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Senior Manager- Policy Administration @ Axis Max Life

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 Senior Manager- Policy Administration

Job Description

Requirements Gathering:

  • Participating in Evaluation of requirements
  • Works closely with stakeholders to understand their objectives and translate these into system specifications that guide development and implementation.
  • Create use cases that illustrate user interactions with the system, ensuring all scenarios are covered.

Analysis and Design

  • Analyze current systems and processes to identify areas for improvement.
  • Assess the impact of proposed changes on existing systems and processes, identifying potential risks and mitigation strategies.
  • Facilitate sessions to validate designs with users, ensuring that their feedback is integrated into the final design.
  • Participate in design review meetings to ensure that solutions align with business needs and architectural standards.
  • Create and maintain comprehensive documentation, including user manuals and training materials.
  • Design new processes that align with business goals, incorporating best practices and compliance requirements
  • Automating workflows ensures that processes run smoothly and consistently, minimizing delays and bottlenecks.

Business Requirement writing & Testing and Quality Assurance:

  • Preparation/Reviewing the BRD and FSD for functionalities to be build
  • BR & CR writing and FSD review
  • Testing of functionalities, test plans and conduct user acceptance testing (UAT management)
  • Develop and execute test plans to validate system functionality against requirements
  • Ensure that solutions meet business needs and validate system functionality.
  • Facilitating cross functional alignment & governance reviews
  • Knowledge transfer - Repository creation and management as per plan
  • Conduct training sessions for end-users on new systems and processes.
  • Provide ongoing support and troubleshooting for system-related issues
  • Establish mechanisms for collecting feedback on system performance and usability post-implementation.
  • Collect feedback post-implementation to identify areas for further enhancement
  • Stay updated on industry trends and best practices to recommend improvements

Adherence to Project calendar

  • Adherence to submission of Ops deliverables as per project calendar.
  • Serve as a liaison between business units and IT, ensuring effective communication and understanding.
  • Product launch requirements handling & go live of the requirements before 3 months of the hit date.
  • Zero defect post production due to incomplete BR
  • Support project managers in planning and executing projects
  • Monitor project progress, ensuring alignment with requirements and timelines.
  • Provide ongoing support and clarification of requirements throughout the project lifecycle

Compliance

  • Strengthen control & compliance of all transactions in POS.
  • Strengthen reporting of BAP submission
  • Identification of key process / product parameters having a financial or customer impact
  • Facilitating deployment of prioritized SIC's
  • Completion of all SOP's - review by all stake holders (IA, Risk, Compliance and Legal)
  • Regulatory reporting on time
  • No major outage in any other audit

Improve Customer & Distributor Experience

  • Analyze NPS to find gaps and drive improvement

People

  • Strengthen people capability and Growth agenda
  • Overall Attrition
  • G2M2 Attrition
  • Pulse/Tower Watson Score
  • Development Plan
  • Develop second line of resource

Cost

Work within the allocated budget, amount saved from last year budget.

Job Classification

Industry: Insurance
Functional Area / Department: BFSI, Investments & Trading
Role Category: Life Insurance
Role: Life Insurance - Other
Employement Type: Full time

Contact Details:

Company: Axis Max Life
Location(s): Noida, Gurugram

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Keyskills:   Compliance Brd UAT Auditing

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