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28/10 TP Singh
Managing Partner at TenHeads Consultants

Views:431 Applications:81 Rec. Actions:Recruiter Actions:71

SVP/VP - Insurance SME - Bank (12-16 yrs)

Mumbai Job Code: 860115

We are hiring for our client in private sector banking :

The position is part of the Strategic Procurement Unit and will support Pan Bank

- Review of Insurance coverage, Policy sourcing and claim management

- Role requires strong collaboration with the key stakeholders to understand their requirement, recommend insurance coverage, identify suitable broker and insurance companies, float the requirement / RFQ, conduct negotiations on the coverages and finalize the same at optimal premium.

- Researches the insurance market for understanding, comparing and exploring alternate and better solutions

- Develops relationships with key / critical external partners in accordance with the organizational policies to ensure desired benefits, innovation and risk management is met

- Claims guidance - provide timely and accurate guidance on the claim procedure

- Review the suitability of the claims for liability policies, verify information, provide guidance and ensure timely processing of the Claims amount by the Insured

- Collaborate with relevant stake holders to provide key and correct RBI update on requirements which is requested

- Define and streamline process for Broker empanelment, Policy sourcing and claim management

Key Skills: 


- Person should have a minimum of 12 years of relevant experience in Insurance product and/ or sourcing of Insurance policies for Banks.

- Knowledge and experience of entire portfolio Liability Insurance policies within Banking Industry is must

- Person should have strong understanding about the commercial terms and Insurance & Re-Insurer market

- Post Graduate, preferably with Management degree or relevant Professional certification

- Previous experience in Banking industry is desirable

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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