Sr. Executive /Asst. Manager - Insurance

Job Description:

Position: Sr. Executive /Asst. Manager  - Insurance

Location: Malad - Mumbai

Experience: 4 – 5 Years

Industries: Chemical MNC

Responsibilities:

• Insurance Portfolio Management
• Manage and administer the organization's overall insurance portfolio, ensuring adequate coverage and risk protection.
• Possess strong knowledge of various insurance policies including:
• Marine Transit Insurance
• Stock Throughput Policies
• Industrial All Risk (IAR) Policies
• Property Insurance Policies
• Business Interruption Insurance
• Motor Insurance Management
• Oversee motor insurance for the company's entire vehicle fleet.
• Ensure timely renewals, endorsements, claim settlements, and policy compliance.
•  Employee Benefits Insurance
• Manage employee-related insurance programs including:
• Group Personal Accident (GPA)
• Workmen Compensation (WC)
• Group Medical and other employee welfare insurance policies
• Coordinate with HR and insurance service providers for policy administration and claims support.
• Liability Insurance Management
• Handle and administer various liability insurance policies, including:
• Commercial General Liability (CGL)
• Pollution Legal Liability (PLL)
• Professional Indemnity (PI)
• Directors' and Officers' Liability (D&O)
• Fidelity Guarantee and Crime Insurance Policies
•  Risk Assessment & Coverage Adequacy
• Monitor monthly inventory levels, asset values, and operational risks to always ensure adequate insurance coverage.
• Identify potential coverage gaps and recommend appropriate risk mitigation measures.
•  Policy Renewal & Cost Optimization
• Ensure timely renewal of all insurance policies without any lapse in coverage.
• Coordinate with insurance brokers and insurers for competitive quotations and negotiate renewal terms, conditions, and premiums.
• insurance cost optimization initiatives while maintaining adequate risk protection.
•  Claims Management
• Manage end-to-end insurance claims processes across all lines of insurance.
• Coordinate with internal stakeholders, surveyors, brokers, and insurers to ensure timely claim settlement.
• Prepare and maintain claim MIS, loss reports, claim recovery status, and management dashboards.
•  Surety Bond: coordinating with brokers for arranging Surety bond limit
•  Stakeholder & Broker Management
• Build and maintain effective relationships with insurance brokers, insurers, surveyors, and internal stakeholders.
• Conduct periodic reviews and monthly meetings with insurance brokers to assess portfolio performance, claim status, market developments, and renewal strategies.
•  Compliance & Reporting
• Ensure compliance with statutory, regulatory, and company insurance requirements.
• Maintain accurate insurance records, policy documentation, endorsements, and audit-ready files.
• Prepare periodic MIS reports and presentations for management review.

Required Skills:

• Insurance Portfolio Management
• Marine Transit and Stock Throughput Insurance
• Industrial All Risk (IAR) and Property Insurance
• Business Interruption Insurance
• Motor Fleet Insurance Management
• Group Personal Accident (GPA) and Workmen Compensation (WC)
• Group Medical and Employee Benefits Insurance
• Commercial General Liability (CGL) and Pollution Legal Liability (PLL)
• Professional Indemnity (PI) and Directors' and Officers' Liability (D&O)
• Fidelity Guarantee and Crime Insurance
• Insurance Risk Assessment and Coverage Adequacy
• Insurance Policy Renewal and Premium Negotiation
• Insurance Claims Management and Settlement
• Surety Bond Limit Coordination
• Insurance Cost Optimization and Risk Mitigation
• Insurance Broker and Stakeholder Management
• MIS Reporting, Loss Analysis, and Management Dashboards
• Insurance Documentation, Compliance, and Audit Management
• MS Excel, Word, and PowerPoint
• Strong Analytical, Negotiation, Communication, and Coordination Skills
  

Required Qualification: - Any Graduation

Salary :- Upto 12.00 LPA

If you are interested for this opening please send updated resume on same mail with following details.

Total No. of Years Experience :-

Current CTC :-

Expected CTC :-

Notice Period :-