Insurance Program Manager

ESP Engineered; Bengaluru; On-site; INR 1,500,000 - 2,500,000; Full time

Benefits offered by this job

Health insurance

Paid time off

Holidays

Job summary

ESP Engineered, located in Bengaluru, India, is seeking a Senior Insurance Program Manager with over 10 years of experience in corporate insurance and risk management. Responsibilities include managing global insurance programs, evaluating risks, and ensuring compliance with laws and regulations. The ideal candidate will possess strong negotiation and analytical skills, a bachelor's degree in Finance or Business Administration, and proficiency in risk management software. We offer competitive compensation and benefits packages.

Qualifications

• 10 years of experience in corporate insurance or risk management.
• Proven track record of managing complex insurance programs.
• In-depth knowledge of various insurance products.

Responsibilities

• Design, implement, and manage global insurance programs.
• Identify and evaluate potential risks to the organization's assets.
• Manage relationships with insurance brokers and underwriters.
• Oversee entire claims process from reporting to settlement.
• Ensure compliance with relevant laws and internal policies.
• Develop and manage the annual insurance budget.

Skills

Negotiation skills

Communication skills

Analytical skills

Problem-solving abilities

Education

Bachelor's degree in Finance or Business Administration

MBA or professional certification (e.g., CPCU, ARM)

Tools

Risk management software

Job description

RGBSI, a multinational corporation with its headquarters in Bangalore, India, has a global presence with branches in the USA, Canada, and Germany. We provide comprehensive services in various industries, including Engineering, Quality, Workforce Management, Compliance, and Software, collaborating with esteemed companies worldwide.

Responsibilities

• Insurance Program Management: Design, implement, and manage the company's global insurance programs, including property, casualty, liability, and other specialized lines of coverage.
• Risk Assessment: Identify, analyze, and evaluate potential risks to the organization's assets, operations, and financial stability. Develop strategies to mitigate these risks through insurance and other risk management techniques.
• Broker and Underwriter Relations: Manage relationships with insurance brokers, underwriters, and third‑party administrators. Negotiate policy terms, conditions, and premiums to ensure optimal coverage at competitive rates.
• Claims Management: Oversee the entire claims process, from initial reporting to final settlement. Collaborate with internal stakeholders, brokers, and adjusters to ensure timely and favorable resolution of claims.
• Policy and Compliance: Ensure all insurance activities comply with relevant laws, regulations, and internal policies. Maintain accurate records of all insurance policies, claims, and related documentation.
• Budgeting and Reporting: Develop and manage the annual insurance budget. Provide regular reports to senior management on the status of insurance programs, claims, and risk exposures.
• Training and Awareness: Educate internal teams on insurance policies, risk management best practices, and claims procedures to foster a risk‑aware culture.
• Vendor Management: Evaluate and select insurance‑related vendors and service providers.
• Market Analysis: Stay abreast of market trends, emerging risks, and new insurance products to continuously improve the company's insurance program.

Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field. MBA or professional certification (e.g., CPCU, ARM) is a plus.
• Minimum of 10 years of experience in a corporate insurance or risk management role.
• Proven track record of managing complex insurance programs and large claims.
• Excellent negotiation, communication, and interpersonal skills.
• Strong analytical and problem‑solving abilities.
• In‑depth knowledge of various insurance products, including D&O, E&O, cyber liability, and general liability.
• Proficiency in risk management software and tools.

We offer attractive and competitive compensation and benefits packages, including health insurance, paid time off, holidays, and more. If you take pride in your work and are dedicated to personal and professional growth, we encourage you to connect with us. Visit our website at www.rgbsi.com to explore further.