Insurance Specialist

Role Summary:

The incumbent will be responsible for managing the companys entire insurance portfolio including policy procurement, renewals, claims management, risk assessment, and coordination with insurers, surveyors, and internal departments. The role ensures adequate risk coverage, compliance with policy terms, and timely settlement of claims.

Key Responsibilities:

• Handling renewal and placement of all insurance policies (CGL, Property, Marine, Fire, Transit, Liability, Employee Insurance, etc.).
• Coordination with insurance brokers, insurers, surveyors, and loss assessors.
• Managing claim documentation, submission, follow-up, and settlement.
• Reviewing tender insurance requirements and arranging suitable coverage.
• Risk evaluation of plant, warehouse, and operations.
• Maintaining insurance MIS and claim status reports.
• Ensuring compliance with policy terms and conditions.
• Negotiating premium rates and policy terms with insurers.
• Supporting internal audit and statutory audit requirements.
• Handling policy endorsements and additions/deletions.

Skills Required:

• Strong knowledge of Corporate Insurance & Risk Management.
• Experience in claim handling and settlement.
• Understanding of Fire, Marine, Liability & Industrial Risk policies.
• Negotiation and coordination skills.
• Good documentation and drafting skills.
• ERP knowledge (Business Central preferred).
• Strong analytical and reporting skills.

Key Skills (Add in Skills Section)

• Insurance Management
• Corporate Insurance
• Risk Assessment
• Claims Handling
• Fire & Marine Policy
• Liability Insurance
• Tender Insurance Compliance
• MIS Reporting
• Negotiation
• Documentation