Section I: Basic Information on the Role

- Position Name: Deputy Manager - Insurance

- Function: Insurance

- Line of Business: Corporate

- Grade: D 2

- Reporting to: CFO

- Roles Reporting into: Executive - Insurance

- No. of employees: 1

- Role Description: Responsible for assisting the Manager - Insurance in planning/coordinating all insurance and risk management activities and settling claims of staff and organization

Section II: Job Summary

Responsible for planning, directing and coordinating all insurance and risk management activities and processing claims of both organization and employees.

Section III: Do - Key Activities and Responsibilities of the Role

Strategic

- Develops and implements systems to ensure that the company is compliant with all applicable terms and conditions as well as statutory requirements with regards to insurance

Financial

- Investigates inconsistencies with broker/ insurance company and takes appropriate action

- Ensures cost of insurance is accurately charged in projects as per the quotation/agreement

- Strives to optimize the cost of insurance through detailed analysis and use of knowledge and experience

- Plans manages insurance costs as per the planned budgets

Customer

- Identifies, establishes and maintains networks with vendors (broker/ insurance company) in order to get the best deals for all projects and organizational insurance

- Communicates, in conjunction with the Director, regularly and effectively with estimators, project managers, supervisors and other stakeholders necessary to manage the insurance program





- Manages interactions with the legal department for contract reviews, litigations and any claims assistance that they require

- Maintains on-going contact with project coordinators/officers to understand requirements, discuss any new insurance procedures, answer ongoing issues relating to project insurance, and provide assistance whenever necessary

- Assists investigators and surveyors in claim documentation

Internal Process / Internal Process / Operations

- Analyzes quotations from various insurance companies to ensure coverage of all terms and conditions and optimum premium charges

- Analyzes statistical data (such as mortality, accident, sickness, disability, and retirement rates) and constructs probability tables to forecast risk and liability for payment of future advantages

- Ascertains premium rates required and cash reserves necessary to ensure payment of future benefits

- Ensures processing of applications for, changes to, reinstatement of, and cancellation of insurance policies and claims forms

- Investigates, analyzes and determines the extent of the insurance company's liability concerning personal, casualty, or property loss or damages, and strives to effect settlement with claimants

- Reviews settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures and reports discrepancies

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 DEPUTY MANAGER (Kolkata)
🏢 SPML Infra
📍 Kolkata