Insurance Portfolio Analyst

4 weeks ago


Mumbai, Maharashtra, India Bayzat Full time
About the Role

We are seeking a highly skilled Insurance Portfolio Analyst to join our Finance team. As a key member of our operations, you will play a crucial role in optimizing processes and supporting the growth of our portfolio.

Key Responsibilities
  • Analysis of customer outstanding statements to ensure timely payment of premiums
  • Reconciliation and routine maintenance of customer accounts in line with insurance company statements
  • Booking and allocation of payments received to ensure accurate financial records
  • Management of c/f adjustments for policies approaching expiry to prevent lapses
  • Coordination with Operations teams on invoicing, reconciliations, and payment allocation to ensure seamless financial processes
  • Coordination with Account Management and clients on finance-related requests and tasks to provide exceptional customer service
  • Ensuring that premiums are paid on time by clients to insurance companies to maintain a healthy cash flow
  • Reporting to insurance companies on unallocated receipts and negotiating deadlines to resolve any discrepancies
  • Collaboration on and execution of process automation and team projects to improve efficiency and productivity
  • Assisting in preparation and execution of quarterly and annual audits to ensure compliance with regulatory requirements
  • Assisting in preparing various reports required by management, Insurance Authority, and other key stakeholders on a quarterly basis to provide insights into financial performance
Requirements
  • 1-2 years' experience in the insurance industry with a strong understanding of financial operations
  • 1-2 years' experience transacting in a customer-facing role with excellent communication skills
  • Critical thinking skills to break down complex problems into their simplest components
  • Proficiency in Excel and accounting tools to analyze financial data and prepare reports
  • Organized approach to work and detail-oriented to ensure accuracy and efficiency
  • Accountability and ability to meet deadlines to deliver high-quality results
  • Team player with the ability to inspire alignment and collaboration across teams
  • Experience and comfort working in a remote setting to adapt to changing work environments
What We Offer

As a member of our team, you will have the opportunity to grow and develop your skills in a dynamic and inclusive work environment. We offer a range of benefits, including:

  • Fast-track growth opportunities for high-achieving members
  • Remote and flexible/hybrid working setups to balance work and personal life
  • Inclusiveness and diversity to create a welcoming and engaging workplace
  • Share ownership through ESOP programs to empower team members
  • Kick-ass offices in UAE, Turkey, Saudi, and India to collaborate and innovate


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