Associate Manager Insurance

5 days ago


Al Ain, Abu Dhabi, United Arab Emirates IFFCO Group Full time
  • Insurance support to business units for credit insurance coverage for open credit customers in assigned areas across the Group.
  • Effective coordination with Insurers and Business Units.
  • Facilitate timely renewal of insurance policies at optimum terms.
  • Timely and effective handling of overdue reporting, claim filing, and settlement.
  • Provide timely information and Management Information Systems (MIS).
  • Organisation of awareness sessions.
  • Ensure 100% insurance cover on specified policies for eligible customers on a timely basis through reputed insurers.
  • Maintain data of various policies, claims, discounts, and renewal information for current and previous years.
  • Preparation of quote slips and renewal recommendations.
  • Claim filing, document analysis, and regular follow-up with Business Units, insurers, and surveyors to ensure timely claim settlement.
  • Provide inputs and guidance to Business Units through regular visits and meetings for claims and help improve risk profile.
  • Timely reconciliation and settlement of balances and filing of requisite declarations (stocks, profit, marine, and fixed assets).
  • Preparation of monthly MIS and assistance in issuing quarterly reports to Business Units on sums insured and status of claims.
  • Coordination with insurers.
KPIs
  • Insurance management: 100% insurance cover for all assets.
  • Claim settlement within 30 days of eligibility.
  • Awareness sessions.
  • Timely reconciliation, settlement of balances, filing of overdue claims, and timely updating claim positions with insurers.
  • Maintaining updated policy and other key records for 5 years.
  • Insurance and claims guidance: providing inputs and guidance to Business Units through regular interaction and visits.
  • Checking of policies and endorsements.
  • Monthly MIS.
Work Experience Requirement
  • Bachelor's degree in Finance or any functional stream.
  • 3-7 years of experience in a reputed credit insurance company such as Euler, Atradius, Coface, or in the industry.
Qualifications
  • Knowledge of credit insurance coverage, policies, and market.
  • Knowledge of handling all types of claims.
  • Strong interpersonal skills in dealing with Units, Insurers, Risk, Underwriting, and claim teams.
  • Data analytical skills.

Communicating effectively.

Self and Team Management.

Planning and Decision Making.

Customer Centricity.

Ownership and Result Orientation.

Claims Management.

Regulatory Framework Impacting Insurance.

Regulatory Compliance (internal and external).

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