Area Manager Corporate Insurance

2 days ago

Mumbai, Maharashtra, India Tata Steel Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Role Overview: As an Insurance Portfolio Manager, your primary responsibility will be to oversee all types of insurance policies within the company. Your key tasks will involve ensuring adequate risk coverage at optimal costs, efficient claims management, and timely renewal of insurance policies. It will be crucial for you to procure various insurance policies with sufficient coverage at the best possible cost, meeting internal customer expectations for deliverables in terms of time, cost, and service quality aligned with business objectives. Key Responsibilities: - Manage insurance claims, particularly PDBI claims, with a high level of proficiency. - Demonstrate a strong technical knowledge of insurance products, coverage features, and claims processes. - Coordinate with cross-functional teams internally and externally, including the Company, Subsidiaries, insurers, and surveyors. - Implement best practices in accordance with the company's guidelines and ensure compliance with various processes through internal and external audits. - Obtain and compile relevant information from different departments on insurance requirements and understand various risks. - Suggest appropriate clauses or wordings in insurance policies to mitigate risks and secure desired insurance coverage. - Monitor and review the performance of insurers and TPAs to ensure prompt settlement of insurance claims within specified time frames. - Address queries and concerns related to insurance matters and conduct knowledge-sharing sessions with colleagues from other departments on important insurance policies and the claims process. Qualifications Required: - Hold a degree as a Graduate with Associate or Fellow from the Insurance Institute of India, or an MBA/PGDBA with insurance specialization, or a BE with additional qualifications specialized in insurance. (Note: Any additional details about the company were not provided in the job description.),

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