Job Title : Assistant General Manager / Deputy General Manager - Insurance  Reports to : VP - Group Procurement & Supply Chain Management  Division/Dept: Group Procurement & Supply Chain Management  JOB PURPOSE :   - To efficiently Source various category of insurance at Group level; achieve adequate risk cover at optimum cost; ensure timely placement of policies to protect interests of the Group companies; manage Insurance Claims ; enhance meaningful partner relations with Underwriters & Insurance Brokers, Surveyors, Risk Assessors ; plan and direct implementation of policies & processes aligned to Group Values which support key business objectives and deliverables; deliver with speed of execution to match the organization pace; to ensure that the internal customer expectations for deliverables in terms of time, cost and quality are met, in line with Business Objectives.  - To continuously scout for synergies across Group and convert into implementable programs.  Principle Accountabilities :   Expected end results that must be achieved in order to fulfill your job purpose and the activities that help in achieving these results.   1. Sourcing various category of insurance at Group level  - Responsible for Sourcing all categories of insurance at Group level.  - Finalize the placement of policies at the optimum premium   - Ensure appropriate wordings in Insurance Policies which will ensure that the Insurance Claims are not prejudiced  - Develop suitable Insurance Program for the Group  - Detailed understanding of relevant contractual and legal matters to protect company's interest  - Manage and constantly evaluate Underwriters & Brokers   2. Insurance Spend Management :   - Continuously review existing Policies & Program and coordinate with respective BUs /Finance/ Operation to identify opportunities and work out the cost reduction possibilities through key drivers like consolidation, sourcing efficiencies, risk control etc.  - To analyse the insurance spend pattern and identify key cost drivers for the spend and benchmark the same.  - Review and provide updates on the cost reduction programs.  3. Monitoring and tracking Insurance Policies :   Maintain appropriate tracking system and regularly update the same  4. Partner Relationship Management :   - Align Underwriters, Insurance Brokers, Advisors, Surveyors with Group systems & processes  - Set up periodic meetings & visits at appropriate levels.  - Jointly work with Partners for Insurance Program, Risk Assessment, Claims Management  5. Audit Compliance of processes :   - Ensure compliance of various processes and demonstrate through the conduct of internal as well as statutory audits.  - Understand various risks and put systems. to mitigate the same  MAJOR CHALLENGES :   - Describe the major challenges faced in carrying out this job, and what would be done in order to overcome them.  - Speed of execution without compromising on process adherence - to have simplified processes with adequate controls and automation.  - Geographical spread - to have Insurance Program & Strategy to cover all group companies  - Risk Control - ensure adequacy of risk coverage for various risk categories across group   - Spend Control - to find opportunities to reduce premium while ensuring risk coverage  - Alignment with BU teams - to ensure the Centralized Sourcing of Insurance & Decentralized Operations are in sync.  - Excellent Coordination - to closely interact with BU teams to ensure the deliverables of Group initiatives are met.  KEY DECISIONS :   Describes 1 or 2 typical decisions to be made, in the course of the job :   - Finalize & recommend placement of Insurance Policy with the optimum Underwriter.  - Recommend appointment of Insurance Broker/ Advisor based on their value proposition to the group.  - Anticipate & recommend de-risking strategies for specific projects.  DIMENSIONS :   Data which will reflect the scope and scale of activities concerning your job.  1. Spend : Group Annual Premium : Rs. 35 Cr   2. Geographical span : Indian & Global markets; 5 major Group companies  SKILLS AND KNOWLEDGE :   State the minimum acceptable proficiency for this job. Do not state incumbent-specific information  EDUCATIONAL QUALIFICATIONS :  Graduate with MBA in Insurance from reputed Institute. Additional qualification in Law desirable.   RELEVANT EXPERIENCE :   Around 15 years in any professional organization in the area of Insurance Sourcing, Risk Assessment & Claims Management  FUNCTIONAL COMPETENCIES :   Commercial and Business Acumen; Negotiation Skills; Process oriented approach; Building & nurturing partner relations with various underwriters, brokers, surveyors.  BEHAVIORAL COMPETENCIES :   - Highest level of personal integrity, Result from orientation, Valuing people, Aligning strategies & systems, Facilitating change and innovation; Excellent coordination skills.

Mumbai

Kalpataru - Assistant General Manager/Deputy General Manager - Insurance 

Kalpataru - Assistant General Manager/Deputy General Manager - Insurance  ,Job Description for Kalpataru - Assistant General Manager/Deputy General Manager - Insurance  in Kalpataru in  Mumbai for (15-20) years of experience. Apply Now!

Job Description for Kalpataru - Assistant General Manager/Deputy General Manager - Insurance  in Kalpataru in  Mumbai for (15-20) years of experience. Apply Now!