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Bondada Group - Senior Manager - Insurance

Bondada Group - Senior Manager - Insurance

Bondada GroupTelangana, India
12 days ago
Job description

Job Title : Insurance Manager.

Reporting To.

Head - Administration.

Job Summary :

  • The Project Insurance, Marine Insurance & WC Manager will be responsible for managing and administering all aspects of insurance policies related to projects, marine transit, and workmen's compensation.
  • This role ensures that appropriate insurance coverage is maintained, claims are handled efficiently, and compliance with local and international laws and corporate standards is ensured.

Key Responsibilities :

  • Insurance Strategy & Management.
  • Develop, implement, and monitor insurance strategies across project lifecycles.
  • Ensure adequate and cost-effective coverage for construction / all-risk, project-specific insurance, marine cargo, and workmen's compensation policies.
  • Evaluate risk exposure and recommend insurance solutions accordingly.
  • Marine Insurance.
  • Manage marine cargo insurance including inland and international shipments.
  • Coordinate with logistics, procurement, and shipping teams to ensure timely and correct coverage.
  • Handle claims arising from transit losses or damages.
  • Workmen's Compensation (WC).
  • Ensure appropriate WC coverage is in place across sites.
  • Liaise with HR and contractors to verify WC compliance for employees and subcontracted labor.
  • Process WC claims and liaise with insurers for speedy settlements.
  • Project Insurance (CAR / EAR / DSU etc.
  • Oversee procurement and renewal of Contractor's All Risk (CAR), Erection All Risk (EAR), Delay in Start-Up (DSU), and other project-related policies.
  • Ensure that all stakeholders (vendors, subcontractors) are appropriately covered or indemnified.
  • Claims Management.
  • Coordinate and manage claims including documentation, negotiations, and settlements.
  • Serve as the liaison between internal stakeholders and insurers / loss adjusters.
  • Maintain a database of all claims and regularly update management on their status.

    • ref : iimjobs.com)

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    Senior Manager • Telangana, India