Rishiraj Mukadam

About Rishiraj Mukadam

Core Competencies * Rick and extensive experience of working with FCU department…

Experience

1. Manager, Fraud Prevention & Control Unit

   Axis Max Life Insurance Limited

   Jun 2022 — Present · Mumbai, IN

   Deputations: June’2022 – Max Life Insurance Company Ltd, Manager, Fraud Prevention and Control Unit (FPCU)Key Result Areas:• Managed Fraud & Risk Intelligence (FCU) activities for West zone, Maharashtra, Gujarat, MP and GOA.• Collaborated seamlessly with cross-functional teams while conducting fraud investigations of employees and intermediaries.• Successfully investigated suspicious cases pertaining to new business, pre-existing disease, death before risk commencement date and customer grievance cases.• Effectively investigated cases considered negative by Underwriting Risk Management Unit (URMU) in the post policy issuance stage.• Established strategic partnership with investigation agencies for closure of cases within TAT.• Conducted fraud awareness session in all branches for the west zone.• Through relentless focus on data mining and by demonstrating strong analytical skills was successful in identifying frauds resulting in significant decrease in fraud ratio.• Effectively managed death claim investigation and submitted a comprehensive investigation report on complex and critical fraud cases. • Recommended actions against violators and suggested amendments to processes and policies to enhance overall effectiveness.• Evaluate and supervise the onboarding process of agents and service providers.• Monthly reporting on fraud cases to the respective business heads.

Skills

• Credit
• Finance
• Product Management
• Analytics
• Auditing
• Internal Audit
• Analysis
• Mis
• Training
• Loans
• Management
• Credit Cards
• Financial Risk
• Banking