Job
Description
Note: Candidates having below mentioned relevant skills should apply on the link. https://forms.gle/tyZf41YWk5QfcQnz8 1. Insurance Policy Management: Manage and renew project-specific insurance policies Evaluate and recommend appropriate risk coverage for ongoing and upcoming infrastructure projects. Coordinate with insurance brokers, underwriters, and legal teams for customized policy structuring. 2. Claim Placement & Settlement: Handle end-to-end insurance claim processes for incidents such as asset damage, construction site accidents, third-party liability, and natural disasters. Liaise with internal teams, loss adjusters, and insurers to ensure timely claim submission, documentation, and settlement. Maintain claim registers, loss reports, and settlement MIS. 3. Premium Negotiation & Policy Optimization: Analyze insurance market trends and negotiate premium rates with insurers for cost optimization. Recommend deductibles and exclusions based on project risk profile and claim history. Participate in annual insurance budget planning and forecasting. 4. Tender Documentation & Insurance Inputs: Provide insurance-related inputs for tender submissions and bid documentation. Ensure compliance with client insurance requirements as per tender terms (especially for EPC, government, and private sector clients). Prepare standard insurance clauses and evaluate contractor/vendor insurance submissions. 5. Contractor & Statutory Coverage Compliance: Verify subcontractor insurance policies to ensure adequate coverage Ensure full statutory compliance Support incident investigations from an insurance recovery and liability standpoint. Required Qualifications: Education : Graduate in any discipline (Engineering, Commerce, or Law preferred). Certification : Must hold a valid Licentiate (Insurance Institute of India) Associate or Fellowship preferred. Experience : 6 - 12 years & 10 - 20 years of relevant experience in insurance management, preferably within construction, infrastructure, or EPC companies . Key Skills & Competencies: In-depth knowledge of construction and infrastructure-related insurance products. Strong negotiation skills with brokers and underwriters. Hands-on experience with insurance claims and documentation. Familiarity with IRDAI regulations and statutory policies. Good communication, analytical thinking, and risk assessment abilities. Proficient in MS Office (Excel, Word, PowerPoint); familiarity with SAP systems is a plus. Preferred Industry Background: Construction Infrastructure (roads, bridges, ports, metro, power, etc.) EPC companies Real estate development (for large-scale residential/commercial projects)
