Risk and Insurance Assistant Manager

Vision Express Philippines; Pasig; On-site; PHP 600,000 - 900,000; Full time

Job summary

A leading company in the Philippines is seeking an Insurance Manager to oversee asset and liability insurance placements and claims processes. The ideal candidate will have a strong understanding of insurance policies and a minimum of 3 years of relevant experience. This role involves analyzing risk exposures and ensuring optimal insurance coverage to protect the organization from disruptions and losses.

Qualifications

• At least 3 years of related work experience.
• Knowledgeable in insurance processes and claims.
• Experience with retail organizations’ systems is a plus.

Responsibilities

• Identify new insurable risks and recommend effective management.
• Negotiate cost-effective premium rates during renewals.
• Ensure claims are filed and paid by insurance companies.

Skills

Analytical skills

Communication skills

Problem-solving skills

Collaboration skills

Education

Graduate of a 4-year course preferably BS Accountancy, Finance, Management, Legal

Tools

MS Office

Job description

Secure insurance protections for the company’s assets and liabilities. S/he is responsible for overseeing initial insurance placements, renewals and claims process with the insurance provider. S/he should analyze the insurance needs of the company by identifying risk exposures to provide optimum insurance coverage. Must have a strong understanding of insurance policies/coverage and principles. S/he must ensure that insurance protects the organization against disruption and business losses.

QUALIFICATIONS:

• Graduate of a 4-year course preferably BS Accountancy, Finance, Management, Legal, or any related courses

• With at least 3 years of related work experience in a related industry of notable size, complexity, and significance.

• Knowledgeable in Insurance process and claims

• Strong analytical skills and ability to interpret and communicate effectively at all levels

• Very Proficient in MS Office applications.

• Knowledge of retail organizations’ systems and processes is a plus.

• Experience managing several tasks and priorities and exercising independent working

• Excellent communication, problem-solving, and collaboration skills.

JOB RESPONSIBILITIES:

• Identify new insurable risks and recommend effective management of the risks identified

• Review existing insurance policies and define specific asset(s) and liability(ies) that may need to be covered or may need to have a broader policy cover

• Negotiate the most cost-effective premium rates with broader policy coverage every renewal periods

• Develops policies and process together with the Business Process team to ensure that risks are managed effectively and processes on all areas of the section are covered

• Secure approval from the management on the rates and coverage

• Ensures monthly, quarterly or annual declarations of coverage to insurance companies

• Ensures that all policies subject for renewal are renewed at least one month before the expiration date of coverage

• Monthly status reporting to immediate head

• Ensures appropriate billings from the insurance companies and signs on the check request for accounting to process

• Point person for every incident that requires claims and ensure that claims are directed to insurance providers.

• Ensures and monitors that insurance claims are filed and paid by the insurance company

• Validates and ensures completeness of the requirements of the insurance companies