Operations Associate Job in Mumbai at Kotak life insurance
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Operations Associate
Kotak life insurance
Full Time Job
Not Disclosed
0-2 years
Posted 30+ days ago
Location
- Mumbai
Skills Required
- Operations Management
- MIS Reporting
- Documentation
- Stakeholder Management
About this Job
Kotak Life Insurance is hiring for the role of Operations Associate!
About the Company:
Kotak Life Insurance is a life insurance company in India, established in 2001 and part of the Kotak Mahindra Group. It offers a variety of plans for protection, savings, retirement, and investment, and is one of the fastest-growing insurers in the country. Customers can manage their policies, pay premiums, and access other services through online portals and a network of offices.
Responsibilities of the Candidate:
- Verify executed legal documents as per the Documentation Grid and Sanction Letter/Term Sheet.
- Ensure adherence to Stamp Duty norms as per the Legal Stamp Duty Grid.
- Maintain limits and collateral records accurately. Perform CERSAI maintenance including charge creation and release for various asset types.
- Update PSL for CCOD products based on templates received from business.
- Coordinate insurance policy maintenance as per sanction terms with the centralized desk.
- Prepare and release Disbursement Advice to Loan Maintenance Team for loan disbursements.
- Limit Loading Instructions (LLI) to Treasury and CMS teams for respective products.
- Manage insertions of documents received post-disbursement.
- Close deferrals upon receipt of requisite documents from Business Units. Track post-disbursement conditions in DRS marked as “pre-approved”.
- Handover files and dockets to DMT and obtain acknowledgements.
- Weekly handover of PDC/SPDCs to vendors and collect acknowledgements.
- Liaise with auditors and ensure resolution of audit queries.
- Generate and maintain MIS reports including daily reporting, pending status, and insertions.
- Confirm release of property and verify documents before handing over to stakeholders.
- Ensure sanction letters are signed by authorized signatories as per business/credit list.
Eligible Degrees
+96 More
Who can apply
Documents Required
1. Resume
2. ID Proof (e.g. Aadhar Card, PAN Card, etc.)
About Kotak life insurance
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