133 Jobs in Kumardungi - Page 5

Product Pricing and filing ﾧ 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 ﾧ Responsible for analyzing inputs and deriving the pricing for tenders floated under government schemes ﾧ Responsible for analyzing inputs and deriving the pricing for retail products/large business quotes ﾧ Providing inputs on new (including revisions) product design and structure ﾧ Collaborating with concerned stakeholders such as underwriters, marketing, product development etc. with regards to the pricing and filing the same w...

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 ...

Cross Sell- Conduct Multiple experiments/POC for cross sell which help to identify customer need and want on insurance products Propensity model Creation Using Machine learning and AI for providing Next Best Product to customer Analyzed Vertical wise customer behavior to understand best time to pitch next best product Communicate with respective stakeholders on cross sell strategy and planning Claims Analytics Management – LOB Create the framework for claims optimization leveraging data science technique at all levels -Customer entity and distribution Work jointly with ILM, Legal team to find fraud and nexus with the help of data. Closely work with Claims team on OD-STP engine creation and o...

This role is critical for managing the end-to-end investment operations of the insurance company, including trade settlements, cash flow management, investment accounting, regulatory reporting, and compliance. The role ensures operational efficiency, regulatory adherence, and supports strategic investment decisions. Ensure 100% timely trade settlements Zero regulatory breaches Complete monthly reconciliations within Time Submit all IRDAI reports on time Automate key reporting processes Show more Show less

IT Requirements & Project Integration: Develop and maintain Business Requirement Documents (BRD) and Functional Test Cases (FTC) to ensure clarity in project scope and expectations. Collaborate with IT teams to identify technical development needs, ensuring business requirements are effectively translated into system functionalities. Lead the design, development, and implementation of digital portal solutions, improving accessibility and workflow efficiency. Coordinate with business stakeholders to align IT integration strategies with organizational goals. Group Employee Initiative & Engagement Employee Engagement & Office Visits Conduct office visits across multiple locations to directly in...

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...

Online Campaign Management Develop and monitor marketing campaign as well as budgets for product LOBs for all general insurance LOBs Responsible for the growth and online matrix of the LOBs. Evaluate and monitor the important metrics that affect our website traffic, service quotas, and target audience. Oversee and manage the online conversion of the website traffic for these LOBS Collaborates with the Web Sales team to ensure that the leads generated are taken care of and followed up into sales. This is done on a need basis, this KPI keeps changing Works closely in collaboration with a media agency, giving them a brief on the key aspects with regards to the media stint and targets thereof Co...

Creating and Publishing all MIS for Motor Deale and Motor Lob Generating Customized report for business decision Automation – Ensuring automation of MIS and Reports Incentive – Incentive Calculation on Monthly basis Getting approval from Finance and HR for Employees Incentive Automation testing for Anaplan for Incentive IMD/Sub IMD Mapping – Ensuring correct mapping of IMD and Sub Mapping of employees Campaign Management Creating campaign for IMD Creating campaign for IMDs/Dealer Publishing period update of campaign Publishing results of campaign Getting approval from Finance for Campaign Data Collection Coordination with Sales Team for Incentive mapping Coordination with Sales Team for camp...

Achievement of given Assigned targets. Responsible for maintaining the conversions and Team Productivity. Should maintain the TAT for calling. Assisting the team on calls and train them. Maintain team discipline and keep attrition to a minimum. Show more Show less

Commissions Management Updating the commission’s structure and grid in coordination with the underwriting and actuarial team along with updating policy wise rates. Monitoring IRDA commissions by overseeing the payments being made to the intermediaries and brokers as per the IRDA compliance. Review MIS and data for IRDA purposes which is put together by the team on a monthly and quarterly basis. Preparation of Yearly report to be filed with the IRDA along with sharing certification to corporate agents with a summary of how much business is done with them and amount of commission paid. Attends to any escalations or complex queries that arise from agents or internal stakeholder with respect to ...

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...

Product Development Solicits inputs/recommendations from the marketing teams regarding enhancement of existing products or development of new products. Research and build comprehensive analysis and business cases for developing new products with emphasis on market demands, strategic fit and profitability. Collaborates with internal teams such as underwriting, actuarial and legal to evaluate and execute on product initiatives for new and existing products. Drafts Product documents, BAP filing and correspondence to IRDAI queries, makes presentations to IRDAI as and when required Monitor the IRDA website for new circulars or guideline changes and communicate the same to the various business hea...

Creating and Publishing all MIS for Motor Deale and Motor Lob Generating Customized report for business decision Automation – Ensuring automation of MIS and Reports Incentive – Incentive Calculation on Monthly basis Getting approval from Finance and HR for Employees Incentive Automation testing for Anaplan for Incentive IMD/Sub IMD Mapping – Ensuring correct mapping of IMD and Sub Mapping of employees Campaign Management Creating campaign for IMD Creating campaign for IMDs/Dealer Publishing period update of campaign Publishing results of campaign Getting approval from Finance for Campaign Data Collection Coordination with Sales Team for Incentive mapping Coordination with Sales Team for camp...

Compliance Advice Advice businesses and internal teams (underwriters, claims, products, etc.) on applicable regulatory framework from IRDAI compliance perspective. Almost every function of the Company is regulated by IRDAI through various regulations. Any wrong advice may lead to business loss and regulatory actions as well. IRDAI Regulates the Insurance Companies through almost more than 600 Circulars / Regulations / Guideline and Insurance Act. Reviewing the LRP projects from regulatory perspective and advising the verticals to ensure that the projects are in compliance with regulatory framework. Assisting business partners like Corporate Agents, Brokers, Web Aggregators in during their re...

Broker Acquisition Identify potential/high profile Broker/s as distribution partner/s and plan an approach for on-boarding and activating them to fulfill business requirements. Meeting and introducing BAGIC to brokers and formulating plan (in consultation with superiors) in achieving desired Broker as well as BAGIC revenue Recommend innovative campaign/s to kick start business and drive the desired result. Meeting Agents trough Open house/one to one meeting and hand holding the team during the process of recruitment. Broker relationship management Support existing Brokers by recommending focus areas to maximize revenue generated for BAGIC Drive and implement various initiatives, campaigns an...

Claims operations On monthly basis, monitor key performance parameters such as – Claims settlement TAT Claim Settlement Ratio Efficiency ratio, etc.; Track deviations against set targets and identify reasons for deviations Closely monitor and control the high ageing open claims, including co-insurance claims Review the reserve revisions for Non Motor claims in the zone Enter into a discussion and negotiation with the surveyor and the client in order to obtain his consent and release payment accordingly To keep liaison with other departments Co-ordinate with Surveyor/Investigator Recommend head office to empanel service provider, after taking market feedback. Appoint appropriate surveyor and ...

Define financial models & simulations for new opportunities/adjustments to existing models Assists in collaborating with the respective function/ department heads to discuss business performance and identify opportunities suitable for their business model Collaborate with FP&A team to simulate scenarios & business options basis analysis of monthly reports, profitability and productivity of all channels, locations, verticals and products to provide strategic inputs Financial Analysis & forecasting Work with unstructured and structured financial data to predict financial outcomes. Build fluid forecasting projections that account for what-if scenarios and unexpected cost changes. Combine short-...

Business Development Responsible for constant recruitment of Intermediaries/ POSP/Insurance Consultants Responsible to drive business through Recruited Agent/POSP/Insurance Consultants to ensure his assigned targets on monthly/quarterly/half yearly/ yearly basis Training and development of Recruited Agents/POSP/Insurance Consultants to ensure they are fully equipped with company products, digital assets, compensation, market updates Plan and execute activities/strategies which can improve business To build a robust and profitable distribution of Agent/POSP/Insurance Consultants To build a roadmap to plan, achieve his target and achieve his target and expand by achieving his/her monthly/quart...

Procurement Management Assists in collaborating with stakeholders on understanding their requirements, and suggesting recommendations in terms of vendor and other specifications that the business requires such as shortlisting products, collaterals for distribution within the organization etc. Assists in evaluating various vendors and negotiating with them for the best price. Engagement Management Coordinating with business to understand the requirements which are above a certain expense threshold for any specific travel/ meets/ conferences that are being organized. Reviewing the same and sharing the same with the pre-qualified vendors for both national and international travel requirements. ...

Business Development Plan and execute activities/strategies which can improve business liaison with BACL team and source MDPP & Attachment products. Assist BACL partners in pitching products to crucial customers & driving sales closure for the same. Identify cross sell opportunities for existing customers Cascading the channel's strategy and key focus areas for the achievement of set goals Ensure business meetings and increase the wallet share of our focused business LOB’s Service Orientation Engage with cross-functional teams to ensure seamless execution of work across channels and deliver desired productivity including everyday service and policy issuance etc. Provide support for cancellat...

IT Development & Integration System Integration Responsibility Handling and Managing to book Business of 3438 Cr GWP for the Financial Year with Appr 28 Lakh NOP with 62 OEM Tie up and 3800/- NON-OEM IMD through IT integration and 33% of GWP Growth target for this Year for which systems needs to be monitored & IT development needs to be handled. Handling and Managing requirement of 62 OEM tie up. 25 Pvt Car Tie with Big Manufactures like Maruti, Hyundai KIA and premium Car Segment BMW, Mercedes, Audi, Porsche & Land rover ,16 TW tie up with Big Manufacture Like Hero, TVS, Royal Enfield ,13 CV tie up & 6 EW tie up New & Change Requirement – Webservice Integration OEM API – Policy Issuance Ide...

MIS – Creating and Publishing all MIS for Motor Deale and Motor Lob Generating Customized report for business decision Automation – Ensuring automation of MIS and Reports Incentive – Incentive Calculation on Monthly basis Getting approval from Finance and HR for Employees Incentive Automation testing for Anaplan for Incentive IMD/Sub IMD Mapping – Ensuring correct mapping of IMD and Sub Mapping of employees Campaign Management Creating campaign for IMD Creating campaign for IMDs/Dealer Publishing period update of campaign Publishing results of campaign Getting approval from Finance for Campaign Data Collection Coordination with Sales Team for Incentive mapping Coordination with Sales Team fo...

Principal Accountabilities Business Analysis : ﾧ Channel wise Health LOB data and analysis for Achievement against AOP target for all the retail channels. ﾧ Provide analysis on product mix , business mix , Sum insured Mix geography wise ﾧ Maintain Geography wise P& L and share with concern stakeholders ﾧ Publish Monthly Target Vs achievement metrics in terms of GWP , active agent , agent recruitment. ﾧ Publish Monthly business figures of Market insurer wise ﾧ Channel wise : Health Agent recruitment and activation report ﾧ Pay-out calculations monthly basis ﾧ Extremely good in MS Excel and Analysis UW and Claims Analysis : ﾧ UW Pendency report and TAT report ﾧ Channel wise Loss ratio analysis...

Driving DEI Design company policies that reinforce diversity in the workplace, address all kinds of harassment and protect minority groups and women Train hiring managers and HR staff on how to select, manage, evaluate and retain diverse employees Revise and update all communication on our website, social media pages, job descriptions and internal documents to ensure we use non-discriminatory language Review our selection criteria to verify they’re objective and strictly job-related Recommend benefits packages that cater to all employees Measure and forecast diversity metrics Act as a consultant to underrepresented groups and make sure all voices are heard Organize trainings to boost employe...

Event Manager Event Planning -Conceptualise ,plan and execute events.Ensure seamless execution Vendor Management -Co-ordinate with vendors to ensure timely execution Budgeting -Manage event budgets ,ensuring costs are controlled and within allocated limits Team Management-Lead and coordinate event teams including vendors Marketing -Develop event marketing strategies and marketing support to banca channel for all marketing activities Logistics -Oversee event logistics Ideation of campaigns/events that align with the overall business objective of the organization ,this includes product awareness ,lead generation ,brand awareness and marketing collateral support to business channels to enable t...