Department: Finance
Qualification: Bachelor’s Degree in Finance / Business Administration / Insurance or related field
Experience: 5 – 7 Years
CTC: ₹8 LPA – ₹15 LPA (Based on experience and interview performance)                                                                                                                                                                  Age preference: 30 – 35 years

Job Overview

We are looking for an experienced Insurance professional to manage and oversee the organization’s insurance portfolio within a manufacturing environment. The role involves handling insurance policies, claims management, risk assessment, and ensuring compliance with regulatory requirements.

The ideal candidate should have strong expertise in insurance operations, claims handling, and risk management, along with the ability to coordinate with insurers, brokers, and internal stakeholders.

Key Responsibilities

Insurance Policy Management

• Manage and administer the organization’s insurance portfolio, including:
  • Property Insurance
  • Stock Insurance
  • Marine Insurance
  • Liability Insurance
  • Workers’ Compensation
• Review and evaluate policies to ensure adequate coverage and cost efficiency
• Identify emerging risks and recommend suitable coverage updates

Claims Management

• Handle end-to-end insurance claim processes
• Coordinate with insurers, surveyors, and internal teams for claim resolution
• Ensure timely reporting and documentation of incidents
• Monitor claim status and ensure smooth settlement

Liaison with Insurers & Brokers

• Maintain strong relationships with insurance brokers, agents, and underwriters
• Negotiate premium rates, coverage terms, and policy conditions
• Prepare and submit documentation to obtain competitive insurance quotes

Compliance & Regulatory Requirements

• Ensure compliance with insurance regulations and statutory requirements
• Stay updated on changes in insurance laws and industry practices
• Implement necessary updates to policies as per regulatory changes

Budgeting & Reporting

• Assist in preparing insurance budgets and forecasts
• Monitor premium costs and identify cost optimization opportunities
• Provide regular reports on claims, insurance costs, and risk exposure

Employee Insurance Programs

• Manage employee insurance benefits such as:
  • Health Insurance
  • Life Insurance
  • Disability Insurance
• Coordinate with HR to ensure employee awareness and support claims processing
• Guide employees on procedures for reporting incidents and claims

Key Skills & Competencies

• Strong knowledge of insurance products and claims processes
• Understanding of risk management in manufacturing environment
• Excellent negotiation and communication skills
• Analytical skills to evaluate insurance policies and reports
• Attention to detail and documentation accuracy
• Ability to coordinate with multiple stakeholders

Why Join Us?

• Opportunity to work in core insurance and risk management functions
• Exposure to corporate insurance portfolio and claims management
• Collaborative work environment with cross-functional teams
• Career growth opportunities in finance and insurance domain