29 Oct
|
Cognizant
|
Hyderabad
29 Oct
Cognizant
Hyderabad
Job Title: Director Level (Global Delivery Leader) – Life Insurance, Annuities & Retirement (LAR)
Location:
Hyderabad Reporting To: Sr. Director/AVP – Global Delivery Head Employment Type: Full-time Role Purpose Lead and scale newly won LAR middle-/back-office and contact center operations, stewarding $30M+ offshore P&L; with a span of control 800+ FTE across multi-site delivery. Drive client outcomes, transformation (Lean, RPA, IDP), GenAI-enabled operating model, and new business sales & solutioning (RFI/RFP). Serve as the executive face to client COOs/Operations Heads and build a resilient, compliant delivery estate. Core Responsibilities P&L; & Growth
• Own revenue ($30M+), EBITDA, margin improvement, and AOP delivery.
• Shape commercial constructs: FTE/Txn/Outcome/Gainshare; drive unit economics (productivity, automation, right-shoring).
• Pipeline governance with Sales/Solutions; forecast ramps, seasonality, attrition, cost-to-serve. Operations Leadership (800+ FTE)
• Run multi-site middle/back-office for Life & Annuities (new business, U/W support, policy admin/servicing, claims, commissions, reconciliation) and Retirement support (recordkeeping ops), plus omnichannel contact center (voice/email/chat/social).
• SLA rigor: accuracy, TAT, AHT, FCR, CSAT/NPS, QA, backlog/RTE, shrinkage, WFM capacity models, manage delivery penalty and earn back regimes.
• Business continuity/DR, change & incident management. Client Leadership & Governance
• Executive sponsor for CXO/COO-level stakeholders; run QBRs/MBRs, contract adherence, scope/change control.
• Proactive risk registers; regulatory readiness; expansion roadmaps and upsell/cross-sell motions. Transformation, Automation & GenAI
• Roadmap across value chain: Lean Six Sigma, RPA (UiPath/AA/Blue Prism), IDP (ABBYY/Hyperscience), GenAI (Azure OpenAI/Bedrock/Vertex).
• Use cases:
• Underwriting: requirements triage, medical/APS summarization, decision support.
• Claims: adjudication assistance, fraud flags, FNOL ingestion.
• Servicing: STP uplift, premium/commission reconciliation automation.
• Contact Center: agent assist, knowledge retrieval, QA automation, sentiment/NBA.
• Instrument
benefits:
STP%, automation rate, NIGO reduction, cycle time, $ savings. New Business & Solutioning (RFI/RFP)
• Lead RFI/RFP responses; design operating model, SLAs, tech stack, locations, transitions, pricing, risk mitigations.
• Conduct due diligence; build transformation-backed TCO/ROI narratives; executive orals & site tours. People & Culture
• Build leadership bench (GM/DGM/SDM); scale competency academies (LOMA ALMI/FLMI, COPC).
• Engagement & retention at scale; succession planning; DE&I; performance & rewards architecture. Risk,
Compliance & Controls
• Ensure GLBA, HIPAA/PHI (if applicable), AML/KYC, OFAC, state DOI compliance; for Retirement, align to ERISA/DOL expectations.
• Maintain SOC 2, ISO 27001, PCI DSS (payments), ISO 9001/COPC QMS; audit readiness. Required Qualifications
• 20+ years BFSI operations; 10+ years in Life, Annuities & Retirement.
• Proven leadership of ≥800 FTE multi-site delivery and $30M+ offshore P&L.;
• Deep domain across L&A; middle/back-office + contact center; strong WFM and service design.
• Hands-on transformation (Lean SS, RPA/IDP, GenAI) with quantified outcomes.
• Deal solutioning with authored RFI/RFP wins; transitions to steady-state at scale.
• Executive client management; commercial negotiation; crisis management.
• Familiar with policy admin platforms (ALIP/VPAS/LifePro), CX tech (Genesys/NICE/Amazon Connect/Five9), analytics. Preferred Certifications: LOMA ALMI/FLMI, Lean Six Sigma Black Belt, COPC, PMP/PRINCE2, RPA vendor certs, ITIL. KPIs
• Financial: Revenue growth, EBITDA, cost-to-serve, transformation savings ($).
• Ops: SLA attainment, accuracy, TAT, AHT/FCR, backlog, rework, STP%.
• Digital: Automation rate, IDP accuracy, GenAI adoption & perks.
• Client: CSAT/NPS, renewals/expansions, governance health.
• People: Attrition, engagement, leadership bench, time-to-proficiency. Education
• Bachelor’s degree required; MBA preferred.
• LOMA certifications will provide an edge
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