Akasa Air - General Manager - Insurance

Position Title General Manager - Insurance

Position Summary:

- Strives to implement global best practices in the fields of aviation and non-aviation insurance.

- Sets processes of the department and is responsible for implementation of the departmental processes. Ensures compliance with company policies and applicable regulations and legislation.

Key responsibilities:

- Understanding and analyzing risk profile related to insurance and keeping the profiling current

- Highlighting uninsured risks to Management and making recommendations

- Designing of insurance program in line with risk assessment, contractual requirements and corporate policies

Liaise and follow-up with:

- Brokers

- Underwriters

- Surveyors

- Claims managers of insurers respective departments for claims documentation and premium payments

- Lessors wherever required

- Insurance life cycle management

- Negotiation with underwriters, brokers, TPA and various insurance vendors and intermediaries

- Presentation of Risk to Insurers

- Meeting with insurers, brokers and other intermediaries

- Benchmarking of premium vis-a-vis competition

- Review, comparison and recommendations

- Review of insurance contracts

- Data Base Management of Premium and claims

- Insurance Premium Calendar Management

Desired Qualification / certifications

- Graduate and above, Understanding of Aviation Insurance

- Masters / Diploma / Certification in Insurance (good to have)

Preferred relevant work experience

- 10+ years of work experience, aviation experience is preferred

- Sound exposure to concepts of insurance life cycle and exposure to insurance relative to lease of aircraft

- Well versed with commercial negotiations and contract finalization

- Familiarity of aviation insurance requirements

- Having lead a team of 2-3 professionals

- Good team player