Insurance Lead

We are looking for a Insurance Lead for a publicly listed company with a national presence, based at Gurgaon.

Job Details :

Location : Gurgaon

Grade : Manager

Role : Corporate

Function Name : Finance

Reports to : Treasury Head

Work Timings : Standard , 5 days working

CTC : Industry Standards

Experience : 5+ years in insurance management, preferably in infrastructure/telecom.

Education : Graduate in Finance, Risk Management, Insurance, or related field.

Key Responsibilities

1. Insurance Strategy & Coverage

2. Design, review, and renew insurance policies (property, liability, workers' compensation, cyber, tower-specific risks).

3. Benchmark coverage against telecom infrastructure risks and negotiate with insurers and brokers.

4. Proactively manage risk exposure and identify coverage gaps.

5. Claims Management

6. Oversee claims process from incident to final settlement.

7. Coordinate with field teams, adjusters, insurers, and internal stakeholders for smooth, efficient resolution.

8. Compliance & Governance

9. Ensure alignment with IRDA and other regulatory frameworks.

10. Conduct regular audits of policy terms, renewals, and claims procedures.

11. Report status updates and risk exposures to senior management, AUDIT & RISK Committee, or ESG Committee as needed.

12. Cost & Vendor Management

13. Optimize insurance spend through renewal strategies and portfolio consolidation.

14. Evaluate broker performance and ensure Value-for-Money.

15. Track premiums, claims, and renewals using MIS and reporting systems.

16. Stakeholder Engagement

17. Partner with Operations, Legal, Finance, and Procurement teams (on both field and corporate levels).

18. Provide training on insurance protocols during prime risk events: tower damage, site acquisition issues, natural disasters, third-party liabilities.

19. Represent the insurance function in cross-functional forums.

20. Continuous Improvement

21. Monitor evolving insurance trends in telecom/infrastructure sectors.

22. Recommend policy enhancements or new insurances (e.g., cyber, business interruption).

Desired Skills

- Certifications: Associate / Fellow of Insurance Institute of India (ACII/FIII), or globally recognized credentials (CPCU, ARM).

- Analytical Skills: Ability to interpret loss trends and perform risk modelling.

- Stakeholder Management: Strong negotiation and relationship-building capabilities.

- Communicative Clarity: Able to clearly articulate risk and insurance strategy to senior leadership.