Insurance Operations Associate(Fresher)

Bajaj Life Insurance Limited; Ranchi; On-site; INR 600,000 - 900,000; Full time

Job summary

Bajaj Life Insurance Limited in India seeks a professional to manage policy lifecycles, support claims processes, ensure regulatory compliance, and drive process improvements through automation and analytics. The role involves handling large datasets and producing executive-level reports from robust data management practices.

Candidates should be adept at identifying workflow bottlenecks and collaborating with cross-functional teams to enhance productivity and reduce costs.

Qualifications

• Experience handling policy lifecycles from intake to issuance.
• Familiarity with data entry, verification and modification workflows.
• Awareness of insurance regulatory requirements and internal controls.

Responsibilities

• Policy Administration: end-to-end lifecycle management of policies and issuance.
• Claims Support: coordinate with handlers and legal teams, support rapid resolutions.
• Regulatory Compliance: adhere to local and international regulations and data audits.
• Process Improvement: identify bottlenecks, leverage automation to reduce costs.
• Data Management & Reporting: manage databases and generate performance reports.

Skills

Policy administration

Data management

Regulatory compliance

Process improvement

Data analytics

Tools

Automation

Data analytics

Job description

Key Responsibilities

• Policy Administration: Manage the end-to-end lifecycle of insurance policies, including intake, verification, data entry, modifications, and timely policy issuance.
• Claims Support: Coordinate with claims handlers and legal teams, directing information for claimants and assisting in workflow tracking to ensure rapid resolution.
• Regulatory Compliance: Maintain rigorous adherence to local and international insurance regulations, company frameworks, and internal data auditing protocols.
• Process Improvement: Identify workflow bottlenecks, leverage automation/data analytics, and propose upgrades to existing operating procedures to lower costs and boost productivity.
• Data Management & Reporting: Organize, update, and manage vast databases to compile regular performance metrics and operational reports for executive stakeholders