With over 18 years of experience in the financial services industry, Shashank possesses extensive expertise in process analysis and improvement, operational model design, roadmap creation, business analysis, test management, system analysis, and the establishment of shared services.A recognized subject matter expert, Shashank has contributed his skills to financial services companies across the United States, Australia, and India. His specialized areas encompass portfolio management, strategy formulation, distribution and channel management, process excellence, change management, claims processing, business development, project management, risk management, policy administration, and technology consulting.Shashank holds an MBA from ICFAI Business School, ICFAI University, and a bachelor's degree in Commerce from the University of Lucknow.
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Business Solutions ManagerInsuremoPune, Mh, In -
Business Solutions ConsultantEbaotech Corporation Dec 2020 - PresentPune, Maharashtra, India -
Manager Consulting InsuranceCognizant Jan 2017 - Dec 2020Pune Area, IndiaConsulting global Insurers in assessing and implementing: 1. Digital initiatives including RPA and AI. 2. Process transformation and waste reduction3. Operating model changes to enhance process efficienciesPre-Sales initiatives including:1. Responding to RFPs including estimations2. Representing Cognizant at clients orals3. Presenting Cognizant Digital offerings and methodologies to the clients. -
Sr. Management Consultant Financial Services & InsuranceAccenture Strategy & Consulting May 2012 - Jan 2017New Delhi Area, IndiaHelping Insurance clients to rationalize Insurance value chain, define and implement operating models, formulate and implement cost optimization strategies. Following are the key responsibility areas:Business Process Review - assess the current performance of various functions and identify areas of improvements to enhance efficiency and effectivenessProcess Design - standardize and simplify processes to enable cost effective operations with the best use of technologyShared services - perform feasibility study on the scope of centralization and develop the business case to support the implementation. Assist the client in designing and building their own captive shared service centers or selecting and managing outsourcing providersProgram Management - Large program management including budgeting, resource forecasting, defining milestones and expected benefits for the clients.Engagements Summary:- Worked as business architect for a large Insurer in the US where I analyzed the Client’s existing claim process in order to implement a lean based process with the end objective of reducing turnaround time and improving overall service quality. Prepared functional process maps along with a detailed set of functional and system specifications. Achieved significant reduction in claims processing time.- Program management for a large operating model transformation initiative for a leading insurer in US. Manage large scale transition effort, work closely in formulation of business case. Planning the transition approach & key milestones, tracking transition activities, conducting transition workshops, stakeholder management. Identified key changes impacting the retained organization due to the disruption resulting out of Co-Sourcing/Outsourcing. Communicate key changes to the stakeholders of Co-Sourcing. Clearly articulate the target state to guide the project's path forward. Define how the change structure should be organized and governed. -
ConsultantNew York Life Insurance Company Jul 2015 - Jun 2016Greater New York City Area• Program Management: Manage large scale transition effort, work closely in formulation of business case. Planning the transition approach & key milestones, tracking transition activities, conducting transition workshops, stakeholder management• Business Architect: Led the solution design phase to identify Finance and Accounts activities that can be Co-Sourced to Accenture. Conducted client workshops to understand the complexities of activities. Designed comprehensive process flows in Visio• Change Management lead: Identify key changes impacting the retained organization due to the disruption resulting out of Co-Sourcing/Outsourcing. Communicate key changes to the stakeholders of Co-Sourcing. Clearly articulate the target state to guide the project's path forward. Define how the change structure should be organized and governed. Measure and report the progress of the change adoption. -
Sr. Business AnalystCognizant Technology Solutions Mar 2009 - May 2012Springfield, Massachusetts AreaAs senior business analyst I am involved in Presales activities for Insurance business which include responding to RFI and RFP, handling client visits, preparing marketing materials etc. also I an involved in the SME activity like creating SOQ developing contents for the insurance products portals etc. and also I am involved in the project for TIAA as Sr. business analyst and providing insight from the business front. Here I am working as the team lead. -
Business AnalystNiit Technologies May 2008 - Mar 2009New Delhi Area, Indiawas supporting Life/400 application (Policy admin system - Life insurance). My work profile included requirement gathering for any enhancement request, preparation of business specification document which talks about changes need to be implemented for that particular enhancement and then to supervise the system testing and looking after the production defects for an Australian client ( Asteron Insurance) -
Business AnalystDxc Technology Dec 2006 - May 2008I was supporting Life/400 application (Policy admin system - Life insurance). My work profile included requirement gathering for any enhancement request, preparation of business specification document which talks about changes need to be implemented for that particular enhancement and then to supervise the system testing and UAT for the client( Reliance Life Insurance Co. Ltd.) -
Asst ManagerBajaj Allianz Life Insurance Co. Ltd. Jul 2005 - Dec 2006New Delhi Area, IndiaWorked as a Management Trainee and then as an Assistant Manager in the Alternate channel of Bajaj Allianz Life Insurance Company Ltd.
Shashank Bajpai Education Details
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Finance -
University Of LucknowFirst -
Army Public SchoolScience
Frequently Asked Questions about Shashank Bajpai
What company does Shashank Bajpai work for?
Shashank Bajpai works for Insuremo
What is Shashank Bajpai's role at the current company?
Shashank Bajpai's current role is Business Solutions Manager.
What schools did Shashank Bajpai attend?
Shashank Bajpai attended Ibs Hyderabad, University Of Lucknow, Army Public School.
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Shashank Bajpai
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Shashank Bajpai
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Shashank Bajpai
P&L Head L Sales & Bd Head Lwith A "Go-Getter" Outlook And A Proven Track Record Of Implementing The Necessary Business Development Strategy To Accomplish Business Goals While Creating Unique Go-To-Market StrategiesGurugram
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