High Salary Circle Head

2 weeks ago


Kolkata India Bajaj Allianz General Insurance Company Limited Full time

Job Description Job Description : Business Planning & Growth - Preparing, implementing and monitoring of underwriting guidelines - Monitoring business mix and loss ratios and recommending counter measures for profitable growth. - Responsible for Pre-inspection approvals through the NTU model - Working closely with business to understand the risk exposure of various LOBs and provide relevant solutions to the stakeholders - Analyzing business portfolios and ensuring profitability. Suggest and initiate corrective actions for less and/or non-viable portfolios. - Providing strategic inputs to the National head for the formulation of Long Range Plan (LRP) and Annual Operating Plan (AOP) and manage projects that are an outcome of the same. - Providing additional support and assessing the risk for special lines of business which are outside the purview of retail motor business for e.g. Fleet - Periodical review of underwriting guidelines and implementation through ground forces. - Monitoring adherence of various processes in motor underwriting to ensure compliance with regulatory requirements - Responsible for statutory and regulatory audits and taking corrective actions as and when necessary - Working collaboratively with stakeholders to identify fraud and providing counter measures to tackle the same. - Oversee required changes in system, bug management and new initiative. - Providing technical input for any new development in system, transformation of system. 2. Risk Management - Providing sanction on deviations by assessing exception cases over and above standard framework guidelines 3. Analytics & MIS Reporting - Reviews analytics for central team regularly - Co-ordinates with various departments for data inputs and uses insights from analytics to make strategic alterations - Provide analytical reports to Zonal Heads for their teams to assess their targets 4. Relationship management - Interacts with internal stakeholders (Sales - Motor, Compliance etc.) to discuss various products and risks that can be undertaken in compliance with regulatory requirements 5.Technology - Drive continuous improvement efforts to achieve process and cost efficiency within the function - Drive application of technology to enable re-engineering of programs and processes to make optimal use of resources in consultation with various stakeholders in other departments. - Integration of external portals with internal platforms - Model upgradation and provide Pre-inspection rights to IMDs - Identifies and resolve system Issues Desirable Skills : Minimum 6 years of experience(Insurance preferred) with at least minimum 3 yrs in motor claims department Education/Qualification:Graduate/PG


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