drjobs Lead Insurance Management

Lead Insurance Management

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1 Vacancy
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Job Location drjobs

North Delhi - India

Monthly Salary drjobs

INR 2500000 - 3000000

Vacancy

1 Vacancy

Job Description

Job title: Lead Insurance Management
Reporting to: CFO
Location: Delhi HO
About Employer: One of the MNCs in the energy sector

Job Summary
The incumbent will be responsible for conducting risk assessment; designing implementing and managing comprehensive insurance programs related to projects (operational and under construction for solar wind and storage assets) office infrastructure as well as employees in the organization; liaison with local insurance Companies Brokers and related stakeholders; provide expert guidance coordinate for policy renewals conduct due diligence in M&A activities; comply with policies and ensure strong reporting to the company s Group corporate office.

Job Responsibilities
  1. Insurance Program Management
  • Design implement and manage compr hensive insurance programs for both constructional and operational wind solar and Battery Energy Storage in India ensuring optimum coverage for all associated risks.
  • Identify synergies with existing insurance programs and captive capacity within the company.
  • Coordinate the gathering compiling and consolidation of underwriting information requirements to support policy renewals across all relevant asset classes and operational activities.
  • Oversee and manage insurance policies related to the company s office infrastructure and employee insurance including compliance with local regulations and alignment with global corporate policies.
  • Manage the invoicing and policy administration process ensuring timely payment of premiums and maintaining uptodate policy records across all insurance categories.

  1. Claims Management
  • Handle insurance claims in coordination with process owners (Construction/ Asset Management/ HR/ Admin) to ensure timely and effective processing and maximize recoveries from insurers.

  1. Risk Assessment and Mitigation
  • Conduct risk assessments for new and existing projects and identify potential insurance requirements and gaps in coverage.
  • Maintain close dialogue with the Corporate Insurance Department (Overseas) and report policies premiums and coverage details to consolidate the total cost of risk and counterparty risk.
  • Enhance practices procedures and processes to improve the company s insurance framework and align with a global risk management approach.

  1. Stakeholder and Relationship Management
  • Maintain strong relationships with insurance brokers underwriters and reinsurance companies to negotiate competitive premiums and terms.
  • Provide expert guidance to internal stakeholders on insurance matters including policy requirements and risk mitigation strategies.

  1. Due Diligence for New Projects Contractual Review and Compliance
  • Collaborate with the BD team for insurance cost due diligence and proposal preparation for new project development.
  • Review and provide advice during contract negotiations for all asset classes office facilities and employeerelated coverage in collaboration with relevant stakeholders including Legal and Finance teams.
  • Ensure all insurance activities comply with legal standards and project contracts.

  1. M&A Support
  • Provide professional support related to insurance due diligence for M&A activities and assist in the tendering and implementation of M&Aspecific insurance policies.

Skills and Qualifications
  • MBA Finance/ Bachelor s Degree in Risk Management Insurance or Business Administration
  • 715 years of experience in Insurance Management (Renewable Energy experience preferred)
  • Experience in property/construction insurance within a broker insurer or company.
  • Advanced knowledge of risk management regulations and industry trends in India
  • Able to manage multiple insurance portfolios across diverse energy and infrastructure assets
  • Proficiency with software such as MS Excel Access and Word.

risk assessment & mitigation,risk assessment and mitigation,stakeholder and relationship management,insurance program management,m&a support,claims management,due diligence for new projects,proficiency with ms excel, access, and word,m&a due diligence,insurance management,energy

Employment Type

Full Time

Company Industry

About Company

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