01Overview
Contracts Manager:
This role demands strengthening the Company's Insurance and Risk Management framework. Expertise spans insurance placement, claims management, risk assessment, policy structuring, compliance, and stakeholder management across Tata Realty, Tata Housing, subsidiaries, joint ventures, road projects, hospitality assets, commercial developments and international projects.
- Strategic negotiations, innovative policy structuring and market benchmarking.
- Successfully settle insurance claims, securing recoveries.
- Ensure timely placement and renewal of over 100 insurance policies annually without any lapse in coverage.
- Handle several complex, disputed and high-value claims by directly coordinating with insurers, surveyors and brokers, resulting in substantial financial recoveries.
- Drive multiple initiatives involving policy gap analysis, project valuation, risk inspections and innovative placement of risks in the reinsurance and international insurance markets to optimize costs and improve coverage.
- Governance standards, audit compliance, IFC or compliance observations relating to insurance operations.
- Complex claim recoveries and negotiations.
- Annual insurance renewal strategy.
- Policy wording reviews and coverage optimization.
- Risk assessment and mitigation initiatives.
- Training and mentoring of internal teams.
- Cost optimization and premium negotiations.
- Continuity of relationships with insurers, brokers and surveyors.
- Timely recording/booking of Financial Transactions in SAP.
Major KRA:
1. Financial Value Creation:
2. Claims Management & Recovery Performance:
3. Policy Management:
4. Governance & Compliance:
5. Innovation & Strategic Contributions:
6. Stakeholder Network:
Foster relationships with Major Insurers, Reinsurers, Brokers, Surveyors, Risk Consultants, Valuation Agencies, Internal Project Teams & Finance & Treasury Teams. .
