Manager Insurance

Job Description

Roles and ResponsibilitiesExperience:A minimum experience of 8-10 years in a similar role at a manufacturing, mining corporate houses and has experience in handling regulatory bodies.Prior experience in Corporate Insurance departmentJOB PURPOSEPrimary role: The Officer Insurance is responsible for providing an independent and objective assessment of the effectiveness and efficiency of the Company s risk assessment and working with the Insurance providers to control.In addition, the Officer will support the company to analyze all the areas of risk and protect the interest of the company.Reporting:Business Reporting: DirectorFunctional Reporting: -KEY ACCOUNTABILITIESAccountabilities Key Result AreaLiaisoning:Work as a liaison between the regularity insurance entities and the company.Review all relevant loss and regulation applicable to the company and ensure compliance.Ensure the business activities are conducted in conformity with all applicable laws, regulations, internal policies, and procedures.Ensure all regulatory permissions are updated and complied, whichever is required for the business needs.Achieve the statutory and compliance requirementsInternal Regulations:Ensure the staff abides by the company policy and procedure and regulatory laws.Monitor, manage an establish procedures to be followed during internal and external insurance conflicts.Monitor the latest regulations for any change and incorporate those changes with the company s policy and procedures.Ensure internal regulation are communicated and followedCommunication:Coordinate and conduct enquiries and investigation which is deemed to be necessary related to insurance claims.Check the reliability of the process by taking samples on a regular basis to ensure accuracy (in terms of holding and cash).Ensure the integrity and reliability of financials provided to the insurance regulators.Maintain an open communication with the management.All communication with the internal and external parties should be effective and time boundRisk Management:Evaluate business activities to assess potent risk.Contribute to the regular awareness campaign as per the group policy.Perform compliance oversight, establishing and maintaining reports to relevant actions.Risk assessment with the line of Business OperationsReporting:Managing overall operations in an insurance setting.Creating and implementing policies that allow the insurance process to function as a cohesive unit.Reviewing company performance to identify areas where individual employees and entire departments can improve their efficiency.Managing all corporate / commercia insurance process.Connecting specifically with insurance companies to ensure we have the best services.Identifying and minimizing threats as part of ongoing risk management responsibilities.Managing collected data and creating user-friendly reports that can help executives identify company progress, regression, and any fluctuations in outputContinually reviewing insurance policiesManaging any claims investigations.Controlling company insurance finances to maintain correct budget allocation to all departmentsEnsure quality and timely reportsKEY INTERACTIONSExternal Statutory bodies as per the requirement of the business: Internal EmployeesGovernment regularities: Corporate Advisory BoardInsurance Company: Finance Department TeamRegulatory bodies: Logistics TeamSKILLS AND KNOWLEDGE:Good communication skillsPrevious experience of handling compliance and setting up Insurance departmentIdentifying and solving problemsAmbitious and ready to take the challengeAnalytical cum solution orientedAbility to work easily in a matrix and complex ecosystem environment.,

Keyskills :
riskrisk managementcorporate liaisoncontinuous improvement facilitation