Company: Miracle Group of Companies
Department: Finance / Administration
Designation: Insurance Executive
Reporting To: Management / CFO
Location: As per Company Requirement
Experience: 2–6 Years
Industry: Manufacturing / Printing & Packaging

Job Purpose

To manage the company's insurance portfolio, including policy renewals, documentation, premium coordination, claims, asset coverage and communication with insurance companies, brokers, surveyors and internal departments.

Key Responsibilities

1. Insurance Policy Management

- Manage all insurance policies of the Group and its plants/offices.
- Maintain a complete database of policies, coverage, premiums, expiry dates and insured assets.
- Ensure timely renewal of all insurance policies without any lapse in coverage.
- Coordinate with insurance brokers and insurance companies for quotations and renewals.
- Review policy terms, coverage, exclusions, deductibles and limits.

2. Plant & Asset Insurance

- Coordinate insurance coverage for plant & machinery, buildings, electrical equipment and other fixed assets.
- Maintain updated asset information for insurance purposes.
- Coordinate addition/deletion of assets from insurance policies.
- Ensure adequate insurance coverage based on business requirements.

3. Stock & Inventory Insurance

- Coordinate insurance coverage for raw materials, work-in-progress and finished goods.
- Collect stock information from respective plants and departments.
- Coordinate with insurers/brokers for declaration-based or stock-related policies, wherever applicable.
- Maintain supporting records and declarations.

4. Claim Management

- Handle insurance claims from intimation to settlement.
- Coordinate with plant teams, insurance companies, brokers and surveyors.
- Ensure timely submission of claim forms and supporting documents.
- Track claim status and follow up regularly until closure.




- Maintain a complete claim register with claim amount, status and settlement details.
- Coordinate site visits and surveys after incidents.

5. Vehicle Insurance

- Manage insurance policies for company-owned vehicles.
- Track policy expiry dates and arrange timely renewals.
- Coordinate accident claims, repairs, surveyor visits and settlements.
- Maintain vehicle insurance and claim records.

6. Employee Insurance Coordination

- Coordinate employee-related insurance policies such as Group Mediclaim, Personal Accident or other applicable covers.
- Maintain employee insurance records and policy details.
- Coordinate with HR and insurers/brokers for additions, deletions and claims.
- Assist employees in resolving insurance-related queries.

7. Documentation & Records

- Maintain soft and hard copies of all insurance policies, endorsements, claim documents and correspondence.
- Maintain insurance renewal and claim trackers.
- Ensure all insurance-related documents are properly filed and readily available.
- Prepare periodic insurance MIS for management.

8. Renewal & Premium Coordination

- Prepare a renewal calendar for all policies.
- Obtain and compare quotations from insurance companies/brokers.
- Coordinate premium payments with Finance/Accounts.
- Ensure policies and endorsements are received after payment.
- Verify policy details against approved terms before final filing.

9. Risk & Coverage Review

- Coordinate with management, plant and finance teams to identify insurance requirements.
- Highlight gaps in coverage,



policy exclusions and major risks to management.
- Assist in evaluating suitable insurance coverage for new assets, locations and business activities.
- Coordinate risk surveys and recommendations from insurers/surveyors.

Key Performance Indicators (KPIs)

- Zero insurance policy lapses
- Timely renewal of all policies
- Timely claim intimation and documentation
- Claim settlement follow-up and closure
- Accuracy of insurance records
- Timely addition/deletion of assets and employees
- Proper monitoring of premiums and policy costs
- Timely submission of insurance MIS

Required Skills

- Positive knowledge of general insurance processes
- Insurance policy and claim management
- Strong documentation and record-keeping skills
- Good knowledge of MS Excel and MIS
- Strong follow-up and coordination skills
- Negotiation and communication skills
- Attention to detail
- Ability to coordinate with brokers, insurers and surveyors
- Basic understanding of manufacturing plant risks and assets

Qualification

Graduate in any discipline.
Degree/Diploma in Insurance, Finance, Commerce or a related field will be an advantage.

Experience

2–6 years of experience in insurance operations, preferably in a manufacturing/industrial company, insurance broker, insurance company or corporate insurance department.

Preferred Candidate Profile

- Should have hands-on experience in policy renewal, claim handling and insurance documentation.
- Experience handling plant & machinery, stock, fire, marine, vehicle and employee insurance will be preferred.
- Should be comfortable coordinating with multiple plants, brokers, insurers, surveyors and internal departments.
- Strong ownership of renewal deadlines and claim follow-ups.

Pay: ₹20,000.00 - ₹30,000.00 per month

Benefits:

- Cell phone reimbursement
- Paid time off
- Provident Fund

Work Location: In person

📌 Insurance Executive (Jaipur)
🏢 Miracle Group of Companies
📍 Jaipur