Deputy Manager

Job Role : Insurance Operations

Department : Insurance

Role & responsibilities

• Assess, identify, and quantify the various risks associated with ReNew‘s business (and its subsidiaries) on a continuous basis.
• Design a comprehensive insurance program to ensure that all risks are covered appropriately.
• Interact with Insurance Broker for the design and placement of the insurance program.
• Co-ordinate with various internal departments to obtain the necessary information required for the placement on an ongoing basis for any changes.
• Ensure that the insurance coverage is always adequate and continues without any breaks or gap.
• Follow-up and obtain the documentation after the placement and verify that everything is in order and as per the requirement.
• Arrange for endorsement(s) as and when required for any changes in the insurance program.
• In case of any loss(es), ensure prompt reporting of the same to the Insurer / Insurance Broker, follow-up with Surveyor for survey, co-ordinate for submission of documents to the Surveyor / Insurer, negotiate with them for the early settlement of the claim(s). Further, to ensure a proper system is put in place in this regard.
• Claims management by timely action for loss minimization, analyze the actual cause of loss, recover the loss under terms of the insurance policy.
• To submit periodic MIS to the Management on the risks covered, adequacy of coverage, pending claims, etc.
• To keep abreast of the developments in Insurance market, risks cover, international sanctions, etc.

Preferred candidate profile

• Qualification: Graduate or Postgraduate in Commerce/Science preferred
• Experience: Minimum 5 years including 2 years in Indian Insurance portfolio (except life insurance )
• Conversant with Insurance Policies/ Coverage/Claim settlement
• Experience on property insurance, marine insurance, asset insurance, etc
• Candidate must have the thorough understanding of Indian Insurance policies