- Work on process excellence initiative with focus on Business process reengineering/Process transformation by developing process modeling (to-be state) and measurement system
- Ensure process standardization for the organization with an objective of optimizing business performance and reducing wastage
- Understand business need with ground level issues - regulatory/productivity improvements etc.
- Establishing of new process workflow with the help of functional SMEs
- Capture process, procedure level deviations and ensure periodic reporting
- Govern the new process rollouts and its approval across Operations and Systems
- Deploy effective metrics/KPIs to measure the effectiveness of the processes including their operational definitions and reporting frequency
- Maintain the repository of latest business processes
- Establish and monitor the benefit realization of various initiative
- Conduct periodic process walkthroughs to identify the improvements opportunities (Process review, complaint review, exception/deviations etc)
- Implement effective process to track and report the inter departmental SLAs
- Develop mechanism of effective process deployment
- Conduct periodic process benchmarking to ensure competitiveness
- Encourage all functions for establishing a sustained culture of process excellence by means of: (1) encouraging the PPM as visual management (2) strategy events to identify best practice (3) establish rewards and recognition mechanism
Desired profile :
1. Post Graduate (MBA) & Six Sigma with a understanding of insurance/BFSI processes, Business workflow
2. Black / Green Belt certified
3. BFSI / BPO vertical
4. 8~10 years experience in the field of Life Insurance/BFSI Operations
5. Have handled multiple Black / Green Belt projects.
6. Knowledge of concepts of Lean and Six Sigma and other quality standards such as ISO etc
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