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Keywords / Skills : "executive insurance", "insurance executive",

4 - 9 years
Posted: 2019-03-20

Industry
Construction & Engineering
Oil/Gas/Petroleum
Function
Legal
Role
Administration Executive
HR Executive / Recruiter
Education
Any graduate
Posted On
20th Mar 2019
Job Description
We have job opportunity for the position of Executive - Insurance based at Mira Road location. If interested please share your resume on [HIDDEN TEXT] / [HIDDEN TEXT] to discuss further.

About us:

COMACOE is an ISO 9001:2008 Company providing high end transnational offshore hydrography, geophysical, subsea positioning surveys and geotechnical services to the offshore oil & gas, marine infrastructure sector and working in various countries. We are headquartered in Mumbai with branch operations in various countries and have been in existence for more than 35 years in the business. For more info please check Website: www.comacoe.com

Job Specification:

New Policies / Renewals:
 Responsible for managing all the insurance related work such as Property, Vessel, Equipment, GPA, Mediclaim, Vehicles, Projects, Barges, or any other as required.
 Maintaining updated record for all the insurance policies along with respective terms & condition.
 Preparing premium comparison statement along with terms & condition for renewal or for the new policy.
 Completing timely renewal of all the insurance policies in coordination with reporting head. Ensure that all of the involved parties provide correct information, and that the information is disseminated in a timely manner.
 Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from the concerned to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes.
 Verifying and ensuring that insurance information and authorizations provided are current, accurate and not approaching expiration.
 Coordinating, liaising and networking between insurance companies.
 Process applications for, changes to, reinstatement of, and cancellation of insurance policies. Reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform as per the requirement, cancelling insurance policies as requested by concerned and verifying the accuracy of insurance company records.
Documentation/ Administration:
 Follow up with insurance agencies for documentation. Circulating documentation as needed for reviewing. Preparing insurance forms and associated correspondences. Coordinating for all administrative works related to the insurance.
 Communicating with insurance companies, concerned department heads, staff and to resolve issues and act as a bridge between insurance companies and the organization.
 Correspond with agents, surveyors or claimants to compile information. Calculate benefit payments and approve payment of claims in coordination with the concerned department.
 Proper filing and maintaining documents in concerned files.
Claim Settlement:
 To manage and send claims to insurance companies for payment and follow-up for the same. Responsible for coordinating and supporting initiatives related to the evaluation, processing, and handling of claims for the company. Reviewing claims and update accounts and other concerned parties as necessary, answers inquiries, and makes recommendations for resolution. Manage filing and tracking insurance claims and circulating the information to the concerned.
 Investigate, analyse, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with the insurance company.
 Obtain information from insured or designated persons for purpose of settling claim with insurance company.
 Review settled insurance claims to determine that payments and settlements have been made in accordance with the terms of the Insurance. Report underpayments and other irregularities, if any.
 Maintaining upgraded current knowledge of regulations and laws related to the insurance industry and to be familiar with the guidelines and procedures related to insurance.
 Maintaining strict confidentiality related to Insurance records and other data (to be shared only on need-to-know basis).
 Coordinating for implementation of ISO standards and also maintaining documents for ISO process.

Best Regards
Anjali -HR


About Company

About us:

COMACOE is an ISO 9001:2008 Company providing high end transnational offshore hydrography, geophysical, subsea positioning surveys and geotechnical services to the offshore oil & gas, marine infrastructure sector and working in various countries. We are headquartered in Mumbai with branch operations in various countries and have been in existence for more than 35 years in the business. For more info please check Website: www.comacoe.com
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