Position: Sr. Executive /Asst. Manager - Insurance

Location: Malad - Mumbai

Experience: 4 – 5 Years

Industries: Chemical MNC

Responsibilities:

- Insurance Portfolio Management
- Manage and administer the organization's overall insurance portfolio, ensuring adequate coverage and risk protection.
- Possess robust knowledge of various insurance policies including:
- Marine Transit Insurance
- Stock Throughput Policies
- Industrial All Risk (IAR) Policies
- Property Insurance Policies
- Business Interruption Insurance
- Motor Insurance Management
- Oversee motor insurance for the company's entire vehicle fleet.
- Ensure timely renewals, endorsements, claim settlements, and policy compliance.
- Employee Benefits Insurance
- Manage employee-related insurance programs including:
- Group Personal Accident (GPA)
- Workmen Compensation (WC)
- Group Medical and other employee welfare insurance policies
- Coordinate with HR and insurance service providers for policy administration and claims support.
- Liability Insurance Management
- Handle and administer various liability insurance policies, including:
- Commercial General Liability (CGL)
- Pollution Legal Liability (PLL)
- Professional Indemnity (PI)
- Directors' and Officers' Liability (D&O;)
- Fidelity Guarantee and Crime Insurance Policies
- Risk Assessment & Coverage Adequacy
- Monitor monthly inventory levels, asset values, and operational risks to always ensure adequate insurance coverage.
- Identify potential coverage gaps and recommend appropriate risk mitigation measures.
- Policy Renewal & Cost Optimization
- Ensure timely renewal of all insurance policies without any lapse in coverage.
- Coordinate with insurance brokers and insurers for competitive quotations and negotiate renewal terms, conditions, and premiums.
- insurance cost optimization initiatives while maintaining adequate risk protection.
- Claims Management
- Manage end-to-end insurance claims processes across all lines of insurance.
- Coordinate with internal stakeholders, surveyors, brokers,



and insurers to ensure timely claim settlement.
- Prepare and maintain claim MIS, loss reports, claim recovery status, and management dashboards.
- Surety Bond: coordinating with brokers for arranging Surety bond limit
- Stakeholder & Broker Management
- Build and maintain effective relationships with insurance brokers, insurers, surveyors, and internal stakeholders.
- Conduct periodic reviews and monthly meetings with insurance brokers to assess portfolio performance, claim status, market developments, and renewal strategies.
- Compliance & Reporting
- Ensure compliance with statutory, regulatory, and company insurance requirements.
- Maintain accurate insurance records, policy documentation, endorsements, and audit-ready files.
- Prepare periodic MIS reports and presentations for management review.

Required Skills:

- Insurance Portfolio Management
- Marine Transit and Stock Throughput Insurance
- Industrial All Risk (IAR) and Property Insurance
- Business Interruption Insurance
- Motor Fleet Insurance Management
- Group Personal Accident (GPA) and Workmen Compensation (WC)
- Group Medical and Employee Benefits Insurance
- Commercial General Liability (CGL) and Pollution Legal Liability (PLL)
- Professional Indemnity (PI) and Directors' and Officers' Liability (D&O;)
- Fidelity Guarantee and Crime Insurance
- Insurance Risk Assessment and Coverage Adequacy
- Insurance Policy Renewal and Premium Negotiation
- Insurance Claims Management and Settlement
- Surety Bond Limit Coordination
- Insurance Cost Optimization and Risk Mitigation
- Insurance Broker and Stakeholder Management
- MIS Reporting, Loss Analysis, and Management Dashboards
- Insurance Documentation, Compliance, and Audit Management
- MS Excel, Word, and PowerPoint
- Strong Analytical, Negotiation, Communication, and Coordination Skills

Required Qualification: - Any Graduation

Salary :- Upto 12.00 LPA

If you are interested for this opening please send updated resume on same mail with following details.

Total No. of Years Experience :-

Current CTC :-

Expected CTC :-

Notice Period :-

📌 Sr. Executive /Asst. Manager - Insurance (Mumbai)
🏢 Quality HR India
📍 Mumbai