Executive N - Finance

To manage day to day insurance operations including claims handling, policy renewals, accounting, coordination with stake

holders and ensuring compliance with internal processes and timelines

Insurance Claims handling · Handle claims across various lines of Insurance (Transit, Property, Employee benefits, etc.)

· Liaise with Insurance companies, TPAs, surveyors, and internal teams for timely processing and closure of insurance claims within defined SLAs

· Track claim status and documentation through the insurance portal and excel

· MIS and Reporting

· Maintain accurate MIS of premiums paid and claims made at policy level

· Prepare monthly review reports highlighting key metrics and issues as per defined timelines

· Accounting

· Record insurance related accounting entries including premiums, provisions

· Follow up with insurance companies for insurance policies, endorsements and GST compliant invoices

· Ensure timely closure of open advances and quarterly balance confirmations

· Maintain proper documentation of all insurance policies and endorsements

· Insurance policy renewals

· Supporting renewal and placing of insurance policies by creating repository of last five years insurance policies, sum insured, premium paid and claims under each of the policies

· Support the insurance competitive quote process

· Capex Project Funding

· Facilitate capex funding for approved proposals in accordance with defined SLAs and updating the funding tracker

· Query Management

· Respond to insurance-related queries from internal functions as per defined SLAs

· Stakeholder coordination

· Initiate fortnightly review meetings with insurers for Transit claim pending closures as per SLAs

· Coordinate with Plant HR, TPAs, and brokers on Employee Benefit claim pendency and closure