions
Supervises
C Job Dimensions
Geographic Area Covered
National
Stakeholders Internal
External
D Key Responsibility Areas
New Business
Handling of proposals & actuarial valuation requests for prospective clients, computing of sum assured for both prospective & existing clients
Ensuring accuracy and compliance with the file & use while issuance of proposals
Liaisioning with External Actuaries for Actuarial Valuations
Drafting the Trust Deed & Rules and Deed of Variation for both prospective & existing clients
Issuance of policy contracts to new signed up clients, collection of new business documents, follow up for pending documents
Drafting & implementation of Standard Operating Procedures (SOP), monitoring of changes in process & amending the existing SOP/s
Compliance & Reporting
Regular monitoring of the existing processes and its conformance with the SOP and reporting deviations if any with corrective action plan
Ensuring accuracy of information & approach to be adopted while preparing of various regulatory & senior management reports including documenting of changes
Reconciliation of the Bank Account Statement with the Fund Movement Report and ensuring zero suspense & cash clearing balance. Tracking of clearances for contribution cheques and liasioning with the bankers and treasury team
Preparation of the monthly Compliance Report
Policy Servicing
Handling of clients, resolving of client queries
Ensuring accurate accounting of policyholder s contributions under respective policies
Monitoring policyholder related activities (plans setup, member enrolment and contribution data upload, invoice generation, claims & commission settlement, fund switching, policy termination) and their adherence to agreed internal and external SLAs
Handling of renewal of mandatory life cover for the gratuity policyholders
Handling of escalations and customer complaints and ensure satisfactory resolution
Handling of fund allocation, checking the system calculations , seeking approval on variance
Regular audit of the unit linked transactions viz. investment options of members, SIPs requested by the policyholders, claims settled
Regular updation of policyholder contact information
E Skills Required
Technical
Understanding of Gratuity, Superannuation & Annuity
Comfort with numbers, use of formulas
Proficiency in MS Word, Excel, Outlook, PowerPoint
Behavioral
Essential
Desired
Interpersonal skills
Communication skills
Creative thinking skills
Supervising/Leadership skills
Team work Skills
Influencing skills
Relationship Building skills
Decision making skills
F Incumbent Characteristics
Essential
Desired
Qualification
Graduation in Commerce / Science or MBA (Finance)
In Maths/Stats/Finance
Experience
4-5 years
Employment Type: Full Time, Permanent
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based on 3.1k employees
Flexible timing
Monday to Saturday
Within city
Day Shift
Tata AIA Life Insurance Benefits
Submitted by Company
Job Training Health Insurance Soft Skill Training 
Cafeteria
Submitted by Employees
Job Training 
Health Insurance 
Soft Skill Training 
Work From Home 
Team Outings 
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