Policy Finance Operations
Oman Insurance Company
Total years of experience :10 years, 0 Months
•To manage, monitor and ensure effective service delivery and to ensure that all requests (New Business, Renewal, Endorsements, and Certificates) •To ensure that all requests are issued as per internal guidelines / policies (Processes, Memos, Email Instructions, logging of customer complaints, tracker of error and any other) •Complete other task prescribed by the Line Manager: Project, Report, coordination. •Receive policy documents and provide customers with appropriate certificates, generate policy quotations and document claims data as appropriate •Ensure adherence to operational procedures and company guidelines on a daily basis, ensure all updates related to underwriting & policy servicing are passsed to entire team. •Determine appropriate premium rates for quotations, new business, renewals, endorsements, and cancellations by referring to rating manuals, and performs calculations according to prescribed formulas. •Approve policies within defined authority limits and turnaround times (TAT’s) •Work in conjunction with an underwriter to prepare a policy pricing package appropriate to a given risk at the direction of an underwriter. •Verify if all requests are issued as per internal guidelines/ policies (Memos, email instructions, logging of customer complaints, tracking of error etc.) •Re-Verifying KYC Documentation, issuance of policy (Motor, Personal Property Insurance) •Project and client coordination, Reports generation, documentation.
Key Responsibilities:
Leading a team of 45 Analysts for Mutual Fund and Insurance. ● Training new joinees and working on a Knowledge based and training manual. ● Ensure targets are met on a daily basis with work allocation. ● Process Improvement initiatives, feedback on tool enhancement. ● Collaborate with clients to strategize financial plans for savings, investments, retirement, and insurance. ● Strive to develop a strong customer foundation. ● offer consultation to clients regarding everything from investments and insurance to mortgages and taxes. ● Supervised and collaborated with staffs to build accurate accounting data for decision-making. ● Analyzed financial activities using Excel modeling (Vlookup, Pivot Tables, Formulas, etc) including the monthly close process, balance sheet account valuations and reconciliations, expense budgeting and forecasting, long range planning, and expense allocations to product lines. ● Monitored and improved controls and accounting procedures where weaknesses are identified. ● Controlled inventory from ordering supplies and merchandise to setting prices. ● Provided sound financial advice on budgeting decisions that support business strategies. ● Preparing Daily MIS report, Attendance, Payroll for the team. ● Reporting To: Operations Manager.
Key Responsibilities:
● Leading a team of 15 Analysts for Mutual Fund. ● Developed detailed forecast models against budgets based on key indicators, increasing accuracy of short- and long-term earnings estimates. ● Produced financial reports evaluating completed projects, identifying current trends and evaluating variances. ● Compiled data to generate financial statements including cash flow, P&L, and balance sheet for review by management. ● Proficient in data mining methods, extracting relevant information for reports and presentations. ● Prepared ad hoc analysis and performance reports to assist management and sales team in evaluating special projects in a timely manner. ● Spearheaded plan to synchronize business processes and increase communications throughout various levels of the organization using CRM software, reducing lead time throughout entire business process. ● Conducted equity research on companies to discover undervalued investments with reasonable prospects for long term sustainable growth. ● Coordinated portfolio reviews with clients to regularly evaluate an investment's performance toward achieving documented long-term financial goals.
● Presented investment and financial planning seminars to clients and prospective clients. ● Generated new clients using a personal, face-to-face approach that built trust and emphasized personal service to the individual investor. ● Identified clients and prospective clients in need of investment guidance and then recommended investment solutions appropriate for each individual. ● Managed an office environment by collaborating with an assistant to ensure a functioning office.
Key Responsibilities:
•Handling IFA (Independent Financial Advisor) and providing Investment advisory regarding Mutual fund to Clients.
•Helping people make the most of their financial assets by helping them understand their investment and savings options and creating realistic and appropriate financial strategies.
•Involves working with clients to understand their short- and long-term goals, overall lifestyle and level of risk tolerance, in order to provide tailored advice and develop effective financial plans to meet their financial objectives.
•Creating Analytical Reports and Action Plan based on the clients data provided
•Creating portfolios for Clients with fund diversification depending on his Corpus amount to invest.
•Assessing their profile, needs and risk appetite through Financial Planning Solutions. with an aim to help the end clients to achieve their financial goals.
•Assisting IFA’s with using the technology platform to effectively advise clients.
•Effectively explaining the reports generated to the IFA’s to help them and address any queries they may have.
•Hold public educational seminars to inform groups/individuals about personal finance
•Educate clients on different product offerings, relating the benefits and risks associated with them to the client’s specific financial goals
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