Process Associate
4 weeks ago
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)
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