Senior Insurance Risk Manager for Hydro Project

2 days ago


Mumbai, Maharashtra, India Patel Engineering Ltd. Full time

About Us
Patel Engineering Ltd. is a renowned company specializing in hydro project and tunnel construction engineering services, headquartered in Mumbai. Our extensive experience spans over two decades.

Job Summary
We are seeking an experienced Senior Insurance Risk Manager to join our team at Patel Engineering Ltd. The ideal candidate will have a minimum of 20 years of experience in insurance management and possess strong analytical skills to oversee risk management strategies across various policies. This role involves collaborating with the management to create budgets, monitoring policy MIS, managing claims, and selecting the best insurance quotes for our projects.

Salary Information
The estimated annual salary for this position is around ₹12,00,000 - ₹18,00,000 depending on qualifications and location. A competitive package will be offered based on industry standards.

Key Responsibilities
- Underwriting and risk management of diverse policies including industrial all-risk, standard fire, erection all-risk, contractors' all-risk, marine cargo, professional indemnity, group mediclaim, personal accident, workmen compensation, motor, and cyber security policies.
- Monitoring policy MIS and providing accurate budget forecasts to ensure adequate reserves are maintained.
- Claim Management & Settlements: handling claims from various sites, coordinating with insurance surveyors and companies, and negotiating settlements.
- Renegotiating policies with insurance companies to secure optimal coverage at minimal deductions, facilitating surveys and risk inspections for large property risks.
- Appointing surveyors and processing reinsurance inward claims, participating in claims committee meetings, and empaneling and evaluating surveyors.

Requirements
This role requires a minimum of 20 years of experience in insurance management, excellent analytical skills, and strong negotiation capabilities. Knowledge of Indian laws, regulations, and industry standards is essential. We encourage candidates with strong interpersonal skills who can effectively collaborate with cross-functional teams.

Benefits
- Comprehensive health insurance
- Annual performance-based bonuses
- Enhanced leave policy
- Opportunities for career growth and development within the organization



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