Senior Officer / Officer FRM Ops BoB Financial Solutions

3.0 - 7.0 years

0 Lacs

haryana

On-site

The ideal candidate for this position should have previous working knowledge of FCU and Hunter tool, which would be considered an added advantage. You will be responsible for identifying application inconsistencies and detecting suspicious applications across various channels. Your duties will include reviewing applications referred due to rules defined in Hunter and making decisions across multiple channels. It is essential to have knowledge and understanding of Bureau and Trans Union CIBIL reports. Furthermore, you will need to review cases related to KYC or any attached documents to identify any potential fraud or risk and highlight them accordingly. You will also be required to review income documents and identify any fudged documents, which might involve outbound calling to detect fraud. Your role will involve detecting fraudulent activities and taking appropriate actions to minimize financial losses. Collaboration with internal and external stakeholders to share trends on recent fraud practices and update management on recent trends will be a crucial part of your responsibilities. You will also need to filter suspicious applications based on the rules defined in the Hunter tool, identify inconsistencies at the application level, and work on resolving complex problems with minimal guidance. Excellent writing, interpersonal, and communication skills are essential for this role, along with the ability to excel in a fast-paced environment with multiple priorities. Proficiency in Microsoft Excel, PowerPoint, and Word is required, as well as the ability to communicate effectively with internal and external management at all levels. Knowledge of KYC understanding and identification would be advantageous, along with familiarity with RBI guidelines and market fraud cases to detect fraudulent documents. About the Company: BOBCARD is a wholly owned subsidiary of Bank of Baroda and a Non-Deposit Accepting Non-Banking Finance Company (NBFC). Established in 1994, BOBCARD aims to cater to the rapidly growing credit card industry in a focused manner. As one of the pioneers in the Indian card market, BOBCARD was the first non-banking company in India to issue credit cards, with its core business centered around credit card issuance.,

Posted 1 week ago

Apply

Executive (Credit Control & Underwriting claims support) EXL

1.0 - 3.0 years

3 - 4 Lacs

Pune

Work from Office

We are hiring for Executive (Credit Control & Underwriting claims support) This role involves coordinating with underwriters, brokers, and accounting teams to ensure the accurate and timely processing of premium data and adherence to regulatory requirements. The specialist will play a critical role to process cash and evaluating and settling claims made under policies, ensuring timely resolution. Key Responsibilities: Support the manager in overseeing daily operations of the in-house broker service team Bureau cash allocation in line with service levels. Review and allocate Event codes to bureau claim movement. Process premium transactions and correct signed lines in Eclipse. Prepare and process payment request for broker and audit fees. Working to meet agreed SLAs. Undertake training of new staff. Ensure quality checks are undertaken. Assist in identifying potential or actual issues that may adversely affect the business. To ensure that only valid queries are issued to Customer, broker or Xchanging. Produce monthly information to Customer that all Standard Operating Procedures are up to date and accurate Required Qualifications & Skills: Ensures accuracy in processing, reconciliations, and reporting Handles escalations, identifies root causes, and implements corrective actions Proficient in MS Office and familiar with industry systems PPL, Xchanging Basic Knowledge of Xchanging premium and claim processing. A strong understanding of the (re)insurance industry. Strong written and oral communication skills. Effectively interacts with Onshore team, vendors, internal stakeholders, and auditors Ability to manage multiple stakeholders and prioritize tasks in a dynamic environment At least 5-6+ years of experience in experience in underwriting processing and slips. Bordereaux processing ideally within the London insurance market. Experience in organizational and problem-solving skills Knowledge of insurance accounting software and Bordereaux management systems. Interested candidates please Walkin for the interview Mon - Fri 12 -2 or send their resume to angelena.dsouza@exlservice.com

Posted 2 months ago

Apply

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.