VP-Insurance Claims and Risk Management

2 months ago


hyderabad, India Michael Page Full time
Leadership Role Growth Opportunity

About Our Client

India's First Dispatchable Renewables Company

Job Description

Roles & Responsibilities:
* Develop and implement investment strategies for the insurance portfolio, aligned with risk tolerance and return objectives.
* Develop and implement a strategic asset & employee insurance program aligned with the company's overall goals and objectives.
* Manage the financial performance of the asset insurance division, including budgeting, forecasting, and financial reporting.
* Improve claims management process to ensure timely and fair resolution of claims while minimizing financial losses for the company.
* Stay abreast of industry trends, legislative changes, and best practices to ensure compliance and maximize program effectiveness.
* Identify, assess, and manage risks associated with insuring assets, including property, equipment, and other valuables. Develop risk mitigation strategies to protect the company's assets and financial interests.
* Conduct thorough research and analysis to select the most appropriate insurance carriers and vendors, negotiating competitive rates and terms.
* Oversee the underwriting process to ensure that insurance policies are priced appropriately based on risk factors and market conditions.
* Build and maintain strong relationships with insurance brokers, carriers, and other vendors.
* Ensure compliance with all relevant regulations and industry standards governing asset insurance

The Successful Applicant

Experience & Qualification:
* Minimum of 20 years of experience in employee benefits management, with at least 5 years in a leadership role.
* Excellent negotiation and communication skills.
* Ability to build and maintain strong relationships with internal and external stakeholders.
* Data-driven approach to decision-making with strong analytical skills.
* Leadership skills with the ability to motivate and mentor a team.
* Ability to work independently and as part of a team in a fast-paced environment.
* Vendor Management & Team Management skills.
* CA, ICWA, MBA (Finance) from a reputed institute preferable


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