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[New Job Vacancy] Assistant/Deputy Manager job in Mahindra Susten, (Mumbai, Maharashtra) – Jobs in Mumbai, Maharashtra

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Job Opening details:-
Company Name :-
Mahindra Susten
Position Name :-
Assistant/Deputy Manager
Company Location :-
Mumbai, Maharashtra
Job Category :-
Management jobs

Full Job Description :-
Experience: 6 -10 Years in Insurance field

Location: Thane Office, Mumbai

Qualification: Any Graduate with Certification in Insurance

Key Responsibilities:
1. Procurement of Insurance for Project:

Review of RFP document and providing comments on requirement on insurance mentioned by principle
Preparation of Quote Slip for floating the quote in market.
Negotiation on terms and condition of policy along with premium
Payment request to finance department with necessary details such as quote comparison, project cost code Etc. as per internal process
Follow up with project team on status of the project
Follow up for extension of the project insurance in lines with status of the project
Sharing of necessary documents with concerned teams such as Marine insurance to Procurement & Logistics deptt., WC insurance for labor license application and all insurance copies to project team.
Monitoring extension cost and claim against principle.
Training to employees at project site.

2. International Projects:

Getting the country specific rates and regulations for bidding purpose
Review of RFP terms and conditions
Gathering reinsurance support for the policies and arranging local partner to issue policies where insurance market is non-admitted
Getting timely quotes and finalizing terms. Providing policies as and when required.
3. Procurement of Asset and other insurance:

Timely review of functions and activities being carried out by company from the aspect of insurance.
Insurance for newly purchased machinery and equipment as per process

Timely Reconciliation of stock lying at different site and taking adequate insurance for the same
Review of the Group Mediclaim policy and renewal with consultation of HR department.
Review of the Group Term Life policy and renewal with consultation of HR department.
4. Employee Benefit Policies Management:

Review of HR Benefit policies
Procurement of Benefit Policies in line with Company’s HR benefit policy
Monitoring CD balances
Monitoring Monthly addition and deletions.
Claims assistance to employees
Raising awareness through trainings for employee benefit policies
5. Claims Management:

Creating awareness with regards to claims on sites
Ensuring timely intimation of claim
Ensuring timely survey/inspection of loss and accompanying surveyor to site for visit, if needed.
Keeping track of reinstatement and timely information of the same to surveyor.
Collection of documents and sharing the same with surveyor before thorough review with claim bill
Lodging timely recovery claim against transporter via letter
Salvage of the damaged material as per process
Review of assessment provided by surveyor and providing confirmation on the same.
Providing necessary information to insurance company for payment
Providing claim settlement details to project team and concerned department for adjustment in project budget.
Monitoring the ageing of the pending claim

6. Database Management :

Maintaining original hard copy of policies

Monthly dashboard and status reports
Updating of premium paid MIS
Updating and tracking policy MIS
Updating and tracking claim MIS
Maintaining claim files

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