Executive - Accounts (Insurance)

Job Description:

• Thorough knowledge of marine insurance and liability insurance, all general insurance with expertise in terms of policy terms, coverage, and risk management & Claims handling.
• Thorough knowledge of Employee Benefit (GMC, GPA, Term Insurance) with data analytics on claims & addition – deletion endorsements. Customer Service management with intra function on employee benefit claims.
• Compile necessary data for the annual renewal process & during the year renewals of all corporate insurance, ensuring all required information is collected and reviewed with comparison report for current v/s required coverage
• Process payments for insurance premiums within stipulated timelines & maintaining a cash deposit ledger, ensuring detailed scrutiny of transactions for accuracy and compliance.
• Update and maintain an effective insurance Management Information System (MIS)
• Liaise with brokers and direct insurers to obtain competitive quotes for renewal or new policies.
• Verify the details of renewed policies to ensure they align with agreed terms & prepare and present reports summarizing key information and updates on renewed policies.
• Co-ordination with the insurance company and internal departments to ensure timely submission of claims and accurate documentation of required information with Claim MIS
• Validate manual bill submissions (FB60 & required JV in SAP) against the respective insurance policies and coverage terms & Marine claims receivable & receipts entries
• Follow up with insurance companies and brokers for pending policies, endorsements, or any policy updates.
• Any other work assigned by seniors as per the requirements