Kotak Life Insurance - Manager - Insurance Operations - CA

OBJECTIVE OF THE ROLE :

To ensure the adequate controls throughout the insurance operations activities with identification of process gaps, financial, regulatory, customer and business risks.

KEY RESPONSIBILITIES :

- Ensuring pay-outs

- Being a Risk Management Department we are the Supercheckers of all the Operations level pay-outs to clients.

- Diligently checking the accuracy of the pay-out going to the client by thoroughly understanding pay-outs process.

- Improving the process with addition of further significant checkpoints.

- Control Adherence

- Preparing Daily Control reports for specific activities which help in reduction of manual & system risk at Operations level.

- Developing new reports and evaluating the feasibility of the same for enhancing RMD's efficiency & channelling the saved man-hours towards more appropriate value added activities.

 Audit: 

- Conducting various audits for plugging loopholes of different processes at user-end to reduce future operation losses.

- Process Assurance audit to ensure proper processes being followed by various departments in line with the rules & regulations laid down by IRDAI.

- Adhoc activities and Audit Management

- Take necessary steps for any adhoc activities given by management.

- Handle internal auditors, IFC auditors and Statutory Auditors

REQUIRED QUALIFICATION AND SKILLS :

Educational Qualifications : CA

Work Experience : Insurance Ops or CA Audit Firm

Certifications : Any certification in Risk Management will be an added advantage

Other skill set :

- 3-4 years of audit/risk experience

- Risk identification skills

- Willing to take initiative

- Team-Leader