Design and implement an end-to-end operating model for Premium Financing, covering new business, in-force servicing, claims, surrender and policy maturity
Develop and document operational workflows for: Quotation processes Premium financing application intake and validation Collateral assignment and release Premium payment processing from financing banks Policy loans and partial withdrawals coordination with assignees Bonus an dividend handling for assigned policies Claims, surrender and maturity proceed distribution to assignees
Establish bank partner onboarding processes, including documentation standards, policy assignment procedures, and management of Letters/Notices of Assignment
Manage operational onboarding of new bank partners and maintain ongoing relationships
Embed robust control frameworks, including maker-checker controls, four-eyes principles, segregation of duties,...