- Project management concepts: basic understanding of project management methodologies, tools, and techniques, and be able to apply them effectively to ensure project success.
- Developing project plans: develop project plans that outline project scope, timelines, budgets, and resource requirements.
- Managing project budgets: manage project budgets, including forecasting costs, tracking expenses, and ensuring that the project is completed within budget.
- Communicating with stakeholders: communicate project status, risks, and issues to stakeholders, including executives, clients, and regulatory bodies.
- Collaborating with other departments: collaborate with other departments within the insurance company, including underwriting, claims, and customer service, to ensure that the project meets the needs of the organization as a whole.
- Ensuring compliance: familiar with relevant regulations and laws in the insurance industry and ensure that the project complies with these requirements (through involving the relevant business owners to tackle this).
- Managing project risks: identify and manage risks associated with the project, including those related to regulatory compliance, data security, and product quality.