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Hiring: Manager - Risk & Loss Mitigation Unit (RLMU) for leading General Insurance company..

Keywords / Skills : "Insurance", "risk", "Loss Mitigation"

2 - 4 years
Posted: 2017-09-13

Other Roles
Posted On
13th Sep 2017
Job Description
Looking for Manager - Risk & Loss Mitigation Unit for leading GI company..

Location: Bangalore

Experience: min 2+ years in Risk & Loss Mitigation Unit
Industry: BFSI (preferably insurance sector)

Job Profile:-

• Financials/Output related activities (Income/Expenses/Profit) (e.g:Gross written premium, Top line, Combined ratio, cost of acquisition, loss ratio, management expenses etc)
 Reduces Loss Ratios by increasing success ratios
 Develops Pan -india quality investigator network
 Ensures optimum productivity thru trigger based intimation

• Customer/Product/Market related activities (Internal / External) (e.g. Satisfaction, Acquisition, Retention,
• Cross-sell/Share-of-wallet, Relationship, Service, Product/Solutions)
• Process/Technical related activities (productivity, efficiency, process, quality etc.) (e.g. Risk, Controls, Compliance,
 Develops new techniques for investigation ( forensic / biometric)
 Re-engineers Process to reduce investigation TAT continually
 Carries out fraud analytics to identify fraud prone areas and provide MIS
 Updates referral triggers to maximize fraud eradication

• Audit, Productivity, Quality, Discipline, Change Management, Adaptability, Success Transfer)
• People/Leadership/Teamwork/Corporate Citizenship related activities (e.g. Collaboration/Team work,
• Knowledge sharing, Development (Self & Team), Sharing Resources/Helping others)


1. Targeted Eradication of frauds
2. Targeted Repudiation & Recovery Success Rates
3. Targeted TAT
4. Targeted Quality standards of Investigations

Job specific knowledge:-

• Knowledge of network of external investigators , police , govt personnel etc. and how to manage the same
• Risk mitigation ( identification and eradication of frauds)
• Data management ( claims data analysis & ppt )
 Analyzing trends in claim frauds and advising businesses locally
 Creating & harness investigator network

Interested candidate can apply at [HIDDEN TEXT]

Thanks and Regards,
Hiren Shah

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