Executive Insurance

3 days ago

Bengaluru Karnataka, India Innovsource Services Private Limited Full time

**About FirstMeridian**:
FirstMeridian is a HR platform formed by World-Renowned Investors with an objective of building a leading Human Resources and Services organization. Headquartered in Bangalore, we provide work to more than 85,000 people on daily basis who serve 300 customers across 1000+ Locations through our branch network. Our customers span across multiple industry segments like Telecom, IT, Consumer Durables & Electricals, BFSI, E-Commerce, Logistics, Manufacturing and Entertainment.

**About Innovsource Services Pvt. Ltd.**:
Established in 2004, Innov is one of the largest staffing providers in the country with presence in over 44 locations pan India. We have provided employment to more than 75,000+ associates and deployed in more than 1,000 locations across India. Our services extend to end-to-end HR needs of organizations in the key industries of BFSI, E-commerce, Consumer Durables, Logistics etc. With unmatched customer service and technological superiority, Innovsource prides itself in being the trusted partner for HR solutions

**Job purpose**:
**will manage complete Insurance Portfolio of First Meridian Group companies.**

**Roles and Responsibilities**:
**New Policy**:

- Provide the requirement to Procurement for new requirements of insurance policies, which includes Asset Policies, Liability policies.
- Fire Policies
- Assets Polices covering companies’ assets.
- General Liability Insurance
- Errors and omissions policies
- Cash in transit policies
- Group Accidental Insurance
- Group Medical Insurance
- Term Life Policies
- Workmen compensation Polies
- Any other policies that may require are not listed above.
- Understanding the company and client requirements with respect to coverage
- Arrive at the Monthly premium collection from associates to charge in the payroll for invoicing to clients.

**Renewals and Amendments**:

- Ensuring Timely renewal or amendment to all polices in coordination with procurement team,
- Providing necessary data in coordination with respective brokers.
- Providing Policy performance analysis for determining the premium
- Ensuring the enough CD balance kept with Insurer to ensure continuous coverage.
- Ensuring the Medical cards are distributed to all associates covered under the medical policies.

**Coordination**:

- Coordination with Payroll team for monthly data for Monthly Additions and deletions to respective policies.
- Coordination with business teams for data wherever required and the clarification.
- Coordination with TPA for New Joiners insurance cards.
- Coordinating with Brokers for held cover letters on monthly additions and deletions.
- Coordination with Brokers for reconciliation of CD balances on monthly basis.
- Coordinating with TPA/Broker for settlement of claims of employees.

**General**:

- Ensuring all policy documents are received and stored in the respective folders.
- Ensuring all Renewal documents are received and stored in the respective folders.
- Reconciliation of premium payment to respective policies with books of accounts
- Ensuring All documents received with respect to claims and submit the same to the Broker/TPA.

**Client Interface**:

- Participate in client call/visit along with business team whenever required.
- Updating management and other stake holders on changes in IRDA laws and rules

**Reports and MIS**:

- Ensuring all tracking mechanisms are properly followed to enable timely closure of queries and other actions required.
- Preparation of MIS as per the requirement of client and Management, etc.
- Provide documents to auditors and provide clarifications wherever required.

**Desire Skill**:
**Job Types**: Full-time, Permanent

**Salary**: ₹250,000.00 - ₹350,000.00 per year

**Benefits**:

- Health insurance
- Paid sick time
- Paid time off
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Performance bonus
- Yearly bonus

Work Location: In person

**Speak with the employer**

+91 9702181762

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