Project Insurance Analyst (5-10 yrs)

Job Title: Project Insurance Analyst

Location: Bangalore

Experience Required: Overall 5Years (2-5 Years in General Insurance Industry (no career gaps)

Academic: Bachelor's degree or higher.

Technical/Professional Knowledge: Strong expertise in non-EB insurance products, with a focus on Project Insurance, including EAR (Erection All Risks), CAR (Contractor's All Risks), Fire, Marine, and Liability lines.

Technical Skills: Proficiency in MS Office (Excel, PowerPoint, Outlook) and familiarity with online research tools.

Communication Skills: Excellent verbal and written communication skills, including email drafting.

Presentation Skills: Advanced PowerPoint skills for client presentations.

Job Responsibilities:

Client Assessment & Engagement:

- Review and analyze clients' background information and financial status.

- Engage with clients to understand and outline their project insurance needs, and deliver a detailed requirements document within 1-2 business days.

Insurance Requirement Analysis:

- Assess the unique complexities of each client project to align associated risks with suitable insurance coverage.

RFQ Management:

- Prepare and issue Request for Quotations (RFQs) to insurers, tailored to client-specific project risks and requirements.

Negotiation with Insurers:

- Engage with underwriters, discussing client requirements and negotiating terms and coverage to best meet project needs.

Quotation Comparison & Client Presentation:

- Evaluate insurer terms across key parameters and prepare a Quote Comparison Sheet (QCS).

- Present the QCS to clients in a comprehensive and engaging manner.

Policy Placement:

- Draft and issue a placement slip to the selected insurance company once payment is received, finalizing terms for policy issuance.

Documentation & Record Maintenance:

- Maintain meticulous records of all documentation, including policies, RFQs, final quotes, insurer communications, and placement slips.

CD Balance Management:

- Monitor and report Certificate of Deposit (CD) balances as required.