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Key Responsibilities
Operations Management
– Handle end-to-end operational activities for Group Credit Life & Affinity products.
– Manage policy issuance processes, endorsements, reconciliations, and servicing activities.
– Coordinate daily data exchange between partners, insurers, and internal teams.
– Validate partner data files and ensure accurate policy booking and issuance.
– Monitor TATs and ensure timely resolution of operational issues.
– Maintain MIS reports, operational dashboards, and reconciliation reports.
– Work closely with underwriting, finance, technology, and insurer operations teams for smooth execution.
– Ensure compliance with agreed SOPs, insurer guidelines, and regulatory requirements.
Claims Management
– Manage end-to-end claims handling for group insurance products.
– Coordinate with insurers, partners, and claimants for document collection and claim processing.
– Track cl aim status, follow-ups, approvals, and payouts within defined timelines.
– Resolve escalations related to claims and servicing.
– Maintain claims MIS and provide periodic updates to management and partners.
– Identify process gaps and recommend operational improvements.
Stakeholder Management
– Act as a single point of contact for assigned B2B partners and insurers.
– Build strong working relationships with NBFCs, MFIs, Housing Finance companies, and insurer operations teams.
– Support onboarding of new partners and products from an operations perspective.
– Coordinate with tech teams for API/data integration and process automation initiatives.
Desired Candidate Profile
– 5+ years of experience in Insurance Operations and Claims handling.
– Strong understanding of Group Credit Life, Affinity, or Group Insurance products.
– Experience working with NBFCs, MFIs, Housing Finance companies, or Bancassurance partners.
– Good knowledge of policy issuance, data reconciliation, endorsements, and claims processes.
– Strong coordination and stakeholder management skills.
– Proficiency in Excel, MIS reporting, and operational tracking.
– Ability to work in a fast-paced and high-volume operational environment.
– Good communication and problem-solving skills.
Preferred Background
– Experience in Insurance Broker / Insurtech / General Insurance / Life Insurance operations.
– Exposure to insurer coordination and partner servicing.
– Understanding of API/data exchange processes will be an added advantage.
To apply for this job please visit www.iimjobs.com.
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