Job Summary :

As the local representative of the corporate insurance function you will be overseeing all insurable risks for the lead country India (incl. assigned countries) and the management and controlling of the assigned insurance service providers You will be expected to ensure internal and regulatory compliance, place insurable risks in a transparent and cost effective manner in alignment with the group policy and with the support of the assigned insurance broker. You will assume full responsibility for insurance-related functions of the group in India within defined guidelines. Effectiveness and speed of the claims settlement process, the trust and transparency created within the company and with the insurance community as well as a high level of service attitude and consumer orientation will be dominant components of the assignment.

Dimensions of the Function -

Responsible for multiple companies and multiple units - various factories and locations in India. Average annual premium outflow is in excess of Rs.200 Cr. (excluding Employee Benefits). Creating trust and transparency with multiple stakeholders and ensuring adherence to regulatory guidelines. Setting up processes in line with business expectations and regulatory requirements and providing governance on the topic across all insurance lines (Life and Non-Life) to all stakeholders. The role included responsibility for Lead Countries India's assigned countries Bangladesh and Sri Lanka.

Job Description :

Governance - provide guidance to all business units on rules, regulations, optimal coverage and claims management process. Ensure that company always adheres to the insurance related regulations. Ensure timely payment of premium and recovery of claims.

Support internal stakeholders in identification of new risks and avoid over, under or multiple insurances. Placement of risk as per agreed process and in an optimum manner.

Claims Management - define and maintain processes that would ensure quick lodgement and settlement of claims. As process owner having full responsibility for the speed of claim management and corresponding results.

Management of Stakeholders - must adopt the best in class practices and standards to create transparency and trust across all stakeholders.

Supervise, control and monitor the activities and the involvement of the assigned, external Service Provider and continuously optimize the received service quality in collaboration with the HQ.

Candidate Profile :

Professional Experience - techno-commercial degree + professional qualifications in insurance. Minimum 10 years experience with a General Insurance Company/ Broking or as a Insurance risk manager with a large manufacturing/ construction company, preferably MNC. Cross functional experience would be desirable.

International exposure would be an added advantage. A person with demonstrated skills on process management would be preferred.

Should have demonstrated ability to manage interfaces from across businesses/ nationalities and functions. Should be persuasive and an effective negotiator.

Demonstrated experience to successfully cooperate with multicultural and multiple nationalities.

What's on Offer :

Leadership role

Industry Leading remuneration

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