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Process Associate

3 months ago

Mumbai, Maharashtra, India Edelweiss Tokio Life Full time

Group Company: Edelweiss Tokio Life Insurance Company Limited

Designation: Process Associate - Finance Operation

Office Location:

Position description:

JOB DESCRIPTION

Basic Information

Position Title

Process Associate - Finance Operation

Internal Designation

Associate

Job Role

Process Associate - Finance Operation

Reporting to

Lead – Financial Operations

Sub LOB / Department

Operation

Location

Mumbai

Total Headcount (Direct) Supervised

NA

Total Headcount (Direct / Indirect) Supervised

NA

Job Purpose

To ensure smooth and timely process execution of Renewal collection process

Key Responsibilities

Responsibilities

·To be responsible for renewal accounting for supporting customer retention initiatives and proper accounting of premium

·To ensure smooth and timely functioning of Auto Debit processes, to ensure and initiate and implement newer payment options for providing convenience to customers, reducing cost of renewal premium collection

·To Manage the process of Renewal Upload with various payment mode in core system.

·To Identify system requirements for optimum use of technology in processes of reinstatement, alternate payment methods, renewal accounting and query resolution.

·To ensure that the Standard Operating Procedures, updated with the latest process changes and incorporating risk control measures, are adopted and internalized

·To design & develop strong MIS to monitor adherence to processes and risk control measures.

·To ensure money reconciliation with the bank credits & debits. Coordination finance to close the open debits/credits

Specific Authorities( Financial & Non Financial)

·NA

Key Performance Indicators

·NACH registration TAT (NACH received till registration)