Uday S
About
Uday S is from Mumbai, Maharashtra, India. Uday is currently Chief Operating Officer at CreditAccess Life Insurance Limited, located in Bengaluru, Karnataka, India. In Uday's previous role as a Vice President Operations at Tata AIA Life Insurance, Uday worked in Mumbai, Maharashtra, India until Nov 2022. Prior to joining Tata AIA Life Insurance, Uday was a Vice President - Claims, Customer & Policy Service, Underwriting at Ageas Federal Life Insurance and held the position of Vice President - Claims, Customer & Policy Service, Underwriting at Mumbai, Maharashtra, India. Prior to that, Uday was a Senior Manager - Distribution Operations & Information Management at Tata AIG Life Insurance Co Ltd, based in Mumbai from Apr 2009 to May 2011. Uday started working as Manager - Program Management Office at Tata AIG Life Insurance Co Ltd in Mumbai in Dec 2007. From Dec 2005 to Nov 2007, Uday was Asst Manager - Distribution Operations at Tata AIG Life Insurance Co Ltd, based in Bangalore. Prior to that, Uday was a Executive - Distribution Operations at Tata AIG Life Insurance Co Ltd, based in Hyderabad from Dec 2001 to Nov 2005. Uday started working as Executive at Polaris Management Services Pvt Ltd in Hyderabad in May 2000.
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In this assignment, I am driving transformation projects from operations, digital asset implementation, while following standard methodologies' framework, case studies, benchmarking for making processes highly operational. Under customer engagement, I interface with customers to address their pain points while ensuring distributor onboarding, payouts, vendor onboarding, budgeting, and planning. Leading Distribution Operation and Vendor Management by providing mentorship to the operations team, I ensure delivery of goals, promote a learning culture and build a solid team.
In this assignment, I was charged with skills in leading Claims, Customer & Policy Servicing, SLA mapping, query and request processing, assessment & payouts, call center functions, channel support, and priority cell management. Leveraging skills gained, I managed budgets & cost containment functions while commencing policy servicing, financial and non-financial transactions. By managing process reengineering and system automation for payouts and regulatory reporting, I streamlined business process reengineering. In addition to this, I initiated automation of regulatory reporting and business MIS while securing substantial savings in customer communication. Furthermore, I integrated effective measures to slash the inflow of Customer Service and Complaints in addition to Policy Servicing and Channel Support. In the nutshell, I initiated system development/re-vamping, including Policy Admin System, Workflow, Customer Portal and Mobile Applications while defining guidelines for servicing, and underwriting.
Responsibility of managing HO Distribution Operations including entire process of Licensing, Leader Management and Agent Servicing. Additional responsibility of Information Management, generation of MIS, Contest & Convention Trackers and Analytic reports as per business requirements. Structured annual operational budget and implementation of control measures to contain expenses within defined limits.
Development of project plans at program level and monitoring of the same including benefit realization at project/program level Interfacing and coordination with cross functional teams from Distribution, Operations, IT and Facilities for development and monitoring of project progress and plan implementation
Managed zone distribution operation function for South India Monitored branch performance especially with respect to licensing, compliance and audit rules Managed special projects towards decentralization to Zone and Branches. Drove the efforts for creation of ‘Standard Operating Procedures’ for Branch and Zone Distribution Operations function
Managed end to end licensing procedures for Andhra Pradesh region from Hyderabad Handled branch operations with respect to policy submission & issuance, commission payouts and any related queries for Hyderabad branch
Handling correspondence with clients, monitoring bills and receivables, prioritizing assignments and scheduling interviews. Key player in sourcing of clients and candidates. Periodic review of internal control procedures for operational system, identifying weaknesses and recommended improvement
Maintenance of employee database Monthly payroll calculations and management of statutory requirements Managed operations for M/s. V. V. Transport (sister concern of Deccan Engineering Enterprises)