Process Engineer / Process Consultant

JD -

Experience: Relevant Experience as a Process Engineer / Process Consultant: 7-10 years

Focus:

We are looking for a knowledgeable Process Consultant to give solid advice in their field of Banking or Insurance. They will be responsible for analyzing a process/process model/function and providing a fresh perspective. You will discover the most suitable solutions whether it is proposing a new IT system or implementing a full strategic plan.

• Is an expert in matters concerning their BFSI ( Insurance processes).
• Excellent skill in identifying the cause of problems and presenting their solutions in a comprehensive and detailed manner.
• The goal is to help businesses be more functional and successful. (Banking / Insurance Processes)
• Identify optimization areas within the process functions and derive cost savings benefit.
• Experience in creating business case and manifestation.
• Strong Domain Insurance Knowledge (Auto Umbrella Dwelling P3)

Skills:

• Strong analytical statistical and programming skills (e.g. SQL Python R).
• Strong analytical problem-solving and interpersonal skills.

Responsibilities:

• Conducting process analysis and identify areas for improvement within existing processes.
• Designing and implementing solutions: Develop and implement process changes to enhance efficiency.
• Undertake short-term or long-term projects to address a variety of issues and needs
• Meet with management or appropriate staff to understand their requirements
• Use interviews surveys etc. to collect necessary data
• Conduct situational and data analysis to identify and understand a problem or issue
• Present and explain findings to appropriate executives
• Provide advice or suggestions for improvement according to objectives
• Formulate plans to implement recommendations and overcome objections
• Evaluate the situation periodically and make adjustments when needed
• Thorough knowledge of field of expertise and willingness to keep abreast of advancements
• Identify Control and Risk Management

Understanding the three lines of defense

First Line: Business units and process owners who manage risks as part of their daily operations and are responsible for implementing controls.

Second Line (Process Engineers Focus): Provides oversight guidance and monitoring of the first lines risk management activities. This includes developing policies procedures risk assessments and ensuring compliance.

Third Line: Internal Audit provides independent assurance on the effectiveness of risk management and control processes.

Identify Controls: Based on the identified risks and understanding of the processes the process engineer collaboratively identifies and recommends appropriate controls to mitigate those risks. This involves:

Reviewing Existing Control Measures: Assessing the effectiveness of any current controls in place.

Considering the Hierarchy of Controls: Evaluating elimination substitution engineering controls administrative controls and PPE in order to prioritize the most effective and sustainable controls.

Well versed on Below:

• Anova Analysis
• Value Stream Mapping
• Minitab
• DMAIC
• Lean Principles
• FEMA
• Time Motion Study
• Excellent Communication
• Business Case creation and manifestation
• Worked in Property And Casualty Domain
• Business Risk and Controls Identification