Sr. Executive /Asst. Manager - Insurance

JobItUs; Malad; Sur place; INR 1 080 000 - 1 320 000; Plein temps

Résumé du poste

JobItUs in Malad - Mumbai seeks a Sr. Executive / Asst. Manager - Insurance to manage the organization-wide insurance portfolio. The role covers Marine, IAR, Property, Business Interruption, and Motor insurance, with emphasis on renewal, cost optimization, and compliance.

You will coordinate with HR, brokers, and insurers, oversee claims, risk assessment, and MIS reporting to support decision making and governance.

Qualifications

• Professional role requiring broad insurance portfolio management and risk protection.
• Experience in handling marine, stock throughput, IAR and property insurance.
• Exposure to motor fleet, GPA, WC, medical and employee benefits.
• Knowledge of CGL/PLL, PI and D&O liability policies.
• Ability to assess coverage adequacy and negotiate renewals.
• Strong claims management, liaison with brokers and insurers.

Responsabilités

• Manage and admin the organization's comprehensive insurance portfolio.
• Oversee renewals, endorsements, claim settlements, and compliance.
• Coordinate with HR and service providers for policy administration.
• Manage motor fleet insurance and driver safety cost controls.
• Lead risk assessment, coverage gaps, and mitigation actions.
• Negotiate quotations, premiums, and renewal terms with brokers/insurers.
• Prepare MIS, loss reports, and management dashboards.
• Maintain stakeholder relationships and ensure audit readiness.

Connaissances

Insurance Portfolio

Marine Insurance

IAR & Property Insurance

Business Interruption

Motor Insurance Management

GPA & WC

Group Medical & Employee Benefits

CGL & PLL

PI & D&O

Fidelity & Crime

Risk Assessment

Policy Renewal & Negotiation

Claims Management

Broker & Stakeholder Mgmt

MIS Reporting & Dashboards

MS Excel, PPT

Formation

Any Graduation

Outils

MS Excel

MS Word

PowerPoint

Description du poste

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