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Insurance & Risk Management - Pharma Industry

2 weeks ago


Hyderabad, Telangana, India Biological E Full time ₹ 15,00,000 - ₹ 28,00,000 per year

Role: Insurance & Risk Management

Job Location: Azamabad, Near RTC Cross Road, Hyderabad

Purpose:

To manage end-to-end insurance needs covering BEs manufacturing plants, warehouses, exports, and global operations ensuring protection of physical assets and coverage for liability exposures.

Key Responsibilities

  1. Asset-Related Policies

  2. Industrial All-Risk (IAR) plants, warehouses, stocks.

  3. Marine Cargo – import/export shipments, cold chain.
  4. CAR/EAR – construction & equipment installation projects.
  5. Boiler/Equipment Breakdown & Burglary coverage.
  6. Other miscellaneous policies

  7. Liability Policies

  8. Product & Clinical Trials Liability – global vaccine risk.

  9. CGL – third-party injury/property claims.
  10. D&O – board and senior management protection.
  11. Cyber & Environmental Liability coverage.
  12. Surety Bonds for tenders and exports.
  13. Other miscellaneous policies

  14. Claims Management

  15. Handle fire, marine, and liability claims end-to-end.

  16. Coordinate with brokers, insurers, and internal teams.

  17. Coordination

  18. Internal: Finance, SCM, QA/QC, Projects, R&D, Regulatory.

  19. External: Brokers (Marsh, Prudent), Insurers (SBI, Tata AIG, etc.).

Skills Required

  • Strong knowledge of insurance products and clauses.
  • Pharma & vaccine supply chain risk understanding.
  • Financial skills for premium benchmarking and claims provisioning.
  • Regulatory compliance (IRDAI, RBI, FEMA).
  • Negotiation and documentation expertise.