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Senior Executive /Asst. Manager - Insurance

Quality HR India

Full time
Experience
4–5 years
Location
Mumbai, Baramati
Work mode
Not stated
Salary
₹6 LPA
Posted 4 days ago

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Role at a glance

You will
  • Insurance Portfolio Management
  • Manage and administer the organization's overall insurance portfolio, ensuring adequate coverage and risk protection.
  • Possess strong knowledge of various insurance policies including:
Experience
4–5 years
Education
Bachelor's degree

Job description

Job Description:

Position: Sr. Executive /Asst. Manager - Insurance

Location: Malad - Mumbai

Experience: 4 – 5 Years

Industries: Chemical MNC

Responsibilities:

  • Insurance Portfolio Management
  • Manage and administer the organization's overall insurance portfolio, ensuring adequate coverage and risk protection.
  • Possess strong knowledge of various insurance policies including:
  • Marine Transit Insurance
  • Stock Throughput Policies
  • Industrial All Risk (IAR) Policies
  • Property Insurance Policies
  • Business Interruption Insurance
  • Motor Insurance Management
  • Oversee motor insurance for the company's entire vehicle fleet.
  • Ensure timely renewals, endorsements, claim settlements, and policy compliance.
  • Employee Benefits Insurance
  • Manage employee-related insurance programs including:
  • Group Personal Accident (GPA)
  • Workmen Compensation (WC)
  • Group Medical and other employee welfare insurance policies
  • Coordinate with HR and insurance service providers for policy administration and claims support.
  • Liability Insurance Management
  • Handle and administer various liability insurance policies, including:
  • Commercial General Liability (CGL)
  • Pollution Legal Liability (PLL)
  • Professional Indemnity (PI)
  • Directors' and Officers' Liability (D&O)
  • Fidelity Guarantee and Crime Insurance Policies
  • Risk Assessment & Coverage Adequacy
  • Monitor monthly inventory levels, asset values, and operational risks to always ensure adequate insurance coverage.
  • Identify potential coverage gaps and recommend appropriate risk mitigation measures.
  • Policy Renewal & Cost Optimization
  • Ensure timely renewal of all insurance policies without any lapse in coverage.
  • Coordinate with insurance brokers and insurers for competitive quotations and negotiate renewal terms, conditions, and premiums.
  • insurance cost optimization initiatives while maintaining adequate risk protection.
  • Claims Management
  • Manage end-to-end insurance claims processes across all lines of insurance.
  • Coordinate with internal stakeholders, surveyors, brokers, and insurers to ensure timely claim settlement.
  • Prepare and maintain claim MIS, loss reports, claim recovery status, and management dashboards.
  • Surety Bond: coordinating with brokers for arranging Surety bond limit
  • Stakeholder & Broker Management
  • Build and maintain effective relationships with insurance brokers, insurers, surveyors, and internal stakeholders.
  • Conduct periodic reviews and monthly meetings with insurance brokers to assess portfolio performance, claim status, market developments, and renewal strategies.
  • Compliance & Reporting
  • Ensure compliance with statutory, regulatory, and company insurance requirements.
  • Maintain accurate insurance records, policy documentation, endorsements, and audit-ready files.
  • Prepare periodic MIS reports and presentations for management review.

Required Skills:

  • Insurance Portfolio Management
  • Marine Transit and Stock Throughput Insurance
  • Industrial All Risk (IAR) and Property Insurance
  • Business Interruption Insurance
  • Motor Fleet Insurance Management
  • Group Personal Accident (GPA) and Workmen Compensation (WC)
  • Group Medical and Employee Benefits Insurance
  • Commercial General Liability (CGL) and Pollution Legal Liability (PLL)
  • Professional Indemnity (PI) and Directors' and Officers' Liability (D&O)
  • Fidelity Guarantee and Crime Insurance
  • Insurance Risk Assessment and Coverage Adequacy
  • Insurance Policy Renewal and Premium Negotiation
  • Insurance Claims Management and Settlement
  • Surety Bond Limit Coordination
  • Insurance Cost Optimization and Risk Mitigation
  • Insurance Broker and Stakeholder Management
  • MIS Reporting, Loss Analysis, and Management Dashboards
  • Insurance Documentation, Compliance, and Audit Management
  • MS Excel, Word, and PowerPoint
  • Strong Analytical, Negotiation, Communication, and Coordination Skills

Required Qualification: - Any Graduation

Salary :- Upto 12.00 LPA

If you are interested for this opening please send updated resume on same mail with following details.

Total No. of Years Experience :-

Current CTC :-

Expected CTC :-

Notice Period :-

Job market insights

₹5.3L – ₹15L advertised yearly salary for Accounting & Finance Jobs in Mumbai (middle half of 51 posts that show a salary; median ₹6L)
12 more open jobs at Quality HR India

Most Accounting & Finance Jobs posts in Mumbai ask for 3–6 years of experience (46% of 315 that say).

Hiring most for Accounting & Finance Jobs in Mumbai

  • Kotak Mahindra Bank50 open jobs
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From live job posts on CoreHRx, updated 5 Nov 2026. Skill figures count posts that list their skills; salary figures only posts that show a salary.

Questions about this job

What is the salary for this Senior Executive /Asst. Manager - Insurance job?

The post states ₹6 LPA.

How much experience does this job need?

The post asks for 4–5 Yrs experience.

Where is this job based?

In Mumbai, Baramati.

What kind of job is this?

It is a full time job.

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