Insurance Manager
Nestlé
Lahore, Pakistan
3d ago

Position Summary

Support Nestle Pakistan and Group Risk Services (GRS-Vevey) in implementing the Group Standards for Insurance and Risk Financing at market level.

Assist in the implementation and management of loss prevention programmes in order to reduce the total cost of insured risks.

A day in the life of...

  • Identify company-wide insurance requirements and ensure exposure is mitigated through adequate insurance cover.
  • Ensure risk financing costs are in line with company-wide risk profile
  • Authenticate and inform GRS-Vevey of any major change in Risk Profile e.g. acquisitions, divestments, capital investments, new construction projects and major claims for prompt decision making.
  • Support the Global Property Loss Prevention Programme and follow up on implementation of recommendations"
  • Conduct annual renewal of policies and ensure timely payment for all the insurance categories of market ( i.e Fire, Marin, life and Motor)
  • Negotiate Policy premium rates with local insurance companies
  • Select insurers or service providers for insurance / services that fall outside the scope of global arrangements
  • Review contractual arrangements with 3rd parties to ensure that they are in line with group program / practice"
  • Ensure that robust Claims Handling procedures are in place and are appropriately socialized across the value chain to ensure timely settlement
  • Ensure Policies are in place to reduce non-recoverable losses to the business"
  • Ensure Compliance and Implementation of Local law, global Standard (Global Risk Services-Vevey) on Insurance and Risk Financing.
  • Ensure that Group risk financing programs and / or methods are fully integrated into the local insurance program
  • Ensure Compliance of recommendations of ZRE (Zurich Risk Engineering-Vevey) at all sites (4 factories) and ensure implementation of Global Property Loss Prevention Program.
  • What will make you successful

  • Prior experience with in insurance ( Insurers, reinsurance brokers or as an insurance manager in industry)
  • Prior experience in finance would be beneficial
  • Proficiency in English and language of the market (where applicable)
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