Assistant Manager Corporate Business

Year    Delhi, India

Job Description


:
A Position Overview
Position Title
Assistant Manager Corporate Pensions
Department
Corporate Pensions
Level/ Band
301/Assistant Manager
Role Summary: To be responsible for the new business & policy servicing activities of Corporate Pensions clients including overall monitoring of SLAs; internal & external and preparing of regulatory & senior management reports.
B Organizational Relationships
Reports To
Senior Manager Corporate Pensions
Supervises
C Job Dimensions
Geographic Area Covered
National
Stakeholders Internal
External
D Key Responsibility Areas
New Business
xc2xb7Handling of proposals & actuarial valuation requests for prospective clients, computing of sum assured for both prospective & existing clients
xc2xb7Ensuring accuracy and compliance with the file & use while issuance of proposals
xc2xb7Liaisioning with External Actuaries for Actuarial Valuations
xc2xb7Drafting the Trust Deed & Rules and Deed of Variation for both prospective & existing clients
xc2xb7Issuance of policy contracts to new signed up clients, collection of new business documents, follow up for pending documents
xc2xb7Drafting & implementation of Standard Operating Procedures (SOP), monitoring of changes in process & amending the existing SOP/s
Compliance & Reporting
xc2xb7Regular monitoring of the existing processes and its conformance with the SOP and reporting deviations if any with corrective action plan
xc2xb7Ensuring accuracy of information & approach to be adopted while preparing of various regulatory & senior management reports including documenting of changes
xc2xb7Reconciliation of the Bank Account Statement with the Fund Movement Report and ensuring zero suspense & cash clearing balance. Tracking of clearances for contribution cheques and liasioning with the bankers and treasury team
xc2xb7Preparation of the monthly Compliance Report
Policy Servicing
xc2xb7Handling of clients, resolving of client queries
xc2xb7Ensuring accurate accounting of policyholders contributions under respective policies
xc2xb7Monitoring policyholder related activities (plans setup, member enrolment and contribution data upload, invoice generation, claims & commission settlement, fund switching, policy termination) and their adherence to agreed internal and external SLAs
xc2xb7Handling of renewal of mandatory life cover for the gratuity policyholders
xc2xb7Handling of escalations and customer complaints and ensure satisfactory resolution
xc2xb7Handling of fund allocation, checking the system calculations , seeking approval on variance
xc2xb7Regular audit of the unit linked transactions viz. investment options of members, SIPs requested by the policyholders, claims settled
xc2xb7Regular updation of policyholder contact information
E Skills Required
Technical
xc2xb7Understanding of Gratuity, Superannuation & Annuity
xc2xb7Comfort with numbers, use of formulas
xc2xb7Proficiency in MS Word, Excel, Outlook, PowerPoint
Behavioral
Essential
Desired
Interpersonal skills
xc2xb7
Communication skills
xc2xb7
Creative thinking skills
xc2xb7
Supervising/Leadership skills
xc2xb7
Team work Skills
xc2xb7
Influencing skills
xc2xb7
Relationship Building skills
xc2xb7
Decision making skills
xc2xb7
F Incumbent Characteristics
Essential
Desired
Qualification
Graduation in Commerce / Science or MBA (Finance)
In Maths/Stats/Finance
Experience
4-5 years
About Company:
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tatas pre-eminent leadership position in India and AIAs presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.

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Job Detail

  • Job Id
    JD3589116
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Delhi, India
  • Education
    Not mentioned
  • Experience
    Year