Job Description
Job Description
Key responsibilities
Assist & work with DGM – Insurance with the following ;
Insurance Strategy And Planning
• Assist in developing and implementing an effective insurance strategy aligned with the organization's risk management objectives.
• Evaluate the current insurance portfolio and identify areas for improvement.
• Stay abreast of industry trends, changes in regulations, and emerging risks to inform insurance strategies.
• Identify new insurable risks within the business and make recommendations for effective management of risk.
• Ensure that the gross value of insurance by policy and asset is as per the SOP on insurance.
• Maintain Insurance policy database of the company.
• Ensure on time renewal & premium payments are done.
Policy Selection And Negotiation
• Assist in assessing insurance needs and work with Procurement to negotiate policy terms, coverage, and premiums with insurance providers.
• Ensure that insurance policies provide adequate coverage for potential risks.
• Collaborate with brokers and underwriters to secure the most favourable terms for the organization.
• Ensure that all policies are renewed on time and in full.
Compliance And Risk Management
• Ensure compliance with legal and regulatory requirements related to insurance.
• Conduct risk assessments and implement risk mitigation strategies.
• Collaborate with legal and compliance teams to ensure adherence to insurance-related laws and regulations.
Claims Management
• Manage and oversee the claims process, working closely with insurance providers.
• Ensure that the terms and conditions of insurance policy are clear and robust to avoid issues during claims.
• Investigate and assess the validity of claims, review the claims before sending them to the insurance providers and ensure timely and accurate resolution.
• Maintain records of all claims and settlements.
Communication And Training
• Communicate insurance policies, terms, and coverage details to relevant stakeholders within the organization.
• Provide training and guidance to staff on insurance-related matters.
• Address inquiries and concerns related to insurance coverage.
• Collaborate with the commercial team on insurance related clauses in the tenders and customer contract/s.
Budgeting And Financial Analysis
• Develop and manage the insurance budget.
• Conduct financial analysis to evaluate the cost-effectiveness of insurance programs.
• Identify opportunities for cost savings without compromising coverage.
• Ensuring correct recharge to business units (as applicable) is budgeted for.
Key responsibilities
Assist & work with DGM – Insurance with the following ;
Insurance Strategy And Planning
• Assist in developing and implementing an effective insurance strategy aligned with the organization's risk management objectives.
• Evaluate the current insurance portfolio and identify areas for improvement.
• Stay abreast of industry trends, changes in regulations, and emerging risks to inform insurance strategies.
• Identify new insurable risks within the business and make recommendations for effective management of risk.
• Ensure that the gross value of insurance by policy and asset is as per the SOP on insurance.
• Maintain Insurance policy database of the company.
• Ensure on time renewal & premium payments are done.
Policy Selection And Negotiation
• Assist in assessing insurance needs and work with Procurement to negotiate policy terms, coverage, and premiums with insurance providers.
• Ensure that insurance policies provide adequate coverage for potential risks.
• Collaborate with brokers and underwriters to secure the most favourable terms for the organization.
• Ensure that all policies are renewed on time and in full.
Compliance And Risk Management
• Ensure compliance with legal and regulatory requirements related to insurance.
• Conduct risk assessments and implement risk mitigation strategies.
• Collaborate with legal and compliance teams to ensure adherence to insurance-related laws and regulations.
Claims Management
• Manage and oversee the claims process, working closely with insurance providers.
• Ensure that the terms and conditions of insurance policy are clear and robust to avoid issues during claims.
• Investigate and assess the validity of claims, review the claims before sending them to the insurance providers and ensure timely and accurate resolution.
• Maintain records of all claims and settlements.
Communication And Training
• Communicate insurance policies, terms, and coverage details to relevant stakeholders within the organization.
• Provide training and guidance to staff on insurance-related matters.
• Address inquiries and concerns related to insurance coverage.
• Collaborate with the commercial team on insurance related clauses in the tenders and customer contract/s.
Budgeting And Financial Analysis
• Develop and manage the insurance budget.
• Conduct financial analysis to evaluate the cost-effectiveness of insurance programs.
• Identify opportunities for cost savings without compromising coverage.
• Ensuring correct recharge to business units (as applicable) is budgeted for.
💡 Quick Summary
Seeking a career-building opportunity? The Manager - Insurance - SCO position is now open for candidates interested in the Marketing Executive Jobs sector. This role in Mumbai 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 Marketing Executive Jobs is a plus.