DEPUTY MANAGER

SPML Infra Limited; Kolkata District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

SPML Infra Limited in Kolkata invites applications for the Deputy Manager – Insurance role. The position supports planning and coordinating all insurance and risk-management activities for staff and projects.

Reporting to CFO, you will manage broker relationships, analyze quotations to optimize premiums, supervise SOPs, and guide the team through claims and contract reviews. Ideal candidates have extensive experience in insurance with strong organizational and communication skills.

Qualifications

• 7–8 years of overall experience in insurance/risk management.
• 5–6 years in related roles (insurance).
• Strong ability to analyze quotations and manage budgets.

Responsibilities

• Investigates inconsistencies with broker/insurance company and resolves issues.
• Ensures insurance costs are charged accurately in projects per quotations.
• Plans and manages insurance costs aligned to budgets.
• Maintains networks with vendors to secure best deals for projects.
• Supports contract reviews, litigations, and claims assistance with legal.
• Prepares SOPs and trains the team.

Skills

Excellent organizational and time mgmt

Good interpersonal and communication

Job description

6 - 10 Years

REGULAR

Job Description

JOB DESCRIPTION

Section I: Basic Information on theRole

Position Name

Deputy Manager – Insurance

Function

Insurance

Line of Business

Corporate

Grade

D 2

Reporting to

Functionally

Administratively

CFO

CFO

No. of employees

Role Description

Executive - Insurance

1

Responsible for assisting theManager – Insurance in planning/coordinating all insurance and riskmanagement activities and settling claims of staff and organization

Section III: Do – Key Activitiesand responsibilities of the role

• Investigates inconsistencies with broker/ insurancecompany and takes appropriate action
• Ensures cost of insurance is accurately charged inprojects as per the quotation/agreement
• Strives to optimize the costof insurance through detailed analysis and use of knowledge and experience
• Plans & manages insurancecosts as per the planned budgets

Customer

• Identifies, establishes and maintains networks with vendors(broker/ insurance company) in order to get the best deals for all projectsand organizational insurance
• Communicates, inconjunction with the Director, regularly and effectively with estimators,project managers, supervisors and other stakeholders necessary to manage the insuranceprogram
• Managesinteractions with the legal department for contract reviews, litigations andany claims assistance that they require
• Maintains on-going contact with project coordinators/officersto understand requirements, discuss any new insurance procedures, answerongoing issues relating to project insurance, and provide assistance whenevernecessary
• Assistsinvestigators and surveyors in claim documentation

Internal Process/Internal Process/Operations

• Analyzes quotations from various insurance companies toensure coverage of all terms and conditions and optimum premium charges
• Analyzes statistical data (such as mortality, accident,sickness, disability, and retirement rates) and constructs probability tablesto forecast risk and liability for payment of future benefits
• Ascertains premium rates required and cash reservesnecessary to ensure payment of future benefits
• Ensures processing of applications for, changes to,reinstatement of, and cancellation of insurance policies and claims forms
• Investigates, analyzes and determines the extent of theinsurance company's liability concerning personal, casualty, or property lossor damages, and strives to effect settlement with claimants
• Reviews settled insurance claims to determine thatpayments and settlements have been made in accordance with company practicesand procedures and reports discrepancies
• Corresponds with or interviews medical specialists,agents, witnesses, or claimants to compile information with respect to claims
• Reviews individual applications for insurance to evaluatedegree of risk involved and determine acceptance of applications
• Ensures preparation of reports and certificates ofinsurance as per requirements
• Constantly improves and updates procedures and processesto ensure excellent delivery of all insurance services
• Prepares SOPs for all insurance related activities
• Ensures training and development of the team

Section IV: DELIVER – KEY OUTPUTS /RESULTS FROM THE ROLE

KeyPerformance Indicators (KPI) What are the measurable indicators for the role?

• Optimization of premium to achieve best financial impact on overallproject/miscellaneous Insurance
• Timely settlement of claims
• Adherence to terms and condition of policies
• Zero loss through proper risk mitigation strategies/ clauses incontracts
• Timely completion of SOPs

Section V: DISPLAY – KNOWLEDGE& SKILLS

In thissection, please mention the qualification, technical skills and capabilitieswhich are essential to execute the role. It may be a reflection of your ownqualification and skills

Qualificationand technical skills required to execute the role. Please mention anyfunctional knowledge. E.g. PhD in xyz

Experiencelevels required to execute this role

E.g. 2-4 yrsof experience as a salesman in abc market

Specific Experience

• 5 – 6 years

Over allExperience

• 7 – 8 years

Behavioralskills / competencies required for the role. E.g. Attention to detail

BehavioralSkills

• Excellent organizational andtime management skills
• Good interpersonal and communicationskills

Section V: KEY INTERACTIONS

Mention namesof the roles which are not in your department with whom this role interacts

Key Interaction – Internal

Nature or purpose ofinteraction

Leadership

• Interact for creative, logical and appropriate solutions tominimize risk to the company.

Legal

• Contract reviews and support for litigations

Project Teams

• Understand requirements and provide guidance
• Ensure compliance to insurance terms and conditions as perorganization policies

Key Interaction – External

Nature or purpose ofinteraction

Broker/ Insurance Company

Surveyors/ Investigations

• Details on policy & follow up of claims
• Discussion of policy termsand conditions in the event of claims

Job Snapshot

Updated Date

19-08-2026

Job ID

Job_SPML_0689

Department

MANAGEMENT TEAM

Location