Deputy Manager Insurance

About the job

Job Purpose:

To safeguard the company’s assets and interests by managing the placement, renewal, and administration of all local and operational insurance policies. The role ensures timely and cost-effective coverage, efficient claim settlement, and compliance with corporate requirements while building strong relationships with insurers, brokers, and internal stakeholders.

Job Responsibilities:

• Manage placement, renewal, and administration of all local and operational insurance policies.
• Negotiate terms, conditions, and premiums with insurers and brokers to secure optimal coverage.
• Ensure comprehensive coverage including property, vehicles, marine, travel, group health/life, and directors’ liability.
• Handle end-to-end insurance claims process – notification, documentation, surveyor coordination, and settlement follow-up.
• Liaise with Finance and Accounts teams for premium schedules, reconciliations, and claim recoveries.
• Support international reinsurers/brokers with documentation for operational insurance placement and renewals.
• Coordinate with surveyors, engineers, and O&M teams during plant inspections and claim assessments.
• Maintain accurate records of policies, claims, recoveries, and deductibles.
• Advise management on insurance coverage gaps, risks, and additional protection needs.
• Build strong relationships with insurance companies, brokers, and loss adjusters to safeguard company interests.

Qualification, Skills & Experience:

• Bachelor’s degree in Business Administration, Finance, Risk Management, or related field (Master’s preferred).
• 5–7 years of proven experience in corporate insurance management, risk, or related functions.
• Strong knowledge of local and international insurance markets, policies, and claim processes.
• Hands-on experience in negotiating insurance terms, handling claims, and liaising with insurers/brokers.
• Excellent coordination and stakeholder management skills, especially with Finance, Operations, and external auditors/surveyors.
• Analytical mindset with ability to assess risks, coverage gaps, and recommend improvements.