Job Description
Insurance Specialist/Manager
Responsible for end to end management of the company's business insurance portfolio. This includes renewal planning, facilitate policy negotiation, premium allocation, accounting of insurance costs, claim management facilitation, contract review for customer insurance assurance requirements, and ensuring overall compliance with organizational and regulatory standards.
End to End Renewal Management
• Maintain and update the complete insurance schedule for all active policies in line with group requirement.
• Coordinate with brokers, and internal stakeholders for policy renewal timelines.
• Evaluate renewal terms, compare quotations, negotiate premiums, limits, deductibles, and coverage enhancements.
• Facilitate documentation, endorsements, and issuance of renewal policies.
• Conduct risk assessment prior to renewal to ensure optimal coverage.Premium Cost Allocation & Accounting
• Allocate insurance premiums to appropriate cost centres based on business rules and exposure data.
• Coordinate with Finance/Accounts team for accurate booking of insurance premiums.
• Review policy-wise cost centre mapping for correctness.
• Ensure proper accruals and amortization of premiums.
• Reconcile insurance accounts, advance payments, and credit notes from insurers/brokers.
Claims Management
• Manage end to end claims process
• Liaise with business units to collect documents and incident details.
• Coordinate with brokers and insurers for timely submission of claims.
• Track claim progress, follow up for assessment, surveyor reports, and approvals.
• Facilitate MIS reports on claim trends, recoveries, and claim ratios.
Contract Review & Customer Insurance Assurance
• Review customer contracts to understand insurance assurance/requirement clauses.
• Validate whether current policies meet contractual obligations.
Responsible for end to end management of the company's business insurance portfolio. This includes renewal planning, facilitate policy negotiation, premium allocation, accounting of insurance costs, claim management facilitation, contract review for customer insurance assurance requirements, and ensuring overall compliance with organizational and regulatory standards.
End to End Renewal Management
• Maintain and update the complete insurance schedule for all active policies in line with group requirement.
• Coordinate with brokers, and internal stakeholders for policy renewal timelines.
• Evaluate renewal terms, compare quotations, negotiate premiums, limits, deductibles, and coverage enhancements.
• Facilitate documentation, endorsements, and issuance of renewal policies.
• Conduct risk assessment prior to renewal to ensure optimal coverage.Premium Cost Allocation & Accounting
• Allocate insurance premiums to appropriate cost centres based on business rules and exposure data.
• Coordinate with Finance/Accounts team for accurate booking of insurance premiums.
• Review policy-wise cost centre mapping for correctness.
• Ensure proper accruals and amortization of premiums.
• Reconcile insurance accounts, advance payments, and credit notes from insurers/brokers.
Claims Management
• Manage end to end claims process
• Liaise with business units to collect documents and incident details.
• Coordinate with brokers and insurers for timely submission of claims.
• Track claim progress, follow up for assessment, surveyor reports, and approvals.
• Facilitate MIS reports on claim trends, recoveries, and claim ratios.
Contract Review & Customer Insurance Assurance
• Review customer contracts to understand insurance assurance/requirement clauses.
• Validate whether current policies meet contractual obligations.
💡 Quick Summary
Seeking a career-building opportunity? The Insurance Specialist/Manager position is now open for candidates interested in the Insurance sector. This role in Gurgaon offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Insurance is a plus.