Sequences having better autocorrelation properties play a crucial role in enhancing the performance of active sensing systems. Hence, sequences with good autocorrelation properties are very much in demand. In this paper, we addressed the problem of designing a unimodular sequence having better side-lobe levels. We formulated it as a constrained optimization problem comprising the Integrated Side-lobe Level (ISL) metric and then proposed an effective algorithm (named UNIPOL - UNImodular sequence design via a separable iterative POLynomial optimization) where we perform the polynomial optimization at every iteration. The novelty of the paper comes from deriving a quartic majorization function that is separable in the sequence variables and that can be minimized parallelly. To evaluate the performance of our proposed algorithm we perform the numerical experiments for different sequence lengths and confirm that our proposed algorithm is the fastest algorithm to attain an actual optimum minimizer of the ISL metric. Our proposed algorithm is also computationally efficient due to its ease of implementation using the FFT, IFFT operations in a parallel fashion.