Yogesh. R. Sawant

Application-( Life Asia, Heraldlogic)

• Responsible for Testing of New Product pertaining to Commission Process.

• Need to setup Commission rate in system as provided by product team.

• Coordination with other departments to ensure smooth flow of operation.

• Change Request, Production issue need to be completed and sign off from business users.

• Accurate and timely reports of project activities.

• Processing of Commission payout for Financial Consultant, Brokers, Corporate Client, Banks.
• Passing Accounting Entry in SAP for Commissionble Transaction,Clawback Commission,Clawback Refund, Clawback Provision, Bank Rejection, Rewards etc.,
• Processing of GST Refund for Invoice raised by vendor.
• Maintaining Audit for Policies and Agents are sucessfully flown in System.
• Preparing MIS for all the Commission Payment done on weekly basis.
• Testing of New Policies (Product) for the Commission Payout in the system.
• Solving Queries for queries raised for non payment of Commission.

• Preparing Purchase Order of New Car Purchased for Lessee as per the company Procedure.
• Making Payment to the Car Dealer & Passing Accounting Entry in the system.
• Checking the tenure of Contract & Sending Renewal Notice or Termination Letter.
• Reconciliation of All Lease Rental Amount Receivable.
• Preparing Lease Extension, Modification, Lease Reduction in the system.
• Preparing MIS of Car Prices received from Car Dealer.

• Reconciliation of Premium Receivable by various mode of Payment in SAP System.
• Passing Premium Receipts in System (LifeAsia-software) for payment made by customer through Electronic Clearance Scheme, Standing Instruction, Credit Card, Online Payment.
• Coordinating with HDFC Branches & PSU Banks to solve unreconciled accounting entries and Transfer Fund to HDFC Central Collection Account.
• Preparing Reconciliation Reports & MIS of Actual Funds Receivable through premium, Cheque bounce cases, Policy Cancellation Cases, Bank Charges Applied.

• Performing Query Check for the Documents & Form V-A Submitted by Agents.
• Conducting Training of Insurance Agents & Enroll it for Pre-Recruitment Test held by Insurance Institute of India.
• Licensing of Agents on IRDA (Insurance Regulatory Development Authority) website.
• Keeping Records of License Fees, Updating of Cheques/DD in database.
• Maintaining the MIS Report of Agents Details.

CLAIM PAYMENT

• Checking the claim bill for comprehensive product range.
• Personal Solution- Motor, Home & Personal Accident, Travel & Health Solution.
• Business Solution-Fire, Engineering, Marine Claim.
• Passing Accounting Entry in SAP for Final Settlement of Various Claims.
• Payment in Cheque, Demand Draft or Transfer.

BANK RECONCILIATION

• Maintaining & Checking Premium paid by the customer as per the Bank Statement.
• Preparing Daily Report for Cheque Bounce Cases.
• Calculating Applicable Service Charges for both local & outstation Cheques.
• Preparing the daily status of Pending Cheques which are due for Banking.

• Quality check & Scrutinizing of Credit Card Application as per ICICI BANK Credit Card Policy & issuing credit card to customer.
• Preparing MIS on Daily basis

• Handling Clients Accounts.
• Passing Accounting Entry in Books of Accounts.
• Preparing Computation of Total Income.
• Handling Audit & Account Checking.
• Maintaining Petty Cash Expenses.