Sr. Executive /Asst. Manager - Insurance

Quality HR India Pvt. Ltd.; Malad; On-site; INR 1,080,000 - 1,320,000; Full time

Job summary

Quality HR India Pvt. Ltd. invites applications for Sr. Executive / Asst.

Manager - Insurance, based in Malad (Mumbai). The role requires 4–5 years of experience in managing diverse insurance portfolios across marine transit, stock throughput, IAR, property, and business interruption lines. You will oversee motor insurance for the fleet, employee benefit policies (GPA, WC, group medical), liability coverages (CGL, PLL, PI, D&O), and ensure timely renewals, risk assessments, and cost optimization

Qualifications

• Graduation (any field) required
• 4–5 years of relevant experience in insurance

Responsibilities

• Manage and administer the organization’s entire insurance portfolio, ensuring adequate coverage and risk protection.
• Oversee renewal, endorsements, claims settlements and policy compliance across all lines.
• Coordinate with brokers and insurers for quotations, renewal terms and premiums.
• Handle claims end-to-end and maintain MIS, loss reports and dashboards.
• Manage employee benefits insurance including GPA, WC and group medical plans.
• Coordinate with HR and service providers for policy administration and claims support.
• Monitor risk exposure and advise on coverage adequacy and cost optimization.

Skills

Insurance portfolio management

Marine transit insurance

Stock throughput insurance

Industrial all risk

Property insurance

Business interruption insurance

Motor fleet management

GPA & WC

CGL & PLL

PI & D&O

Fidelity & crime insurance

Risk assessment

Policy renewal & negotiation

Claims management

Broker & stakeholder mgmt

MS Excel/PowerPoint

Education

Any Graduation

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 :- Upto12.00 LPA