Head Insurance

Description:

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.
• Risk transfer and retention strategy.
• Claims management.
• Insurance 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

Business Unit: Corporate-Finance DMCC (5350)

Business Group: Finance (234)