Devendra Kumar .

Devendra Kumar . Email and Phone Number

Distribution Finance Manager - at Edelweiss Life Insurance @ Edelweiss Life Insurance
Devendra Kumar .'s Location
Mumbai, Maharashtra, India, India
Devendra Kumar .'s Contact Details

Devendra Kumar . work email

Devendra Kumar . personal email

n/a
About Devendra Kumar .

Seasoned MBA (Finance) professional with over 18 years of multifaceted experience spanning Finance & Accounts, Operations Management, Strategy, and Channel Development.Instrumental in accelerating ME payments from weeks to days at Edelweiss Tokio Life Insurance Co Ltd., Mumbai, through adept management of legal aspects, term-sheet preparation, and cultivating new partnerships.Demonstrating prowess in overseeing financial operations within distribution channels and driving efficiency and effectiveness in processes.Successfully managed a portfolio of partners, brokers, and corporate agents, driving business growth and fostering mutually beneficial relationships.Proficient in assessing business inflows to facilitate prompt commission and ME payouts approval, ensuring adherence to turnaround time (TAT) benchmarks.Spearheaded risk control self-assessment initiatives and ensured regulatory compliance as a Functional Unit Compliance Officer at Future Generali India LIC Ltd., Mumbai, mitigating organizational risks effectively.Lastly, worked with Future Generali wherein monitored NPS and BQI metrics to gauge channel effectiveness and business quality, driving continuous improvement initiatives to enhance customer satisfaction and loyalty.Streamlined advisor commission processes, conducted incentive calculations, and managed channel partner payouts, optimizing resource allocation and maximizing operational efficiency.Known for inspiring and leading cross-functional teams to achieve common goals and deliver exceptional results, consistently exceeding organizational expectations.Elevated employee engagement and participation in R&R programs at AEGON Life Insurance Co. Ltd., Mumbai, by structuring rewards and payouts processes, designing engaging contests, and resolving employee grievances proactively.Operations Specialist with excellence in gathering and understanding requirements of  stakeholders (at strategic and tactical levels), followed by translation into functional specifications as well as provisioning of suitable solutionsForward-focused Project acumen with exposure in swiftly completing projects with competent cross-functional skills and ensuring on-time deliverables within pre-set parametersSpecialities: Operations Management, Strategy Analysis, Performance Management, Reward & Recognition, MIS Reporting & Documentation, Process Improvement & Excellence, Risk Management & Compliance, Vendor Development & Management, SLA & TAT Management, Escalation Management

Devendra Kumar .'s Current Company Details
Edelweiss Life Insurance

Edelweiss Life Insurance

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Distribution Finance Manager - at Edelweiss Life Insurance
Devendra Kumar . Work Experience Details
  • Edelweiss Life Insurance
    Distribution Manager
    Edelweiss Life Insurance Jul 2021 - Present
    Kurla, Maharashtra, India
    Orchestrating the end-to-end vendor payout ecosystem with meticulous adherence to legal, compliance, and financial protocols, fostering robust partnerships with channel stakeholders.Enforcing stringent timelines for validation, sign-offs, and processing, ensuring unwavering compliance with predefined turnaround targets.Executing precise provisions and final calculations for payouts, preemptively identifying and mitigating risks in alignment with management directives.Ensuring impeccable accuracy in financial reporting to Heads of Departments and Management, bolstering decision-making efficacy and organizational transparency.Spearheading the deployment of a comprehensive governance framework, encompassing legal, compliance, financial, and operational dimensions, to streamline vendor payout procedures.Conducting thorough due diligence for vendor empanelment, emphasizing financial and related-party considerations to fortify compliance and mitigate risks.Serving as a pivotal liaison between channel partners and internal functions such as Legal, Compliance, Marketing, and Finance & Accounts, adeptly resolving queries and nurturing seamless communication channels.Providing timely support and strategic guidance to channel partners, vendors, and internal stakeholders, ensuring harmonious operations aligned with organizational imperatives.Aligning the organization's strategic objectives with the governance framework to foster agility and resilience in response to dynamic market conditions.Implementing a risk-based approach to CoA monitoring, prioritizing areas with the highest impact on budget adherence and strategic objectives.Streamlining reconciliation processes through automation and digitization, reducing manual effort and mitigating the risk of errors or discrepancies.Tailoring financial reports to the specific information needs of HoDs and management, providing actionable insights to drive strategic initiatives and performance improvement.
  • Future Generali India Life Insurance
    Manager Strategy & Operations
    Future Generali India Life Insurance Apr 2017 - Jun 2021
    Mumbai Area, India
  • Aegon Religare Life Insurance Company Limited
    Process Manager
    Aegon Religare Life Insurance Company Limited Sep 2008 - Sep 2016
    Mumbai Area, India

Devendra Kumar . Skills

Powerpoint Banking Insurance Relationship Management Business Analysis Vendor Management Team Management Team Leadership Finance Customer Relationship Management Strategic Planning Sales Management Microsoft Word Risk Management Management Information Systems Management Retail Banking Mis Analysis

Devendra Kumar . Education Details

  • Amrutvahini Institute Of Management And Business Administration Sangamner Pune
    Amrutvahini Institute Of Management And Business Administration Sangamner Pune
    Finance, General

Frequently Asked Questions about Devendra Kumar .

What company does Devendra Kumar . work for?

Devendra Kumar . works for Edelweiss Life Insurance

What is Devendra Kumar .'s role at the current company?

Devendra Kumar .'s current role is Distribution Finance Manager - at Edelweiss Life Insurance.

What is Devendra Kumar .'s email address?

Devendra Kumar .'s email address is de****@****are.com

What schools did Devendra Kumar . attend?

Devendra Kumar . attended Amrutvahini Institute Of Management And Business Administration Sangamner Pune.

What skills is Devendra Kumar . known for?

Devendra Kumar . has skills like Powerpoint, Banking, Insurance, Relationship Management, Business Analysis, Vendor Management, Team Management, Team Leadership, Finance, Customer Relationship Management, Strategic Planning, Sales Management.

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