Insurance Manager

About Hartek

Hartek Group is not only a great place to work with amazing people, vibrant culture, outstanding environment, and extensive support, but we are also proud to be a Great Place to Work certified company six times in a row. We offer our employees an opportunity to work towards Making Your Future Powerful while solving challenges to build a brighter and sustainable tomorrow.

• Key Skills
• Expert knowledge in field of project insurance
• Expert knowledge in Erection All Risk (EAR) policy
• Marine Policy
• Fire Policy
• Building Insurance
• MIS on all projects claims
• Insurance policies & exposures and claims filed & claims received

Overview

• An Insurance Manager in the Finance & Accounts division is responsible for managing all corporate insurance matters, ensuring adequate coverage of assets, operations, and personnel while aligning with financial planning, budgeting, and risk mitigation strategies

Roles & Responsibilities

• Evaluate the companys insurance needs and ensure appropriate product solutions is acquired from the insurance broker.
• Maintain records for all insurances purchased during the year and map insurances with Projects for insurance adequacy.
• Make comparative analysis for all insurance policies for Competitive Pricing and Coverages.
• Negotiate terms and conditions of insurance policies with Insurance broker and underwriters.
• Must have expert knowledge in field of project insurance especially Erection All Risk (EAR) policy, Marine Policy, Fire Policy, Building Insurance
• In-depth understanding on various clauses in EAR and Marine Policy for inclusions and exclusions and impact on insurance premiums.
• Must posses leadership skills to interact with Business Heads, obtain information wrt Projects and Insurance Coverages as specified under each project.
• Filing of monthly declaration for open marine policies.
• Monthly reconciliation of insurances purchases vis--vis projects in hand and gap analysis and timely taking appropriate actions to ensure insurance adequacy.
• Ensure the accounting of all insurance bills, prepaid insurances, settlement of advance premiums.
• Knowledge management of insurance subject and share the insights and promote best practices.
• Prepare daily trackers and MIS on all projects, insurance policies and exposures.
• Work proactively on cases of project time and cost overrun.
• Timely intimation to insurance agencies and brokers for all insurance claims
• Build a mechanism within the organization for quick response to any claims and losses.
• Must have expert knowledge in filling claim documents with insurance companies and brokers.
• Must work closely with internal stake holders, obtain information and documents and ensure timely submissions to insurance companies.
• Prepare daily trackers and MIS on all projects claims, insurance policies and exposures and claims filed and claims received.
• Ensure the accounting of all insurance claim, claims recoverable and settlements if any.