Max Life Insurance - Senior Manager - Project Management - Product Vertical

Job Description:

Position : Senior Manager - Project Management

Department : Products and Channel Marketing

Function : Product Management

Reporting to : Vice President & Head - Pricing

Band : 4A

Location : Gurgaon HO

JOB SUMMARY- This position will lead the project management and will have following responsibilities:

PROGRAMME MANAGEMENT:

PLANNING:

- Define the scope of the project in collaboration with senior management

- Create a detailed work plan which identifies and sequences the activities needed to successfully complete the project

- Determine the resources (time, money, equipment, etc) required to complete the project

- Develop a schedule for project completion that effectively allocates the resources to the activities

- Review the project schedule with senior management and all other staff that will be affected by the project activities; revise the schedule as required

- Determine the objectives and measures upon which the project will be evaluated at its completion

STAFFING:

- In consultation with the appropriate manager select staff with appropriate skills for the project activities

- Manage project staff according to the established policies and practices (time sheet)

- Establish clear ownership of the tasks and assign the same to relevant project members

IMPLEMENT:

- Execute the project according to the project plan

- Develop forms and records to document project activities

- Set up repository to ensure that all project information is appropriately documented and secured for corporate memory

- Monitor the progress of the project and make adjustments as necessary to ensure the successful completion of the project

- Establish a communication schedule to update stakeholders including appropriate staff in the organization on the progress of the project

COMMUNICATION:

- Prepare reports / presentation on the project for management

- Publish periodic updates to management / relevant stakeholders

- Take corrective action to address deviations in consultation with relevant stake holders

IRDA / PARMC GOVERNANCE:

- Timely submission of approved products final documents to regulator

- Timely Submission of Half yearly reports to regulator

- Timely Submission of ad hoc reports of regulator as and when required

- Tracking all PARMC approvals

KEY RESPONSIBILITIES :

STRATEGIC THEME :

1. Build Pride in Products by delivering timely product solutions

KRA :

- Develop and track to detailed project plan, including schedule, resources, communications, risk mitigation and issue resolution

- Effectively communicate project expectations to team members & define clear ownership

MOS :

- Adherence to plan - >85 % for G1, >80% & < 85 % for G2 and < 80% for G3

2. Operational excellence and In force Management

- Creating and meeting all project milestones

- Developing project schedules, cross-functional deliverables, and detailed timelines

- Identifying and managing project priorities and dependencies

- Leading and managing cross-functional teams

- Driving team accountability for deliverables

- Identifying and minimizing project risk

MOS :

- Successful completion of IMU project

- Adherence to plan - >90 % for G1, >80% & < 90 % for G2 and < 80% for G3

3. Enable company to become future ready by supporting NWS & IFTIS delivery

- Preparing detailed project plan, resource plan and status reports.

- Capacity planning

- Manage the scoping process for each release, liaising with IT & Ops team.

- Successful execution of projects including major / minor product releases, maintenance releases

MOS :

- Enable System readiness (day 1/2), IFTIS & NWS readiness: Adherence to plan - >90 % for G1, >80% & < 90 % for G2 and < 80% for G3

4. IRDA / PARMC Reporting

- Timely various regulatory reports

- Adherence to PARMC approvals

Desired qualification and experience

- Graduate/PG in any discipline, with 4 - 8 years (or more) of experience

Key Relationships (Internal /External) :

Internal - Corporate Actuarial, IT, POS, Legal, Finance, Investments

External - Regulator

Key competencies/skills required :

- Industry Knowledge

- Team working skills

- Ability to motivate people

- Interpersonal skills,

- Analytical skills

- Understanding of Regulations and Operational Aspects

- Communication skills