Manager Insurance

Rozee; Islamabad; On-site; PKR 1,500,000 - 2,000,000; Full time

Job summary

NRSP Microfinance Bank Limited seeks an experienced Manager Insurance to lead the management of all client insurance claims across various products. You will oversee the entire lifecycle of claims, coordinate with insurers, process invoices, and maintain receivables records while providing insightful reports to senior management.

The role requires strong underwriting knowledge and policy administration, with a track record of leading a small team and delivering timely claim payouts.

Qualifications

• Degree in actuarial science or related fields.
• Minimum of five years’ experience in insurance claims management or similar domain.

Responsibilities

• Manage and oversee all client insurance claims across multiple insurance products ensuring compliance with policies and timely resolution.
• Prepare assessment reports and perform comparative analyses to assist in the selection of suitable insurance companies.
• Coordinate effectively with insurance companies to monitor claims status and facilitate prompt payments.
• Process premium invoices accurately and ensure timely payments are made to insurance providers.
• Maintain comprehensive records of receivables from insurance companies and ensure proper documentation.
• Develop and present regular reports and in-depth analysis on insurance claims and related metrics to senior management, SBP, and board members.
• Collaborate with the finance department and other stakeholders to coordinate claim payments to clients, ensuring accuracy and completeness.
• Lead and manage a team of two personnel, providing guidance, mentorship, and performance evaluations to enhance operational efficiency.
• Implement improvements in claims management processes to enhance service delivery and client satisfaction.
• Carry out any additional duties assigned by the senior management to support organizational objectives.

Skills

Claims management

Underwriting knowledge

Policy administration

Team leadership

Education

Actuarial science degree

Job description

NRSP Microfinance Bank Limited is seeking an experienced Manager Insurance to lead the management of all client insurance claims across various products. This role requires overseeing the entire lifecycle of insurance claims, including coordination with insurance companies, processing premium invoices, and maintaining records of receivables. The ideal candidate will have a strong understanding of underwriting processes, claims management, and policy administration. As a key figure in the organization, the Manager Insurance will ensure accurate and timely processing of insurance-related activities while providing insightful reports and analyses to senior management and relevant stakeholders. This position includes managing a dedicated team of two professionals, fostering collaboration and driving team performance to achieve organizational goals.The Manager Insurance will act as the primary liaison between NRSP Microfinance Bank Limited and insurance providers, ensuring that claims and payments are handled efficiently and in compliance with organizational policies. This role demands a proactive approach in preparing assessment reports and comparisons to facilitate optimal selection of insurance companies. The manager will also coordinate closely with the finance department and other internal units to secure effective claim payouts to clients. Candidates must meet educational and experience requirements, preferably holding a degree in actuarial science or related fields, along with a minimum of five years experience in insurance claims management or similar domains.
Responsibilities

• Manage and oversee all client insurance claims across multiple insurance products ensuring compliance with policies and timely resolution.
• Prepare assessment reports and perform comparative analyses to assist in the selection of suitable insurance companies.
• Coordinate effectively with insurance companies to monitor claims status and facilitate prompt payments.
• Process premium invoices accurately and ensure timely payments are made to insurance providers.
• Maintain comprehensive records of receivables from insurance companies and ensure proper documentation.
• Develop and present regular reports and in-depth analysis on insurance claims and related metrics to senior management, SBP, and board members.
• Collaborate with the finance department and other stakeholders to coordinate claim payments to clients, ensuring accuracy and completeness.
• Lead and manage a team of two personnel, providing guidance, mentorship, and performance evaluations to enhance operational efficiency.
• Implement improvements in claims management processes to enhance service delivery and client satisfaction.
• Carry out any additional duties assigned by the senior management to support organizational objectives.

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