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

Job Overview

We are looking for an experienced and detail-oriented Insurance professional to manage corporate insurance operations within a manufacturing environment. The role involves handling insurance policies, claims management, risk assessment, employee insurance programs, and coordination with insurers and brokers.

The ideal candidate should have strong expertise in insurance management, claims processing, and risk mitigation, along with the ability to manage insurance portfolios efficiently while ensuring regulatory compliance.

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 insurance policies for adequate coverage and cost efficiency
• Identify emerging business risks and recommend suitable coverage updates

Claims Management

• Handle end-to-end insurance claim processes
• Coordinate with insurers, adjusters, and legal teams for smooth claim settlement
• Ensure incidents are reported and documented accurately and on time
• Monitor claim status and maintain proper records

Liaison with Insurers & Brokers

• Maintain strong relationships with:
  • Insurance brokers
  • Agents
  • Underwriters
• Negotiate policy terms, premiums, and conditions for optimal coverage
• Prepare reports and documentation to obtain competitive insurance quotes

Compliance & Risk Management

• Ensure compliance with insurance regulations and statutory requirements
• Stay updated with changes in industry-specific insurance regulations
• Support risk management initiatives within manufacturing operations

Budgeting & Reporting

• Assist in preparation of annual insurance budgets and forecasts
• Monitor insurance premiums and identify cost optimization opportunities
• Prepare reports on:
  • Insurance costs
  • Claims history
  • Risk management activities

Employee Insurance Programs

• Manage employee insurance benefits such as:
  • Health Insurance
  • Life Insurance
  • Disability Insurance
• Coordinate with HR for employee communication and support
• Guide employees regarding claims procedures and reporting processes

Key Skills & Competencies

• Strong knowledge of:
  • Insurance products
  • Claims processes
  • Risk management
• Excellent communication and negotiation skills
• Ability to analyze insurance documents and reports
• Good coordination and stakeholder management skills
• Proficiency in MS Office (Excel, Word, PowerPoint)

Eligibility Criteria

• Bachelor’s degree in Business Administration / Finance / Insurance or related field
• 5 – 7 years of experience in insurance management
• Experience in manufacturing, pharma, FMCG, chemical, or industrial sectors preferred
• Agency-side insurance experience may also be considered

Why Join Us?

• Opportunity to work in corporate insurance and risk management
• Exposure to large-scale manufacturing and industrial insurance operations
• Collaborative and professional work environment
• Career growth opportunities in finance and insurance domain