Job Description

Job Summary
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• Insurance support to business units for credit insurance coverage for Open credit customer in assigned areas across the Group.
• Effective coordination with Insurers/ BU's
• Facilitate timely renewal of insurance policies at optimum terms.
• Timely and effective handling of overdue reporting, claim filing and settlement.
• Provide timely information and MIS
• Organisation of awareness sessions.
Roles & Responsibilities
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• Ensure 100% insurance cover on specified policies for eligible customers on timely basis through reputed insurers.
• Maintain data of various policies, claims , discounts, renewal information for current and previous years.
• Preparation of quote slips and renewal recommendation.
• Claim filing, document analysis and regular follow-up with BUs, insurers and surveyors to ensure timely claim settlement.
• Provide inputs and guidance to BU's through regular visits , meetings for claims and help improving risk profile.
• Timely reconciliation/settlement of balances and filing of requisite declarations (stocks, profit, marine and fixed assets).
• Preparation of monthly MIS and helping in issuance of quarterly report to BUs on sums insured and status of claims.
• Coordination with insurers.
KPIs
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• Insurance management: 100% insurance cover for all assets.
• Claim settlement within 30 days of eligilibity
• Awareness sessions.
• Timely reconciliation , settlement of balances filing of overdue claims. timely updating claim position with insurers.
• Maintaining updated policy and other key records for 5 years.
• Insurance & claims guidance: providing inputs/guidance to BUs through regular interaction/visits.
• Checking of policies/endorsements.
• Monthly MIS
Work experience requirement
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• Bachelor degree in Finance or any functional stream
• 3-7 years of experience in reputed Credit insurance company suce as Euler/ Atradius/ Coface or Industry
Qualification
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• Knowledge of Credit Insurance coverage, polcies/ market.
• Knowledge of handling all types of claims.
• Strong interpersonal skills in dealing with Units/Insurers, Risk, Underwriting and claim teams.
• Data analytical skills
Competencies
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Communicating effectively
Self and Team Management
Planning & Decision Making
Customer Centricity
Ownership & Result Orientation
Claims Management
Risk Management
Regulatory Framework Impacting Insurance
Regulatory Compliance (internal & external)
Insurance Policy Clauses
Business Unit: Corporate-Finance (4198)
Business Group: Finance (234)