Job Position - Senior Executive/Assistant Manager Designation - Subject Matter Expert - Insurance Industry - BFSI/Insurance/Broking Functional Area - General Insurance, Operations Management, Payments and Procurement, Insurance Management Employment Type - Full Time Location: Bangalore Desired Candidate Profile : 1. Bachelor's degree in any discipline, preferably in business management/commerce. MBA preferred. 2. 3-5 years of experience in handling vehicle insurance. 3. Candidates who have cleared Licentiate/Associateship from Insurance Institute of India are preferred. 4. Strong prioritization and time management skills, with a high degree of flexibility. 5. Excellent communication skills with demonstrated sense of urgency and adaptability. 6. Communicate effectively with internal and external stakeholders. JOB DESCRIPTION : Insurers Relationship and Negotiation : - Establish effective working relationship with insurers/brokers and incorporate best terms, coverages, commercials, service levels and technological capabilities. - Negotiate exclusive covers and clauses for our motor fleet with the insurers in order to give our business a unique selling point from a coverage perspective for complete 360 degree coverage. Insurance - New Purchases and TAT Optimization: - Be a SPOC for new policy issuance by working on insurance requirements raised by city teams/dealerships and arrange to issue policies from broker/insurer with agreed TAT. - Work on improving TAT of Insurance Proforma Invoices to help the procurement function to reduce the TAT of fund disbursements. - Interact with city teams and dealerships directly for day in, day out requirements of insurance, amendments in policy copies, attending queries, providing soft copy of policies and so on and so forth. - Verify calculations of motor insurance premium quotes as well as new policy issuances as per the agreed commercials. Insurance Renewal : - Handle renewal of expired invoices and internal process of raising Purchase Requisitions and payments in Oracle. - Achieve optimal level of performance and accomplishment by seamlessly handling renewal of insurance policies on a monthly basis without any slips and within agreed TAT. - Coordinate with city teams and ensure renewed policies are provided to respective city teams before risk expiry dates. - Ensure quotations are sought from insurer on-time and follow-up for release of payments to insurer's float. Claims Management: - Support Repairs and Maintenance Team in handling major claim escalations and coordinate for total loss cases with banking team. - Periodically, work on thorough analysis on claims data and prepare reports on comparative claims position month on month including claims intimation vs claims closed, movement of OD earned premium vs OD incurred claims and claims registration trend and overall loss ratios. - Work on comparative ageing analysis of open claims to improve on intimation to closure TAT. - Monitor claim ratios and ensure adherence of insurer/broker to agreed SLAs Payments Management : &nbsp; - Handle reconciliation of balance payment to insurance agencies. - Maintain overall insurance related data and analytics. - Coordinate and follow-up with finance team to ensure on-time new policy and renewal payments. Other Projects : - Handle any additional responsibilities/projects as and when delegated related to Procurement and Payments function.

Bangalore

OlaCabs - Senior Executive/Assistant Manager - Subject Matter Expert - Insurance 

OlaCabs - Senior Executive/Assistant Manager - Subject Matter Expert - Insurance  ,Job Description for OlaCabs - Senior Executive/Assistant Manager - Subject Matter Expert - Insurance  in Ola Cabs in  Bangalore for (3-5) years of experience. Apply Now!

Job Description for OlaCabs - Senior Executive/Assistant Manager - Subject Matter Expert - Insurance  in Ola Cabs in  Bangalore for (3-5) years of experience. Apply Now!