Finance & Insurance Associate

Birla Carbon seeks a Finance & Insurance Associate in Navi Mumbai to manage insurance policies, minimize risks, and coordinate between sites and insurers. Key responsibilities include optimizing the insurance portfolio, assisting in risk management, maintaining records, and following up on claims. The position requires interaction with various stakeholders and knowledge of insurance policies. It is a full-time role with no specific degree requirement.
Job Purpose

Job Purpose Description

Job Context & Major Challenges

Job Context
• To minimize redundant / unsecured risk, review and periodic interaction with sites
• Collating the renewal data from sites
• Insurance and Claims Basics and knowledge of different policies- EAR/CAR, IAR, Liability, Cyber
• Coordination between sites and understanding laws/compliance in countries of operations related to insurance covers/limits.

Job Challenges

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)

KRA1 1.Assist/Support in placement of Global & Local Policies
• Assist and Coordinate with site, insurers, & brokers, ensuring correct Sum Insured
• Identify cover enhancement based on market situation, budget & business needs.

40%

KRA2 2.Suggest avenues to optimize Insurance Portfolio/ Assist in optimizing Insurance portfolio
• Scheduling /coordinate for Valuation of Assets
• Coordinate for Benchmarking with peers/industry

30%

KRA3 3.Assisting for Risk Management & Improvement
• Tracking & Coordinating with Global HSE & Insurers on Risk Recommendations 10%

KRA4 4.Record Management of Insurance Portfolio
• Record keeping on Share Point
• Tracking of renewals, addition of new assets etc.
• Maintaining Risk Register

10%

KRA5 5.Following-up on Claims
• Understanding of Policy clauses
• Cross Functional working/coordination

10%