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Magma General Insurance Limited

18 Job openings at Magma General Insurance Limited
Specialist -HR Digitization and Analytics Mumbai Metropolitan Region 8 years Not disclosed On-site Full Time

Total Work Experience: 8+ years Education: BCA OR Bachelor’s degree in Computer Science, Information Security, or a related field; relevant work experience may be considered in lieu of a degree. e duties and responsibilities that is related to this job role. HR Technology Implementation: Lead the deployment of HRMS platforms ensuring seamless integration and user adoption. Data Analytics & Insights: Develop HR dashboards using tools like Power BI or Tableau to track workforce trends, attrition rates, and employee satisfaction. Data-Driven Decision Making: Utilize HR analytics tools to track performance metrics and optimize HR strategies. Process Automation: Streamline HR workflows using AI-driven automation for recruitment, onboarding, and performance management. Employee Experience Enhancement: Utilize digital tools to improve engagement, feedback mechanisms, and personalized employee journeys. Compliance & Risk Management: Ensure HR processes align with labor laws and data privacy regulations. Change Management & Training: Drive digital transformation initiatives, training HR teams and employees on new technologies. Technical Expertise: Hands-on experience with HRMS platforms, HR analytics tools, and automation software (People Strong, Oracle, Darwin Box etc). Strategic Thinking: Ability to align HR digitization with business goals. Data-Driven Decision Making: Strong analytical skills to interpret HR data and drive actionable insights. Stakeholder Management: Experience collaborating with leadership teams and external vendors. Project Management: Ability to lead HR tech projects from conception to execution. Show more Show less

Sales And Marketing Specialist Dehradun,Uttarakhand,India 1 years Not disclosed On-site Full Time

Hello Connections..! Greetings from Magma General Insurance Ltd. We are hiring for below positions :- ( Health Agency Vertical ) 👉 Excutive 👉 Sr. Excutive 👉 RM 👉 Sr. RM Locations:- Dehradun & Haridwar Salary:- 2.5 LPA to 6.5 LPA + Variables. Job description:- 1. To develop and direct the health business by recruiting a team of agents, focused on generating health insurance business for the company. 2. Work experience :- 1-5 years handling agency in Health Insurance Company. Interested applicants may share resume too 👇👇👇 sumit.bhatt@magmainsurance.com Contact number - 8104743579 Show more Show less

Business Analyst Mumbai Metropolitan Region 0 years Not disclosed On-site Full Time

Department: Business Support Function Total Work Experience: 8+ relevant experience Education: Postgraduate / CA Duties and responsibilities: Gathering requirements for system changes (Business applications) from Users (different functions). Preparing BRD as per the requirement. Getting the BRD closed with IT team and Vendor. Clarifying queries raised by IT, Vendor. Conducting UAT testing on own and getting UAT sign off from users. Providing postproduction Support till the time system stabilizes. Evaluating Systems for gaps and filling up those. Handling projects related to IT developments/automation. Specialized skills & competencies : Good communication skills along with prior experience in implementing financial projects in GI industry. Knowledge about: Accounting, Taxation, Policy issuance, Claims, Generic functions related to GI industry. Knowledge about RPA/AI/ML, candidate should have worked previously in these kinds of automations. Exposure to ERP, Financial Systems, PAS, Website, Agent portal, Claims Applications, Chatbot. Show more Show less

HR - Executive Mumbai,Maharashtra,India 0 years Not disclosed On-site Full Time

Greeting of the Day We are hiring HR - Executive (3rd party payroll) Location - Equinox Business Park, Kurla Job Description Sourcing from Naukri Portal, LinkedIn all the other sources for Frontline sales (Banca/Agency/Health Agency) Mumbai region. Recruitment process includes Sourcing, Screening, and interviewing candidates for Frontline line sales with CTC negotiation. Interview Coordination with all the stakeholders Maintaining Interview tracker and create CV date-base of potential candidate for future job openings. Selected candidates offer processing (Documentation) of Deputy Manager below (including FE). Tracking all the new joining. Maintaining Recruitment Offer Tracker. Review of all the positions and maintaining a TAT for closure. Keeping track of the recruitment metrics and sending regular reports to key stakeholders in the system regarding recruitments. (FE hiring) Smooth On-boarding (Coordination with IT, Admin, HR ops) of all the new joiner (FE Population) Coordination with Bank for bank opening for new joiner. If you are interested then reply on this email I'd - Shiven.Bhavsar@magmainsurance.com This job is provided by Shine.com Show more Show less

Lead - Enterprise Risk Management Mumbai,Maharashtra,India 12 years Not disclosed On-site Full Time

12+ Years’ experience in handling Risk function for General Insurance Company Insurance Qualification – Required Chartered Accountant / MBA (Finance) – Preferred ISO 22301 and ISO 31000 - Preferred Overall oversight of ERM function Develop and maintain Enterprise wide Risk Management Governance Framework and Operational Risks Responsible for Board related risk presentations and closing all the ATR’s Responsible for leading activities for Crisis Management Group and Information Security Risk Management Committee Responsible for anchoring entire RCSA cycle of activities i.e. initiation, risk identification, control testing, and final sign from functional head Building and maintaining Operational Loss database Follow-up with the relevant stake-holders for identification of root cause and implementation of the controls/carrying out the rectifications Identification and monitoring of key risk indicators Risk monitoring through various MIS, dashboards and Key Risk Indicators (KRI’s) Development of pro-active risk alerts based on historical data analytics that can act as leading indicator for key strategic risks Leading activities for automating ERM activities Facilitate in enhancing Risk Culture in Magma including imparting trainings Leading theme based reviews / special projects, in order to identify process lapses and build strong control Leading Data Leakage Prevention activities and facilitate automation Leading Data Leakage Prevention activities and facilitate automation Leading business continuity related activities Leading team on various assignments Team building abilities Competency Ability to engage with senior leadership in all aspects of Risk Creative, out-of-the-box thinking, always keep an eye on the future Strategic and analytical thinking Technically sound on COSO framework for risk management, Business Continuity aspects Strong communication, interpersonal & networking skills Excellent Problem solving and decision-making skills, take responsibility & establish success criteria Good Technical Knowledge on General Insurance Excellent working on Excel, Word & Power Point Team Management skills Show more Show less

Senior Manager Talent Acquisition Mumbai Metropolitan Region 10 years None Not disclosed On-site Full Time

Department: Human Resources Total Work Experience: 10+ years of experience in Recruitment Education: MBA (HR) Duties and responsibilities:- Owning the talent acquisition requirements of verticals and bringing the best practices. Handling bulk recruitment for frontline sales Campus recruitment. Building pipelines and sourcing strategies for the verticals assigned. Work closely with the stakeholders and closing the positions within the defined timeline. Gather market intelligence on competitor landscape, talent pool and compensation data. Ensure optimally utilizes the different channels of recruitment. Maintain the cost per hire as per the set goals and work towards improvising it further. Driving attrition action planning. Business Partnering with different stakeholders in the region. Maintain a pipeline of skilled talent, including consistent communication with the potential hires. Sourcing through Portals, employee references, social media as well as coordinating with consultants for exclusive drives & Line ups. Taking up new projects. Specialized skills and competencies:- Exceptional people and stakeholder management skills. Business acumen to be strong. Strong understanding of recruiting/ sourcing processes and procedures. Understanding of recruitment analysis. Familiarity of any ATS

Head of Business Solutions Mumbai Metropolitan Region 15 years None Not disclosed On-site Full Time

Department: Business Support Function Total Work Experience: 15+ years Education: Post Graduate Functional Work: 1.Managing Team for the execution of tasks in coordination with stakeholders. 2.Gathering requirements for system changes (Business applications) from Users(different functions). 3.Preparing BRD as per the requirement. 4.Getting the BRD closed with IT team and Vendor. 5.Clarifying queries raised by IT Vendor. 6.Conducting UAT testing on own and through Team and getting UAT sign off from users. 7.Providing post production Support till the time system stabilizes. 8.Evaluating Systems for gaps and filling up those. 9.Handling projects related to IT developments/automation. 10.Attending meetings with partners for providing solutions. 11.Part of strategic meetings with management for solutions/future projects. 12.Evaluating software’s available in market and identify use cases if any in the organization. 13.Evaluating and deploying RPAs. 14.Ability to work on ad hoc projects on a requirement basis. 15.Should be able to handle Top management for any queries/issues. Behavioral : 1.Good spoken and written English. 2.Working Presentation skills. 3.Posseses strong problem solving skills. Strategic: Creation of future teams Alignment with stakeholders. High result orientation for timely closures Proven team handling skills. Proven track record for deployment of large IT/Business projects. Preference to MBA/PMP/Prince. Past GI experience in similar role.

FLS Sales Manager - Health Agency Chandigarh,Chandigarh,India 1 years None Not disclosed On-site Full Time

Requirements Experience in Health Insurance Strong agent network to drive business Bachelor's degree in business administration, Marketing, or related field. Proven experience in sales management, preferably in the insurance industry Minimum 1.5 years in current role Age below 35 years Contact Details - anish.pawar@magmainsurance.com. This job is provided by Shine.com

FLS Sales Manager - Health Agency Amritsar,Punjab,India 1 years None Not disclosed On-site Full Time

Requirements Experience in Health Insurance Strong agent network to drive business Bachelor's degree in business administration, Marketing, or related field. Proven experience in sales management, preferably in the insurance industry Minimum 1.5 years in current role Age below 35 years Contact Details - anish.pawar@magmainsurance.com. This job is provided by Shine.com

Cluster Manager-Health Agency Patna,Bihar,India 0 years None Not disclosed On-site Full Time

Company Description Magma General Insurance Limited, previously known as Magma HDI General Insurance Company Limited, offers over 70 products across various categories to secure all major risks in the general insurance sphere. Our solutions include retail products like Motor (Car, Two-wheeler, Commercial Vehicles, Tractors), Health, Personal Accident, and Home, as well as commercial products such as Fire, Engineering, Liability, and Marine. We pride ourselves on our high-quality and agile service delivery. The company is supported by Sanoti Properties LLP, jointly held by Adar Poonawalla and Rising Sun Holdings Pvt. Ltd. Role Description This is a full-time on-site role for a Cluster Manager-Health Agency located in Patna. The Cluster Manager-Health Agency will be responsible for creating, managing and nurturing Retail Health Sales Distribution, customer service, overseeing budgeting, and facilitating communication within the Health Agency Sales Team in Patna Cluster.The role also involves training Sales Team & Agents & help them in sharing Health Insurance related queries resolution and best customer service experience. Qualifications- Agency Distribution exposure & Customer Service experience with Product Push skills Experience in Budgeting and implementation Decent exposure in Team management Effective Training Skills related to Products Excellent leadership and organizational skills Ability to work on-site in Patna Bachelor’s Degree and must have minimim 3 yr Team leading experience.

Relationship Manager - Health Agency- Ranchi-Jharkhand Ranchi,Jharkhand,India 0 years None Not disclosed On-site Full Time

Company Description Magma General Insurance Limited, held majorly by Adar Poonawalla through Sanoti Properties LLP, provides comprehensive general insurance solutions with over 70 products. Our offerings include retail products such as Motor, Health, Personal Accident, and Home, as well as commercial products covering Fire, Engineering, Liability, and Marine. We are committed to high-quality and agile service delivery to secure all major risks in the general insurance sector. Role Description This is a full-time on-site role for a Relationship Manager in Health Agency at Magma General Insurance Limited located in Ranchi, Jharkhand. The Relationship Manager will be responsible for building and maintaining strong relationships with health agencies, driving sales, managing client portfolios, and ensuring customer satisfaction. Daily tasks include identifying business opportunities, developing and implementing sales strategies, meeting sales targets, and collaborating with internal teams to enhance service delivery. Qualifications Experience in relationship management and client portfolio management Strong sales and business development skills Excellent communication and interpersonal skills Ability to develop and implement effective sales strategies Familiarity with general insurance products and market trends Strong problem-solving and negotiation skills Bachelor's degree in Business Administration, Marketing, or a related field Proficiency in using CRM software and other relevant tools Capable of working independently and as part of a team Willingness to travel as required for client meetings

Relationship Manager - Health Agency- Ranchi-Jharkhand ranchi,jharkhand 2 - 6 years INR Not disclosed On-site Full Time

You will be joining Magma General Insurance Limited as a full-time Relationship Manager in Health Agency, based in Ranchi, Jharkhand. Your key responsibility will be to establish and nurture strong relationships with health agencies, drive sales, manage client portfolios, and ensure high levels of customer satisfaction. You will be tasked with identifying business opportunities, creating and executing sales strategies, achieving sales targets, and collaborating with internal teams to enhance the quality of service delivery. To excel in this role, you should possess experience in relationship management and client portfolio management, along with strong sales and business development skills. Your communication and interpersonal skills should be excellent, enabling you to effectively engage with clients and internal stakeholders. You must demonstrate the ability to devise and implement successful sales strategies, and have a good understanding of general insurance products and market trends. Your problem-solving and negotiation skills should be robust, allowing you to navigate challenges and secure favorable outcomes. A Bachelor's degree in Business Administration, Marketing, or a related field is required for this position. Proficiency in utilizing CRM software and other relevant tools will be advantageous. The role calls for both independent work as well as effective collaboration within a team. Additionally, a willingness to travel as needed for client meetings is essential to fulfill the duties of this role effectively.,

Zonal Head – Provider Management New Delhi,Delhi,India 0 years None Not disclosed On-site Full Time

Department: Health Claims Total Work Experience: 8-12 Education: Graduation/Post Graduation/MBA Responsible for building and managing a quality and cost-efficient Network of Healthcare providers in the Zone Provider contracting to achieve the right geographical spread Responsible to carry out negotiations for quality cost-efficient services, during empanelment and rate-revisions Manage end to end Provider Network operations in the Zone Responsible for regular case management negotiations with providers Identify leakages and take measure to prevent FWA Close monitoring and controlling of ACS Hands-on with Provider due diligence process and execution of bi-partite and tripartite agreements Cross functional coordination Specialized skills & competencies :- Hands-on with Provider Network management Strong relationships with Corporate Hospitals Understanding of regulatory guidelines Awareness about latest trends and the developments in Health Insurance and Healthcare sector

Zonal Head Provider Management delhi 8 - 12 years INR Not disclosed On-site Full Time

As a member of the Health Claims department, you will be responsible for building and managing a quality and cost-efficient network of healthcare providers in the assigned zone. Your primary focus will be on provider contracting to ensure the right geographical spread and conducting negotiations for quality cost-efficient services during empanelment and rate-revisions. Additionally, you will manage end-to-end provider network operations in the zone, including regular case management negotiations with providers. Your role will involve identifying leakages and implementing measures to prevent fraudulent activities, as well as closely monitoring and controlling the Average Claim Size (ACS). You will be expected to have hands-on experience with provider due diligence processes and the execution of bi-partite and tripartite agreements. Cross-functional coordination will also be a key aspect of your responsibilities. To excel in this role, you should possess specialized skills and competencies such as hands-on experience with provider network management, strong relationships with corporate hospitals, an understanding of regulatory guidelines, and awareness of the latest trends and developments in the health insurance and healthcare sector. The ideal candidate for this position will have 8-12 years of total work experience and hold a Graduation/Post Graduation/MBA degree. If you are passionate about creating a robust provider network and ensuring high-quality healthcare services for our members, we encourage you to apply for this challenging and rewarding opportunity.,

Relationship Manager - Health Agency- Ranchi-Jharkhand Ranchi,Jharkhand,India 0 years None Not disclosed On-site Full Time

Company Description Magma General Insurance Limited provides a comprehensive range of over 70 insurance products, ensuring coverage for all major risks in the general insurance sphere. The company offers both retail products such as Motor, Health, Personal Accident, and Home insurance, as well as commercial products including Fire, Engineering, Liability, and Marine insurance. Known for high-quality and agile service delivery, Magma General Insurance Limited is a trusted name in the industry. Role Description This is a full-time on-site role for a Relationship Manager in Ranchi, Jharkhand at Magma General Insurance Limited. The Relationship Manager will be responsible for managing relationships with health agencies, driving sales, providing high-quality service, solving client queries, and strategically growing the customer base. Additional responsibilities include coordinating with internal teams, maintaining accurate records, and developing market strategies to meet sales targets. Qualifications Sales, Relationship Management, and Customer Service skills Ability to develop market strategies and meet sales targets Strong communication, negotiation, and interpersonal skills Experience in the insurance industry is beneficial Proficiency in local language skills for effective client interactions Bachelor's degree in Business, Marketing, or related field preferred Ability to work independently and manage multiple tasks efficiently

Deputy Manager - Reinsurance (FAC) Mumbai Metropolitan Region 3 - 6 years None Not disclosed On-site Full Time

Department: Reinsurance Total Work Experience: 3 to 6 years Education: MBA Finance or Equivalent Job Purpose: To manage and execute facultative reinsurance operations for both inward and outward placements across all Lines of Business (LOB), ensuring optimal risk coverage, regulatory compliance, and efficient coordination with internal and external stakeholders. Key Responsibilities: FAC Outward: Negotiate and arrange facultative reinsurance placements for risk coverage across all LOBs. Identify, develop, and maintain strong relationships with reinsurers and brokers for each LOB. Ensure timely and accurate documentation and execution of outward reinsurance contracts. Review reinsurance covers to identify and report discrepancies in coverage terms and conditions. FAC Inward: Liaise with reinsurance brokers and insurance companies to acquire new facultative inward business and manage renewals. Coordinate with underwriting teams to confirm risk acceptance and bind coverage with insureds directly or via brokers. Ensure proper documentation and compliance for inward reinsurance contracts. Operational Monitoring & Compliance: Monitor collection and payment of premiums and GST for both inward and outward reinsurance. Track claims recovery and coordinate with lead reinsurers for Probable Maximum Loss (PML) guidance. Perform GST reconciliation and ensure timely payment/collection. Prepare and submit compliance-related documentation as per regulatory requirements. Handle internal and external audits related to facultative reinsurance operations. Specialized skills, competencies, qualifications and experience:- Qualifications & Experience: Bachelor’s degree in Insurance, Finance, or related field (Master’s preferred). Minimum 3–6 years of experience in reinsurance underwriting, with a focus on facultative placements. Strong understanding of insurance and reinsurance principles, regulatory frameworks, and market practices. Skills & Competencies: Excellent negotiation and relationship management skills. Strong analytical and problem-solving abilities. Proficiency in MS Excel and reinsurance management systems. Attention to detail and ability to manage multiple tasks under tight deadlines. Effective communication and interpersonal skills.

Senior Manager - Direct Taxation Mumbai Metropolitan Region 7 - 10 years None Not disclosed On-site Full Time

Department: Finance Total Work Experience: 7-10 years experience in direct Taxation Education: Chartered Accountant Duties and responsibilities:- The ideal candidate shall be well-versed in corporate taxation, insurance-specific tax provisions, TDS, assessments. Key Responsibilities Direct Tax Compliance Prepare and file corporate income tax returns, advance tax calculations and self assessment tax payments. Review and manage quarterly and annual tax provisions including deferred tax computations. Co-ordinate tax audits and assist with statutory audits and internal audits. TDS Management - Monitor monthly TDS deductions, payments and returns Reconciliation of TDS with Form 26AS and timely issuance of TDS Certificates. Assessments and Litigation- Handle income tax scrutiny, assessments, appeals and responses to notices from Income Tax Department Coordinate with external tax consultants and legal counsel for ongoings tax litigation. Key Skills: Strong knowledge of Income Tax and TDS regulations. Experience with tax assessments, scrutiny notices and e-proceedings. Strong analytical, communication and stakeholder management skills

Lead - Learning & Development mumbai metropolitan region 10 years None Not disclosed On-site Full Time

Department: Human Resources Total Work Experience: 10+ years relevant experience Education: Bachelor's degree in Human Resources or a related field. MBA Preferable The Learning & Development Lead is responsible for driving the organization's training and development strategy, ensuring all initiatives are aligned with overall business objectives. This role involves close collaboration with department heads to assess skill gaps, design targeted learning programs, and implement effective training solutions that foster employee growth, enhance performance, and support career progression. Key Responsibilities: Learning and Development Design and Implement an e-LMS Platform: Ensure effective utilization of the platform. Customized Training Programs: Develop training programs that result in a positive impact, aligning with business expectations. Maintain high-quality content. Training Program Planning: Prepare a comprehensive list of training programs based on function/role, level, and needs. Create and implement a training calendar accordingly. Manage the L&D budget and report on ROI for training initiatives. Innovative Training Platforms: Design unconventional training platforms. Develop cross-functional training programs. Introduce innovative methods for behavioral training. Training Feedback Mechanism: Develop a comprehensive training feedback mechanism. Skills: Proven track record of designing and implementing successful training programs. Strong leadership and project management skills. Excellent communication and interpersonal skills. Ability to work collaboratively with all levels of staff. Additional Skills: Training Needs Analysis Leadership Development. Budget Management Learning Management Systems (LMS) Project Management Communication