The opportunity is with a leading paint manufacturing company for Corporate Insurance Manager.

Role & responsibilities

- This role will play a crucial role in managing the organization's insurance policies, ensuring compliance with regulations, and optimizing insurance coverage to protect our assets and mitigate financial risks.
- This role demands a keen understanding of insurance principles, robust analytical skills, and the ability to collaborate effectively with other departments.
- This role is about making sure the companys assets and operations are properly insured and protected.
- The job involves working with different teams, handling multiple insurance policies, and managing numerous claims.

Job Context & Major Challenges

- This role is about making sure the companys assets and operations are properly insured and protected.
- The job involves working with different teams, handling multiple insurance policies, and managing numerous claims.

Key Challenges:

- The role requires regular coordination with other departments like sales, supply chain, and procurement to get the right information and handle claims smoothly.
- Ensuring all insurance documents are complete and policies are renewed on time needs careful attention and planning.
- Maintaining good communication with insurance brokers and companies to get the best coverages at competitive rates and resolve claims quickly.
- Keeping up with changing laws and insurance rules is important to avoid any legal or financial issues.

Key Result Areas:

Insurance Policy Management

- Evaluate and manage existing insurance policies, including but not limited to property, liability and other relevant coverages.
- Research, analyze,



and recommend suitable insurance options to address the company's evolving needs.

Policy Compliance

- Ensure that insurance policies are accurately updated and renewed in a timely manner.
- Maintain a database of insurance-related documents and records.

Claims Management

- Work closely with relevant departments to provide necessary documentation and information for claims processing.
- Monitor claims to ensure timely resolution and proper reimbursement.

Risk Assessment

- Conduct periodic risk assessments and suggest improvements in the insurance strategy.
- Collaborate with cross-functional teams to ensure that insurance coverage aligns with the company's objectives.

Preferred candidate profile

- 6-11 years of relevant Corporate Insurance experience, preferably from large corporates / large business groups with significant scale and diversified operation.
- Should have hands-on experience across the end-to-end Corporate Insurance lifecycle, including Underwriting, Insurance Operations, Policy Issuance, Policy Endorsements, Renewals and Claims Management.
- Experience in managing insurance requirements for large corporate assets, manufacturing operations, plants, warehouses, inventory and other business risks will be preferred.
- Should have strong exposure to Property, Liability and other Commercial/Corporate Insurance covers, along with insurance policy compliance and risk assessment.
- Experience in coordinating with insurance brokers, insurers and internal cross-functional teams for policy placement, renewals, endorsements and claims settlement.
- Robust analytical, negotiation, stakeholder management and communication skills.

📌 Corporate Insurance Manager (Mumbai)
🏢 Forward
📍 Mumbai