Siddesh Ramakant Rane
Masters In Finance
Mumbai
Summary
Talented Manager with expert team leadership, planning, and organizational skills built during successful career. Smoothly equip employees to independently handle daily functions and meet customer needs. Diligent trainer and mentor with exceptional management abilities and results-driven approach.
Overview
14
14
years of professional experience
4
4
Languages
Work History
Manager II(Level 5)
ICICI Prudential Life Insurance Ltd.
08.2023 - Current
- Handled clinch
- Handing IRDAI reporting of Premium ,commission, legal cases, agency statistics,Freelook,claims.
- Submitting monthly, quarterly half yearly yearly reporting of BAP forms
- After reconciliation and checking internal risk and control
- Handing Internal audit and control of department
- Working on enhancements and automations as per process requirements to streamline the process
- Handling bank reconciliation with control and Risk profile for bank reconciliation department
- Handling automation project to control Risk and eliminate manual work for streamlining the process and improve quality of process
- Managing vendor team with their work assignments and daily tasks
- Currently handling seven reconciliation and Risk control team
- Handling of seven bank reconciliations among 15 total reconciliations with 7 On role and 11 off role team members & Risk control team with 3 only role team members
- Also handling control team to reduce risk of reconciliation
- Conducting weekly review on daily audit pointers with team members
- Monthly meetings with Sr
- Management to submit internal audit report of reconciliation department
- Control sheet preparation after every month end
- Conducting quarterly review with higher management for quarter data submission of reconciliation and audit status
- Monthly feedback session with each team member
- Weekly team discussion with entire team regarding quality and control to eliminate errors
Deputy Manager (Level 4)
India First Life LTD.
11.2021 - Current
- Handled clinch (Group operations)
- Handling internal audit on daily issuance with check point of cover amount and premium
- Handling internal audit regarding COI’s (Certification of Insurance) as per IRDAI guidelines
- Conducting weekly audit of issuance with data of MPH
- In that our check point was matching all customer details with MIS which is provided by the MPH
- Also were cross checking premium amounts with the system
- Maintaining TAT of issuance, payout and COI of customer as per IRDAI guidelines
- Handling micro insurance issuance till COI dispatch and other communication to the customer with team under me of 5 team members
- Handling Communication (COI, Clarification letters, Decline letters, policy letter) to the client/borrower for all products
- Vendor management regarding communication (for printing, Franking, stationary, Stamp duty) of group operations
- Handling daily activities, production, quality, leaves, shift timings, trainings of off role team members for group operations
- Total head count of off roles 10 FT and 1 is extra
- Working with IT for new projects and process developments for department
- Preparing macros to automate the process for reparative activities and to improve quality of work
- Escalation handling at mid higher level (from customer, Clints, IRDA complaints, Internal audit)
- Daily production and quality report of off role team
- Daily issuance report to higher management
- Coordinate with team to achieve teams daily/monthly/quarterly/yearly target
Process Specialist (Team Leader)
COGNIZANT TECHNOLOGY PRIVATE LTD.
02.2021 - 11.2021
- Handled clinch
- Handling team of US mortgage underwriting regarding financial documents
- Meetings with onshore clients regarding process quires
- Working for automation project as per client requirements
- Working on reports & provide process training to new agents
- Handling escalation & Queries of Relationship Managers & Colleagues
- Communicate with the Attorneys
- Workflow assignment among the team as per priority and workload
- Preparation of P&P as per process changes
- Internal quality checks to improve quality work of team
- Conduct meeting with team regarding new process updates & team goal on weekly basis
- Assignment of workflow among the team
- Leave management of team members
- Handling Fun activates and events for department with the help of HR’s and Admin team
Deputy Manager-Level 3
KOTAK LIFE INSURANCE COMPANY LTD.
01.2016 - 02.2021
- Was handling three processes in Kotak Life
- Handling team of 4 members and managing critical profiles
- Non-employer-employee group client audits
- Follow-ups of BAU activities and release MIS report to stakeholders
- Non-employer employee re-insurance policy reconciliation
- IRDAI audit annexure/requirement closure
- Internal process QC/audit and Risk & Control
- SPOC for the department to handle audits conducted by other stakeholders (PARM, Compliance)
- Direct co-ordination with the auditor to understand the audit requirements and scrutinize the data/documents before submission
- Managing Department MIS and Dashboard
- Member level social reporting to IRDAI
- Unclaimed MIS report of group business
- Product wise YOY group business growth
- Receipt v/s conversion report
- Monthly Budget v/s Actual expenditure reconciliation
- TAT report and Dashboard of group BAU line function
- Control report for the department to cater department risk
- Communication (SMS and e-mail) failure report and reconciliation
Sr. Mortgage Specialist
OCWEN FINANCIAL SOLUTION
07.2011 - 09.2015
- Training to new agents & refresher training to low performers if require regarding mortgage, with briefing from pre-qualification of loan till foreclosure
- Communicating with Relationship Managers
- Working on reports & providing process training to new agents
- Handling escalation & Queries of Relationship Managers & Colleagues
- Communicate with the Attorneys
- Workflow assignment among the team as per priority and workload
- Preparation of P&P as per process changes
- Internal quality checks to improve the quality work of team
- Conduct meetings with team regarding new process updates & team goal on weekly basis
Education
M.COM. - undefined
Mumbai
MumbaiT.Y.B.COM. - undefined
Mumbai
MumbaiH.S.C. - undefined
Mumbai
MumbaiS.S.C. - undefined
Mumbai
MumbaiSkills
Initiative
Typing Speed
45 above w.p.m. with 100% accuracy
Ideal
SIR RATAN NAVAL TATA
Special Qualities
- Initiative
- Creativity
- Like to take Challenging Task
- Workaholic
- Good Observation & leadership
- People management skills
- Impressive Communication
- Good Listener
- Approachable
- Approaching automation in process to improve quality of work & productivity
Personal Information
- Date of Birth: 08/07/87
- Gender: Male
- Marital Status: Married
Timeline
Manager II(Level 5)
ICICI Prudential Life Insurance Ltd.
08.2023 - Current
Deputy Manager (Level 4)
India First Life LTD.
11.2021 - Current
Process Specialist (Team Leader)
COGNIZANT TECHNOLOGY PRIVATE LTD.
02.2021 - 11.2021
Deputy Manager-Level 3
KOTAK LIFE INSURANCE COMPANY LTD.
01.2016 - 02.2021
Sr. Mortgage Specialist
OCWEN FINANCIAL SOLUTION
07.2011 - 09.2015
M.COM. - undefined
Mumbai
T.Y.B.COM. - undefined
Mumbai
H.S.C. - undefined
Mumbai
S.S.C. - undefined
Mumbai
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