Director - Credit Insurance - BFSI (14-19 yrs)

Credit Insurance Director

Role title : Credit Insurance Director

Role Summary :

- The role is responsible for overseeing and optimizing the company's insurance operations.

- This role involves negotiating insurance policies with brokers, securing higher limits when necessary, and leading advanced discussions with insurers in critical scenarios.

- The Director will train and develop commercial teams on insurance needs and processes, continually improve operational processes, and maintain a deep understanding of credit insurance products and market trends.

- The ideal candidate will possess negotiation skills, advanced knowledge of insurance products, and proven leadership abilities to manage a team.

The role entails the following responsibilities :

Policy Negotiation and Management :

- Negotiate insurance policies with brokers.

- Lead advanced discussions with insurers in critical scenarios to secure favourable terms and conditions.

Ongoing insurer management :

- Work with insurers and credit insurance brokers to support securing higher limits when necessary than initial granted to support commercial objectives.

- Ensure Olea maintains up-to-date records of all credit insurance policies and related documentation.

- Manage claims and protracted defaults with credit insurers through insurance brokers.

Process Improvement :

- Continuously improve insurance operations processes to enhance efficiency and effectiveness.

- Implement best practices and innovative solutions to streamline operations and reduce risks.

Oversight and Verification :

- Act as a checker for the operations team's work, ensuring accuracy and compliance in all insurance-related activities.

- Ensure all insurance operations adhere to relevant regulations and standards.

Team Training and Development :

- Train commercial teams on insurance needs, processes, and best practices.

- Develop and implement training programs to enhance the team's understanding of credit insurance products and market trends.

Collaboration and Reporting :

- Collaborate with insurance brokers on regular reporting, including overdue reporting and premium calculations for credit insurers.

- Support the reporting of insurance premiums to credit insurers and insurance brokers.

- Provide timely and accurate reporting to internal and external stakeholders on insurance operations.

Product and Market Knowledge :

- Maintain a deep understanding of products in the credit insurance market.

- Stay informed about market trends, regulatory changes, and emerging risks.

Stakeholder Management :

- Develop and maintain working-level relationships with key insurance brokers and credit insurers.

- Support the preparation of insurance-related presentations and reports for senior management.

Strategic Leadership :

- Lead and mentor a team responsible for supporting insurance operations.

- Ensure effective communication and collaboration across all teams involved in insurance operations.