Insurance Manager & Risk

Responsibilities

• 1.Evaluate the companys insurance needs and ensure appropriate product solutions is acquired from the insurance broker.
• 2.Maintain records for all insurances purchased during the year and map insurances with Projects for insurance adequacy.
• 3.Make comparative analysis for all insurance policies for Competitive Pricing and Coverages.
• 4.Negotiate terms and conditions of insurance policies with Insurance broker and underwriters.
• 5.Must have expert knowledge in field of project insurance especially Erection All Risk (EAR) policy, Marine Policy, Fire Policy, Building Insurance
• 6.In-depth understanding on various clauses in EAR and Marine Policy for inclusions and exclusions and impact on insurance premiums.
• 7. Must posses leadership skills to interact with Business Heads, obtain information wrt Projects and Insurance Coverages as specified under each project.
• 8.Filing of monthly declaration for open marine policies.

9.Monthly reconciliation of insurances purchases vis--vis projects in hand and gap analysis and timely taking appropriate actions to ensure insurance adequacy.

• 10.Ensure the accounting of all insurance bills, prepaid insurances, settlement of advance premiums.
• 11.Knowledge management of insurance subject and share the insights and promote best practices.
• 12.Prepare daily trackers and MIS on all projects, insurance policies and exposures.
• 13.Work proactively on cases of project time and cost overrun.
• 14.Timely intimation to insurance agencies and brokers for all insurance claims
• 15.Build a mechanism within the organization for quick response to any claims and losses.
• 16.Must have expert knowledge in filling claim documents with insurance companies and brokers.
• 17.Must work closely with internal stake holders, obtain information and documents and ensure timely submissions to insurance companies.
• 18.Prepare daily trackers and MIS on all projects claims, insurance policies and exposures and claims filed and claims received.
• 19.Ensure the accounting of all insurance claim, claims recoverable and settlements if any.

Qualifications

• MBA in a related field.
• 5-8 years of experience in Insurance Company, Brokers in Insurer Relation Management role.
• Have good time management skills.
• Be proficient in verbal and written English.
• Be a team player.
• Have service orientation.
• Have good negotiation & convincing skills.
• Must posses proactive approach and solution oriented and timely actions.
• Have strong follow up mechanism with internal and external stake holders.