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Job Description
Job Pupose
Assist in procuring new insurance coverages based on the bank’s needs, insurance claims and renewing the existing insurance coverage as per management direction and approvals.
Key Responsibility
Analysis and Assessment of the potential claims, collecting the required information and data, preparing required texts and confirming with manager and subsequently with legal.
Follow up with Legal department for the cases lodged with insurance and for potential claims.
Follow up with Audit and concerned departments for investigation reports related to potential/lodged insurance claims.
Customize investigation reports as required without changing facts.
Communicate with all the insurance stakeholders (insurance companies, insurance brokers, Loss adjusters and the reinsurers) to facilitate the communication channel to solve any issue related to the claims and the coverage in the best interest of the bank.
Ensure that required insurance MIS are correct and up to date.
Competencies/Skills
Education
Bachelor’s Degree (Minimum) in relevant field.
Work Experience
Minimum 6-8 years with financial institutions or audit first in the areas of branches, operations, consultations, audit, or risk management.
