Team Member - Insurance (Ahmedabad)

Job DescriptionAbout Business\nJOB DESCRIPTION\nAdani Group: Adani Group is a diversified organisation in India comprising 10 publicly traded companies. It has created a world class logistics and utility infrastructure portfolio that has a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its logistics and energy businesses focusing on large scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG rated businesses, it is the only Infrastructure Investment Grade issuer in India.\nAEL Corporate Services (AEL CS): AEL Corporate Services plays a pivotal role in managing essential corporate functions such as finance, insurance, and secretarial services at a group level for all Adani business units. By centralizing these critical operations, AEL CS ensures efficiency, standardization, and strategic alignment across the conglomerate. Its expertise in risk management, governance, and financial stewardship supports the Group's dynamic growth while maintaining compliance with global standards. Through innovation and a commitment to excellence, AEL CS underpins the Adani Group's vision of sustainable value creation and nation-building.\nJob Purpose\nThis role is responsible for executing operational tasks within the insurance function, ensuring comprehensive coverage for assets, liabilities, and business ventures. This role focuses on managing annual insurance renewals, preparing and issuing RFPs, handling claims, and maintaining accurate policy documentation. By collaborating with internal teams and engaging with insurers, the Team Member ensures seamless insurance operations, compliance with regulatory standards, and effective risk mitigation. Through standardized processes and strong stakeholder management, this role supports the group's resilience and operational continuity.\nResponsibilities\nInsurance Management\n- Assess insurance requirements for new business ventures, acquisitions, and projects by gathering detailed information on assets, liabilities, and operational risks from business units.- Identify insurable risks associated with current assets and ensure proper coverage for all new acquisitions and ventures by engaging with local insurers.- Collaborate with business, finance, and technical teams to gather accurate asset details, which are essential for determining insurance needs and coverage limits.- Maintain an updated portfolio of all newly insured assets, ensuring that no business venture operates without adequate insurance coverage.\nComprehensive Insurance Renewal\n- Conduct the annual renewal process for the group's assets and liabilities, coordinating with all relevant business units to confirm the sum insured and identify any changes to asset values.- Receive and review the Fixed Asset Register (FAR) and verify that all assets have been accounted for in the renewal process, avoiding any potential gaps in coverage. Engage with the market to obtain competitive renewal terms, negotiating directly with insurers and reinsurers to achieve the best possible premium rates and coverage conditions.- Monitor insurance trends and market conditions to anticipate any potential cost fluctuations or changes in coverage terms that might affect the renewal process.- Ensure timely and accurate completion of all renewal-related documentation, preventing any lapses in insurance coverage.\nPreparing and Issuing Request for Proposals (RFPs)\n- Prepare and issue RFPs for various types of insurance, including property, fire, and project insurance, ensuring that the group's requirements are clearly communicated to potential insurers.- Execute the end-to-end RFP process, from drafting the proposal to issuing requests to the insurance market and managing the response and evaluation phase.- Collaborate with technical teams to ensure that all asset details and risk assessments are included in the RFP, so insurers have the full picture of the risks involved.- Execute the entire NFA (Note for Approval) process, from preparing the final recommendation based on Quote Comparison Reports (QCR) to securing internal approvals and uploading the NFA to relevant systems.- After finalization, ensure the Direct Payment Request (DPR) is created and sent to the ABEX team for processing payment.\nClaims Management and Policy Documentation\n- Execute the claims management process by ensuring that all claims are promptly reported to insurers, and necessary docume