Claim Processing Associate (LIFE Insurance) || Bank || Hyderabad

Job Description

Job description We are hiring for one of the largest banking and financial services institutions in the world, serves millions of customers through its four Global Businesses. They offer a range of employment opportunities, across businesses and around the world, to suit every stage of your career. This is a part of bulk mailing, please ignore if not relevant for you.Please refer this opening to your friends who are looking out for job change. Designation : Medical Insurance ExecutiveJob Location: Hyderabad Mandatory information required. Total experience:Relevant experience:Current Location :Preferred Location (Hyderabad) only :Current Company:Current Designation:Current CTC :Expected CTC;Notice Period:Contact Number: The Opportunity: • We cater to UK and Singapore regions for Life Insurance policies. The enthusiastic team services various request from the customer throughout their journey with us from the New Business stage to Policy closure. Improving customer experience and making our processes simple , better and faster each day has remained as our key focus. What youll do:• Creating payment forms and getting the payments approved• Creating/issuing receipts for incoming funds & Matching• Capturing the executive summary on the accounts and sharing with all stakeholders• Reconciliation of Funds/Un allocated cash• Liaising with Broker/Underwriting for collection of Debts and reduction of PDDs (Provisional to Doubtful debts)• Reviewing of Single Line Unallocated-cashes and matching appropriately• Reconciliation and matching of Unallocated-cash Bulk payments received for more than 10 policies• Reviewing the outstanding payments and Unallocation cashes to prepare a Refund Listing• Account Modification & Termination• Agent Commission Payment• Campaign Commission payment• GST Commission Payment• Refund Premium Payment• Staff Reimbursement• Vendor Payments• Magnitude Reporting• Bank & Treaty reconciliation• Creating payment/Transfer forms and getting the payments approved• Creating/issuing receipts for incoming funds & Matching• Capturing the executive summary on the accounts and sharing with all stakeholders• Provide Expert Technical Support to the Team members / Process Lead• Identify, facilitate and implement process improvement ideas to improve efficiency• Process improvements to be identified and implemente d