NCC - Head - Insurance - Corporate Office

Job Title : Head - Insurance

Location - Head Office, Hyderabad

Reporting To Senior Management

Qualifications:

- Graduate/Postgraduate in any discipline

- Preferred : MBA in Finance / Risk Management / Fellow of Insurance Institute of India (FIII) / Diploma in Insurance / IRDAI certification

Experience : Minimum 25-30 years in Corporate Insurance Management

Preferably in Construction, Infrastructure, or Manufacturing Industries.

Preferred Age 50 years or above

Role Overview:

Telugu Language is Mandatory.

- The Head - Insurance will be responsible for overseeing and managing all insurance-related activities across the Group. This includes strategizing and administering the corporate insurance portfolio - comprising project insurance, Mediclaim, vehicle insurance, workmen compensation, , and risk mitigation planning etc.

- The role demands a seasoned professional with deep knowledge of corporate insurance strategies, regulatory compliance, claims management, and cost optimization.

Key Responsibilities:

Corporate Insurance Portfolio Management:

- Design and implement insurance strategies covering projects, assets, personnel, and operations.

- Assess company-wide risk exposure and advise on adequate coverage.

- Liaise with brokers and insurers to negotiate group-wide insurance policies.

Health & Employee Benefits:

- Administer and manage group mediclaim, GPA, and GTLI policies.

- Coordinate with HR for smooth onboarding/offboarding of insured employees.

- Handle escalations and grievances related to medical claims and settlements.

Vehicle Insurance:

- Manage insurance for company-owned fleets including construction vehicles and passenger cars.

- Ensure timely renewal, endorsements, and claim settlements.

Claims Management:

- Oversee end-to-end claims processing for all types of insurance.

- Maintain proper documentation and track claim statuses.

- Interface with insurance providers and legal teams to ensure quick and fair claim closures.

Risk Assessment & Mitigation:

- Collaborate with internal teams to identify, assess, and mitigate operational and project-specific risks.

- Periodic review of insurance coverage against changing risk profiles.

Budgeting and Cost Optimization:

- Optimize insurance costs while maintaining adequate coverage.

- Prepare insurance budgets and forecasts for management review.

- Compliance and Documentation:

- Ensure adherence to statutory and regulatory guidelines under IRDAI and other applicable acts.

- Maintain proper records, MIS reports, and audit compliance documentation.

Desired Candidate Profile:

- Minimum 25 years of experience in corporate insurance functions.

- In-depth knowledge of various insurance products including engineering, marine, property, and employee benefit insurances.

- Proven experience in handling large-value claims and group insurance schemes.

- Strong negotiation and vendor management skills (brokers, TPAs, insurance companies).

- Excellent analytical, communication, and leadership abilities.

- Should be at least 50 years of age with stability and maturity to lead independently.