Job Description

Location:
Mumbai, MH, IN
Areas of Work: Corporate Finance
Job Id: 13141
To manage day to day insurance operations including claims handling, policy renewals, accounting, coordination with stake


holders and ensuring compliance with internal processes and timelines


Insurance Claims handling Handle claims across various lines of Insurance (Transit, Property, Employee benefits, etc.)


Liaise with Insurance companies, TPAs, surveyors, and internal teams for timely processing and closure of insurance claims within defined SLAs

Track claim status and documentation through the insurance portal and excel

MIS and Reporting

Maintain accurate MIS of premiums paid and claims made at policy level

Prepare monthly review reports highlighting key metrics and issues as per defined timelines

Accounting

Record insurance related accounting entries including premiums, provisions

Follow up with insurance companies for insurance policies, endorsements and GST compliant invoices

Ensure timely closure of open advances and quarterly balance confirmations

Maintain proper documentation of all insurance policies and endorsements

Insurance policy renewals

Supporting renewal and placing of insurance policies by creating repository of last five years insurance policies, sum insured, premium paid and claims under each of the policies

Support the insurance competitive quote process

Capex Project Funding

Facilitate capex funding for approved proposals in accordance with defined SLAs and updating the funding tracker

Query Management

Respond to insurance-related queries from internal functions as per defined SLAs

Stakeholder coordination

Initiate fortnightly review meetings with insurers for Transit claim pending closures as per SLAs

* Coordinate with Plant HR, TPAs, and brokers on Employee Benefit claim pendency and closure