133 Jobs in Kumardungi

Product Pricing and filing Gathers data from various stakeholders and analyzes historical data/ risk parameters/ expected loss cost / loss ratio calculations/other metrics to assist in pricing of various products so as to maintain desired profitability for BAGIC Responsible for analyzing inputs and deriving the pricing for tenders floated under government schemes Responsible for analyzing inputs and deriving the pricing for retail products/large business quotes Providing inputs on new (including revisions) product design and structure Collaborating with concerned stakeholders such as underwriters, marketing, product development etc. with regards to the pricing and filing the same with IRDA. ...

Responsible for the review of new contract bonds for completion in accordance with Surety policies. Analyze new account submissions for assigned accounts. Approve bonds within the limit of authority for this position. Oversee and manage the fiscal status of accounts. Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information. Maintain current documentation and credit information files in accordance with the BAGIC Procedure Manual for Contract Surety. Visit bond accounts as requested by stakeholders and Underwriting Head. Provide quarterly marketing updates and other reports as requested by various stakeholders Maint...

Conduct Market research to study latest industry developments Ideate and brainstorm with supervisor and Marketing teams to develop new products/ changes in existing products to achieve a competitive advantage Collaborate with Actuarial, Legal & Finance teams to decide on the pricing and market placement aspects Present the product ideas to Product Management committee and Senior Leadership for approval Design product filing documents including all terms and conditions and work on modifications to the product wordings as per the feedback provided by the regulatory authority. Build marketing and other support collaterals to take the product to market Collaborate with Marketing and other teams ...

Responsibilities Assist in the end-to-end reconciliation of GST input credits for motor insurance claims. Collaborate with the finance team to support GST input credit reconciliation processes. Ensure accurate and timely matching of GST credits against motor claims. Work with internal departments to help resolve discrepancies in GST input credit data. Support process improvements and address reconciliation variances. Conduct user acceptance testing for system controls jointly with the finance team to streamline GST credit management. Regularly analyse and identify discrepancies in GST credits. Prepare reports on reconciliation status, input credit utilization, and potential areas for optimiz...

Job Purpose Responsible for adopting tax positions basis the tax laws and the business models for optimum efficiencies and for determining organizational liabilities to tax authorities. To represent before government and tax authorities for tax changes and ensuring adequate tax provisions on account of litigations and reversals basis risk assessment. Ensuring compliances of tax laws to satisfy BAGIC’s tax obligations in a timely manner such as timely payment of taxes, filing of tax returns, etc. Additional tax responsibilities include supporting sales and business teams with tax views for customer acquisition by resolving their tax queries and ensure timely and accurate tax filings, tax paym...

Job Purpose Responsible for adopting tax positions basis the tax laws and the business models for optimum efficiencies and for determining organizational liabilities to tax authorities. To represent before government and tax authorities for tax changes and ensuring adequate tax provisions on account of litigations and reversals basis risk assessment. Ensuring compliances of tax laws to satisfy BAGIC’s tax obligations in a timely manner such as timely payment of taxes, filing of tax returns, etc. Additional tax responsibilities include supporting sales and business teams with tax views for customer acquisition by resolving their tax queries and ensure timely and accurate tax filings, tax paym...

Partner Digital Eco-System Integration & Management Understand partners digital eco-system & existing customer value lifecycle to identify business opportunities for sale of general insurance line of product. Create business requirement document based on the partners requirement for new product deployment on partners portal. Collaborate internally with various teams ( Operations team, IT team , Underwriting tam , legal & compliance team & product team ) to convert the business requirement for new product into deployment on partners digital eco-system ( website , mobile application ). Participate with partner on periodical basis discuss on IT concerns , policy issuance issues , changes in cur...

Drive the business strategy to achieve targets Drive the P&L through the assigned relationships to deliver topline (gross premium) targets on a monthly basis Prepare and recommend campaign designs, proposals and plans to Vertical Head Banca Pvt to maximize sales Incentivize the branches and internal teams by implementing R&R for achieving the desired targets Study the Partner business, competition, customer segmentation, loss ratios and implement the correct sales strategies, product mix, processing and backend support to increase sales from the channel partner Relationship Management Maintain relationship with Zonal, Cluster/Circle and Branch heads at Partner level to understand their requi...

ﾷ Pre-inspection approval/rejection ﾷ Endorsement approval/rejection ﾷ Scrutiny approval/rejection ﾷ Handling technical query regarding above. ﾷ Maintaining records for TAT.

ﾷ Pre-inspection approval/rejection ﾷ Endorsement approval/rejection ﾷ Scrutiny approval/rejection ﾷ Handling technical query regarding above. ﾷ Maintaining records for TAT.

Market Intelligence & Business Growth: Collect market intelligence pertaining to renewals by direct interaction with the business intermediaries Identify reasons for loss of business and collect useful inputs/suggestions for improvement coming from the market Regularly engage and visit intermediaries to maintain healthy working relationships Gather inputs from intermediaries on challenges related to BAGIC’s systems and processes and accordingly suggest improvements that can be carried out internally Survey the market to study best practices and latest launches by competitors; corroborate findings with relevant facts and figures Push the renewals sales by having the team share daily MIS statu...

Geo expansion analytics Design/Ideation of business expansion strategy leveraging data science driven models for new and existing verticals across national/local levels and refer for approvals / signoff from NHOD and finance. Plan & design communication plan for all the campaigns. Geographical and Vertical wise categorization of Locations and pin codes mapped against each of these locations using machine learning techniques. IIB health data analysis to identify BAGIC low penetrated locations where competitors are doing profitable and good business – opportunity identification Health Claims Optimization Identify claims benchmarking opportunities leveraging entity and claims level savings thro...

Growth & Development Driving Top Line: Achieving expected sales target on consistent basis. Cascading the channel's strategy and key focus areas for the achievement of set goals. Renewal Ratio: Ensuring budgeted renewal ratio to be achieved by continuous follow up. Stakeholder Management Engage with large IMDs in the city / region on a regular basis; share business insights, growth plans and new products / schemes in order to showcase organization credentials as well expand IMD network Inform superior on critical issues / concerns involving other verticals; seek support on resolution Sales Planning Devise month wise strategy and weekly breakdown with the team; identify possible risks and der...

Team Management Participate in recruitment process to identify the right talent within the function. Guide and direct the team in efficiently achieving their targets. Establish individual performance expectations and regularly review individual performance of the team. Identify and create development opportunities for team members to enhance functional knowledge. Non Motor Claims and Network Management Implement Claims SOP within the team and service network and ensure adherence of the same. Claims forecasting and workload distribution within the team and service providers based on claims volume, seasonality and ASP skill sets Claim processing an monitoring day to day claims activities and e...

Audit Approach Carry Out pre audit assessment basis previous audit, new initiatives, industry trend. Conduct opening meeting with auditee and inform them on the coverage, plan and scope of audit. Discuss MAAS (Management Awareness and Audit score) with the auditee and understand the end to end. process in order to identify the automated and manual risks involved in the process. Identify risks and share observations with the auditee. Assign scores based on observations. Draft the audit report in a PPT detailing the audit observations and proposed recommendations. Finalize the audit report after obtaining corrective / preventive action from auditee. Present audit deck along with MAAS to the Au...

Audit Approach Carry Out pre audit assessment basis previous audit, new initiatives, industry trend. Conduct opening meeting with auditee and inform them on the coverage, plan and scope of audit. Discuss MAAS (Management Awareness and Audit score) with the auditee and understand the end to end. process in order to identify the automated and manual risks involved in the process. Identify risks and share observations with the auditee. Assign scores based on observations. Draft the audit report in a PPT detailing the audit observations and proposed recommendations. Finalize the audit report after obtaining corrective / preventive action from auditee. Present audit deck along with MAAS to the Au...

Audit Approach Carry Out pre audit assessment basis previous audit, new initiatives, industry trend. Conduct opening meeting with auditee and inform them on the coverage, plan and scope of audit. Discuss MAAS (Management Awareness and Audit score) with the auditee and understand the end to end. process in order to identify the automated and manual risks involved in the process. Identify risks and share observations with the auditee. Assign scores based on observations. Draft the audit report in a PPT detailing the audit observations and proposed recommendations. Finalize the audit report after obtaining corrective / preventive action from auditee. Present audit deck along with MAAS to the Au...

Incident Reporting Lead the process of capturing, analyzing, and reporting operational risk incidents across business units. Ensure timely escalation and root cause analysis of incidents. Maintain and update the incident database and generate periodic reports for senior management. Risk and Control Self Assessment (RCSA) Facilitate RCSA workshops with business units to identify key risks and controls. Review and challenge risk assessments to ensure accuracy and completeness. Monitor action plans and control effectiveness. Adhoc Risk Reviews Conduct targeted risk reviews in response to emerging risks, regulatory changes, or management requests. Collaborate with cross-functional teams to asses...

ﾷ Pre-inspection approval/rejection ﾷ Endorsement approval/rejection ﾷ Scrutiny approval/rejection ﾷ Handling technical query regarding above. ﾷ Maintaining records for TAT.

Operations: - Extend support to operations team spread across geographies to address operational issues faced on daily basis including policy issuance in GIOS/Tab/Maximus Ensure refunds are process on agreed TATA/SLA’s based on the level of approvals at each stakeholders end. Ensure nil PDA at any point of time by keeping track through formal process / mechanism Identify gaps & provide solution to arrest increase in PDAs Publish Region wise/Area wise/ Channel wise/ Employee wise PDA reports Develop STPs in coordination with respective UW channels to improve external policy issuances Live support to Channel partners/Channels/Internal employees on policy issuance Licensing & MIS: Coordinate to...

Planning Research and analyze the internal and external performance of the various products through multiline channels. Study how the various products are performing, market demand, competitors, customer segmentation etc. Identify opportunities for driving growth for BAGIC and propose strategy. Align on business targets and key initiatives to be worked on. Product performance Track top line and product mix on a regular basis. Review against targets and analyze deviations. Push Marketing teams and channel partners to drive sales. Conduct research on market and competitors. Meet Marketing teams and channel partners for additional market insights. Analyze and identify opportunities to grow the ...

Product Strategy Analyzes features of the competitor’s products, compares the performance and market appeal of the BAGIC product and formulates positioning strategies. Collaborates with internal stakeholder to create product variations to suit the client needs based on the feedback and market intelligence. Collaborate with the IT/operations team to make system related changes to accommodate the variations in the existing product. Cross sell and upsell plans channel and vertical wise. Product Enhancements Solicits inputs/recommendations from the marketing teams and IMDs regarding the existing products. Customize and share the product features on internal stakeholder recommendations/ requireme...

Operations: - Extend support to operations team spread across geographies to address operational issues faced on daily basis including policy issuance in GIOS/Tab/Maximus Ensure refunds are process on agreed TATA/SLA’s based on the level of approvals at each stakeholders end. Ensure nil PDA at any point of time by keeping track through formal process / mechanism Identify gaps & provide solution to arrest increase in PDAs Publish Region wise/Area wise/ Channel wise/ Employee wise PDA reports Develop STPs in coordination with respective UW channels to improve external policy issuances Live support to Channel partners/Channels/Internal employees on policy issuance Licensing & MIS: Coordinate to...

Market Intelligence & Business Growth: Collect market intelligence pertaining to renewals by direct interaction with the business intermediaries Identify reasons for loss of business and collect useful inputs/suggestions for improvement coming from the market Regularly engage and visit intermediaries to maintain healthy working relationships Gather inputs from intermediaries on challenges related to BAGIC’s systems and processes and accordingly suggest improvements that can be carried out internally Survey the market to study best practices and latest launches by competitors; corroborate findings with relevant facts and figures Push the renewals sales by having the team share daily MIS statu...

Contract drafting, vetting and management Responsible for drafting/ finalizing/ advising all standard and other documents/ agreements required for the organization and for drafting vetting and finalizing various commercial legal contracts /agreements/ documents/ MOUs for certain business relationships with various vendors/service providers’ agents and distributors. Tracks, examines and acts upon the IRDAI regulations/ guidelines on a day to day basis and caters to any documents and requirements as per compliance of IRDAI regulations Applying Insurance/ Central/ State Laws knowledge including property laws labor laws and criminal laws on certain legal issues along with advising the organizati...