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AVP – Insurance

Spandana Sphoorty Financial Limited

6 – 11 yrs Hyderabad / Secunderabad

Job Description:

AVP – Insurance

– Streamlines the system of claims processing

– Forwards the claims to the insurer and follows up for timely settlements

– Identifies, with the Insurance coordinator, cases where there are long delays

– Coordinates over phone and email with divisional and zonal managers to clear the long pending cases

– Takes care of the TAT for claims processing, sending the claims to MNYL

– Gets MIS from the claims dept from the insurer.

– Weekly meeting with the team to take feedback regarding the issues related to the work.

– Discusses with insurers to find out new insurance products on offer

– Does desk evaluation of the product to assess viability

– Implements a pilot using the project plan created by the AVP, NBI

– Documents the processes and results and recommends the produc t for scale up

Claims processing :

– Processing of claims received from branches.

– Receiving intimations from branches regarding the deaths.

– Intimation of settlement to branches and settlement updation from branches.

– Escalating of long pending claims

– Daily report Insurance Coordinator Daily

– Weekly report Insurance Coordinator Weekly

– Claims Documents Insurance Coordinator Daily

Salary: Not Disclosed by Recruiter
Functional Area:Financial Services , Banking , Investments , Insurance
Role Category:Senior Management
Role:Head/VP/GM-Insurance Operations


Claims Processing Project Planning

Desired Candidate Profile:


UG: Any Graduate – Any Specialization
PG:Any Postgraduate – Any Specialization
Doctorate:Doctorate Not Required

Company Profile:

Spandana Sphoorty Financial Limited
Leading Client of Spandana Sphoorty Financial Limited

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