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121 PhonePe Jobs

Lead - Insurance

7-13 years

₹ 24.75 - 52L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Bangalore / Bengaluru

1 vacancy

Lead - Insurance

PhonePe

posted 10d ago

Job Description

About PhonePe Group:
Culture
Lead - Insurance
About PhonePe:
PhonePe is a leading digital payments and financial services company in India. The Corporate
Insurance Team plays a crucial role in protecting the companys assets and mitigating risks.
Key Responsibilities:

Risk Management: Identify, assess, and understand various risks to PhonePe, including
asset, marine, and liability risks.
Policy Management: Administer insurance policies, including quality control, accounting,
and renewals. Ensure accurate documentation and compliance with regulations.
Claims Management: Report and manage insurance claims, ensuring timely and accurate
settlement.
Vendor Management: Onboard and manage insurance vendors, attending seminars, and
maintaining market knowledge.
Stakeholder Management: Collaborate with internal stakeholders (IT, Finance, Legal, etc.) to
understand risks, conduct risk inspections, and provide policy education.
Policy Negotiation and Improvement: Negotiate policy terms and conditions with insurers,
striving for improvements without increasing premiums.
Asset Management: Oversee asset insurance, including accurate grouping, sum insured
calculation, and monthly declarations.
Marine Insurance: Manage marine insurance policies, including sum insured finalization,
monthly utilization tracking, and claims.
Liability Insurance: Handle various liability insurance policies (DO, Cyber, Crime, CGL, PI),
including incident reporting and claims.
Documentation: Maintain accurate records and documentation for all insurance-related
activities.

Specific Tasks:

Conducting risk assessments and identifying new risks.
Analyzing insurance policies and ensuring they meet PhonePe needs.
Preparing and submitting Request for Quotes (RFQs).
Managing relationships with insurance companies and intermediaries.
Tracking and managing Cash Deposit balances.
Providing guidance to internal teams on insurance policies and procedures.
Requirements:

Strong understanding of insurance principles and practices.
Experience in risk management and claims processing.
Excellent communication and negotiation skills.
Ability to work independently and as part of a team.
Strong analytical and problem-solving
Detail-oriented and organized.
Ability to manage multiple tasks and meet deadlines.

Key Performance Indicators (KPIs):

Successful claims settlement rate.
Accuracy of policy administration.
Effective risk mitigation.
Cost optimization of insurance premiums.
Positive feedback from stakeholders.

Why this role is crucial for PhonePe:

Product Innovation: Enables the evaluation of risks associated with new products and
services.
Regulatory Compliance: Helps PhonePe navigate the regulatory landscape and ensure
compliance.
Operational Efficiency: Contributes to business continuity and minimizes losses.

Employment Type: Full Time, Permanent

Read full job description

Prepare for Lead roles with real interview advice

Top PhonePe Lead Interview Questions

Q1. Form a Triangle Problem Statement You are given an array of integers ARR with a length of N . Your task is to determine whether it's possib ... read more
Q2. Minimum Moves to Collect All Keys Given an 'N' x 'M' grid, find the minimum number of moves required to collect all keys when starting at a ... read more
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View all 122 questions

What people at PhonePe are saying

Lead salary at PhonePe

reported by 5 employees with 7-13 years exp.
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₹24.8 L/yr - ₹52 L/yr
137% more than the average Lead Salary in India
View more details

What PhonePe employees are saying about work life

based on 2.3k employees
53%
61%
62%
99%
Flexible timing
Monday to Saturday
Within city
Day Shift
View more insights

PhonePe Benefits

Health Insurance
Job Training
Team Outings
Soft Skill Training
Work From Home
Free Transport +6 more
View more benefits

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PhonePe Bangalore / Bengaluru Office Location

View all
Bengaluru Office
Headquarter
Ashford Park View, Site No – 9 Industrial Layout, Koramangala 3rd Block,80 ft Road Bengaluru
560034

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