Team Leader - Motor Underwriting Data Analyst
Bajaj General Insurance
- Location
- Kumardungi, Jharkhand, India
- Job type
- Full-time
About the role
Website:
bajajgeneralinsurance.com
Job details:
Business Planning & Growth
- Preparing, implementing and monitoring of underwriting guidelines
- Monitoring business mix and loss ratios and recommending counter measures for profitable growth.
- Responsible for Pre-inspection approvals through the NTU model
- Working closely with business to understand the risk exposure of various LOBs and provide relevant solutions to the stakeholders
- Analyzing business portfolios and ensuring profitability. Suggest and initiate corrective actions for less and/or non-viable portfolios.
- Providing strategic inputs to the National head for the formulation of Long Range Plan (LRP) and Annual Operating Plan (AOP) and manage projects that are an outcome of the same.
- Providing additional support and assessing the risk for special lines of business which are outside the purview of retail motor business for e.g. Fleet
- Periodical review of underwriting guidelines and implementation through ground forces.
- Monitoring adherence of various processes in motor underwriting to ensure compliance with regulatory requirements
- Responsible for statutory and regulatory audits and taking corrective actions as and when necessary
- Working collaboratively with stakeholders to identify fraud and providing counter measures to tackle the same.
- Oversee required changes in system, bug management and new initiative.
- Providing technical input for any new development in system, transformation of system.
- Risk Management
- Providing sanction on deviations by assessing exception cases over and above standard framework guidelines
- Analytics & MIS Reporting
- Reviews analytics for central team regularly
- Co-ordinates with various departments for data inputs and uses insights from analytics to make strategic alterations
- Provide analytical reports to Zonal Heads for their teams to assess their targets
- Relationship management
- Interacts with internal stakeholders (Sales - Motor, Compliance etc.) to discuss various products and risks that can be undertaken in compliance with regulatory requirements
- Technology
- Drive continuous improvement efforts to achieve process and cost efficiency within the function
- Drive application of technology to enable re-engineering of programs and processes to make optimal use of resources in consultation with various stakeholders in other departments.
- Integration of external portals with internal platforms
- Model upgradation and provide Pre-inspection rights to IMDs
- Identifies and resolve system Issues
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