About this role
Job Summary
Provide optimum insurance and risk management to entire Group for applicable risks. Develop cost effective risk transfer/retention strategy. Ensure timely claims settlement. Develop risk awareness and mitigation in Group.
Roles & Responsibilities
- Provide insurance and Risk Management support to IFFCO Group companies after proper understanding and analysis of applicable risks.
- Evaluate innovative and cost-effective solutions. Keep abreast of latest insurance industry trends/developments.
- Develop/define a cost-effective risk transfer/retention strategy covering all operating units of IFFCO Group.
- Provide leadership and operational support to BUs for timely claims registration and management of claim settlement process.
- Develop top level effective relationship with insurers, intermediaries and surveyors.
- Develop risk awareness and mitigation in BUs. Help BUs in improving risk profile through periodic internal/external surveys of each BU, seminars and guidance notes.
- Build an effective, efficient and motivated team
KPIs
- Risk management: optimum insurance cover for applicable risks.
- Risk mitigation: improving risk profiles of BUs.
- R isk transfer and retention strategy.
- Claims management.
- I nsurance and risk guidance.
- Team building.
Work Experience Requirement
12+ years of experience including 5 years as In-charge independently handling insurance portfolio of over $1 billion in reputed insurance companies/industry.
Qualification
- Masters degree in Management/Diploma in Insurance and Risk Management.
- Fellowship of Chartered Insurance Institute, UK or similar.
Competencies
Claims Management Insurance Industry Developments Insurance Policy Clauses Knowledge of Leading Market Practices Self and Team Management Strategic Thinking Ownership & Result Orientation Planning & Decision Making Change Management