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24/01 Alok Kumar
Consultant at Michael Page International

Views:8121 Applications:166 Rec. Actions:Recruiter Actions:30

Insurance Director - Strategy - Extended Warranty Player (10-15 yrs)

Mumbai Job Code: 657297

Job Title : Insurance Director

Job Level : Director

Division : Insurance

Primary report to : CEO/Board Of Directors - Administrative

Secondary report to : Regional Insurance Director - Functional

Objective - 

The Insurance Director is responsible for setting and delivery of strategy, implementation and overall insurance performances of the business.

Required Skills and Qualifications - 

- Possess a tertiary or professional qualification in Business/Accountancy / Finance / Law with Insurance (Chartered Insurer/Insurance broker, FCII, ACII).

- A minimum of 10-15 years- underwriting or broking experience with General Insurance.

- Demonstrable track record of profitable transactions and generating business growth;

- Demonstrable experience in writing and executing underwriting business plans;

- Experience in structuring and purchasing reinsurance protections will be highly desirable;

- Strong analytic skills and numerical aptitude will be essential;

- Broad operational skills and experience in an underwriting or broking environment, including budgetary management, financial management, claims, resource allocation;

- Excellent verbal and written communication skills, together with the ability to work well in a small team environment;

- Experience in Managing/Investigating possible cases of insurance fraud, assemble evidence, and recommend action steps.

- Experience from mobile and consumer electronics service sector will be added advantages.

- Strong analytical skills, attention to detail and creative problem solver.

- Ability to appropriately prioritize and drive initiatives while operating in a highly matrixed environment.

- Computer literacy in word, excel and power point.

Key Responsibilities :

- To assess and identify the potential risks that may hinder the reputation, safety, security and financial prosperity of the organization. Once these risks have been identified, assessed and evaluated, risk managers are then tasked with implementing processes and procedures to ensure that company is fully prepared to deal with any potential threats.

- To focus on conducting detailed risk assessments. This process involves analyzing documents, statistics, reports and market trends. You'll also be required to assess the organization's previous risk management policies and protocols.

- Analyze, evaluate and make underwriting decisions in line with underwriting guidelines and policy change recommendations to the business;

- In conjunction with the CEO, define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets;

- Review and analyses new insurance applications for risk exposure and compliance with underwriting guidelines;

- Meet and negotiate with clients and brokers to build relationships and to develop new and renewal business;

- Participate in industry forums for policy initiatives and future guidelines that enable a growth ecosystem;

- Review contract wordings and act as signatory of insurance contracts;

- Review evaluate and report on loss activity;

- Contribute to strategic planning and to overall management of the company;

- Assist the CEO in establishing operational structures;

- Establish appropriate internal underwriting procedures and criteria to control risk;

- Oversee the development of the company's underwriting systems.

- To manage the ability to detect and act upon fraudulent activity to minimize its impact on key panel metrics. Using both in-house and third-party data, you will ensure that we are able to identify fraudulent activity on our applications as effectively as possible. You will review and report on these processes, tracking the impact of any changes and ensuring visibility to the business of fraud.

- Analyze complex data sets to interpret trends and make recommendations for process improvements to minimize the impact of fraud on traffic and partners, whilst also demonstrating commercial understanding. You will facilitate technical change and where necessary, test changes to our fraud processes.

- Working alongside our team of Senior Managers, you will be the point of contact with key panel partners to understand their approach to fraud, co-operating with their fraud teams to implement steps to reduce its impact. You will own joint fraud action plans with partners, sharing intelligence on characteristics of fraud activity.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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