Total Years of Experience: 25 Years, 2 Months
May 2009
To Present
Internal Auditor
at A leading General insurance company
Location :
Saudi Arabia - Riyadh
• Perform individual audits / periodic review programs forming part of the annual audit plan and any other special assignments given from time to time
• Prepare audit program for the entity to be audited considering policy manuals, risk scores, previous report and response along with the changes in the operational procedures if any
• Ensure that all required audit procedures in the audit program, are performed in sufficient detail to achieve the audit objectives
• Verify and validate the information gathered (through data extraction using SQL) to identify any existing or potential problems or weaknesses in the system of internal controls
• Identify the possible causes or contributing factors related to the problems observed and suggest controls to mitigate the problems
• Evaluate the existing preventive / corrective / detective controls and recommend for improvement s
• Recommend and evaluate fraud threads for early warning signals (EWS)
• Maintain work-papers and files for all audits performed in a systematic manner, ensuring that audit findings are duly supported by and cross-referenced to supporting documents
• Preparation of draft report with audit observations/findings & recommendation of suggestive actions based on the audit findings
• Evaluation of the client responses received for the draft report and rating the risks based on the audit manual
• Attend to all supplementary and related functions to the above and any other jobs entrusted from time to time by Management
• Assist chief internal auditor in areas pertaining to audit planning, follow up and liaison of external auditors
• Prepare audit program for the entity to be audited considering policy manuals, risk scores, previous report and response along with the changes in the operational procedures if any
• Ensure that all required audit procedures in the audit program, are performed in sufficient detail to achieve the audit objectives
• Verify and validate the information gathered (through data extraction using SQL) to identify any existing or potential problems or weaknesses in the system of internal controls
• Identify the possible causes or contributing factors related to the problems observed and suggest controls to mitigate the problems
• Evaluate the existing preventive / corrective / detective controls and recommend for improvement s
• Recommend and evaluate fraud threads for early warning signals (EWS)
• Maintain work-papers and files for all audits performed in a systematic manner, ensuring that audit findings are duly supported by and cross-referenced to supporting documents
• Preparation of draft report with audit observations/findings & recommendation of suggestive actions based on the audit findings
• Evaluation of the client responses received for the draft report and rating the risks based on the audit manual
• Attend to all supplementary and related functions to the above and any other jobs entrusted from time to time by Management
• Assist chief internal auditor in areas pertaining to audit planning, follow up and liaison of external auditors
September 2007
To April 2009
Branch Operations Manager
at TATA AIG Life Insurance Company Ltd
Location :
Other
• Managing a voluminous branch to meet the operational deliverables with a team of six executives.
• Ensuring business parameters in Underwriting, Cashiering, Customer Service, Branch operations related activities & Distribution operations.
• Adherence of SOP (Std Operating Procedures) and OPC (One point contact) for Zone and H.O in Operations/Audit related matters
• Over all administration including facilities and infrastructure support, and day to day core operations management of the branch
• 1st Level Escalation authority for internal / external complaints
• Ensuring regulatory parameters in KYC (know your customer), AML (anti money laundering) and statutory guidelines at New business & servicing stage
• Management of branch SLA’s (Service level agreement), Internal audit, Compliance audit, Facilities audit, DOPS audit and Quality audit related reviews.
• Conducting shadow audits for the medical empanelment as per the underwriting policy in force
• Handling of distribution / compensation issues of channel partners
• Imparting training to sales force on underwriting basics and KYC & AML
• Vendor management including prospecting, AMC (Annual Maintenance contract) formation, payment follow ups and branch budgeting & review
• Maintenance of FAR (Fixed assets register), Statutory books and branch records in 5’s enabled environment.
• Managing a team in terms of Goal Setting, Periodic performance appraisal, Merit recommendations and rating of KPI (Key performance indicators)
• Ensuring business parameters in Underwriting, Cashiering, Customer Service, Branch operations related activities & Distribution operations.
• Adherence of SOP (Std Operating Procedures) and OPC (One point contact) for Zone and H.O in Operations/Audit related matters
• Over all administration including facilities and infrastructure support, and day to day core operations management of the branch
• 1st Level Escalation authority for internal / external complaints
• Ensuring regulatory parameters in KYC (know your customer), AML (anti money laundering) and statutory guidelines at New business & servicing stage
• Management of branch SLA’s (Service level agreement), Internal audit, Compliance audit, Facilities audit, DOPS audit and Quality audit related reviews.
• Conducting shadow audits for the medical empanelment as per the underwriting policy in force
• Handling of distribution / compensation issues of channel partners
• Imparting training to sales force on underwriting basics and KYC & AML
• Vendor management including prospecting, AMC (Annual Maintenance contract) formation, payment follow ups and branch budgeting & review
• Maintenance of FAR (Fixed assets register), Statutory books and branch records in 5’s enabled environment.
• Managing a team in terms of Goal Setting, Periodic performance appraisal, Merit recommendations and rating of KPI (Key performance indicators)
February 2004
To September 2007
Branch Incharge
at ICICI Prudential Life Insurance Co Ltd.,
Location :
India - Chennai
• Handling a team of 4 executives in delivering daily operations function.
• Ensuring satisfactory ratings in Internal / Quality audits at branch level
• Branch underwriter for lives with sum assured limit of Rs.10 lakhs (Non Med & Medical).
• Adherence of KYC & AML guidelines
• Adherence to banking and other operational functions related to insurance within specified TAT and accuracy.
• Processing of bulk proposals in Rural / Social obligations sourced through Nodal / Ref Agency
• Interacting and addressing of issues with /Doctors / Vendors /Customers / Advisors / Sales team
• Processing of advisor recruitment formalities and liasioning with insurance authorities till licensing
• Imparting training to sales force on underwriting, fraud awareness and AML aspects
• Processing of Referrals (suspicious cases @ u/w Call) and Sampling (Random and Stratified) for risk verification.
• I Level of Claims processing at branch
• Responsible for Distribution and Operations & Spokes Co-ordination
• Handling of Medical empanelment, related Operational Functions and periodical reviews
• Ensuring satisfactory ratings in Internal / Quality audits at branch level
• Branch underwriter for lives with sum assured limit of Rs.10 lakhs (Non Med & Medical).
• Adherence of KYC & AML guidelines
• Adherence to banking and other operational functions related to insurance within specified TAT and accuracy.
• Processing of bulk proposals in Rural / Social obligations sourced through Nodal / Ref Agency
• Interacting and addressing of issues with /Doctors / Vendors /Customers / Advisors / Sales team
• Processing of advisor recruitment formalities and liasioning with insurance authorities till licensing
• Imparting training to sales force on underwriting, fraud awareness and AML aspects
• Processing of Referrals (suspicious cases @ u/w Call) and Sampling (Random and Stratified) for risk verification.
• I Level of Claims processing at branch
• Responsible for Distribution and Operations & Spokes Co-ordination
• Handling of Medical empanelment, related Operational Functions and periodical reviews
July 2002
To August 2003
Credit Officer
at AllFin Services and Solutions
Location :
Other
• Handling a team of three Collection staffs
• Framing loan schemes within the required IRR
• Liasioning work with Customers, Automobile Dealers, Bankers and Repossession Agents
• Credit appraisal of Proposals including documentation & field Investigation on sample
• Authorized signatory for issue of Loan acceptance. Repossession orders and Settlement options.
• Displacement of funds to dealers for payments & transfer of monthly receivables
• Inventory management of PDC including its reconciliation.
• Framing loan schemes within the required IRR
• Liasioning work with Customers, Automobile Dealers, Bankers and Repossession Agents
• Credit appraisal of Proposals including documentation & field Investigation on sample
• Authorized signatory for issue of Loan acceptance. Repossession orders and Settlement options.
• Displacement of funds to dealers for payments & transfer of monthly receivables
• Inventory management of PDC including its reconciliation.
April 1999
To March 2002
Articled Clerk ( Trainee/Apprenticeship)
at Articleship Under Chartered Accountants regulations
Location :
Other
• 3 years of mandatory on the job training as Articled clerk - Under Chartered Accountants Regulation Act ( Apr 1999 - March 2002)
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