Insurance Specialist (Industrial Risk) – Manufacturing

Job Purpose

Support management of the company's insurance portfolio to ensure adequate risk cover. Execute policy renewals, placements, and claims coordination with insurers, brokers, and internal teams.

Core Responsibilities

Insurance Management

(a) Support in the renewal and/or new placement of corporate insurance policies (such as Industrial All Risk, Marine, Liability, Construction All Risk, Credit, Medical etc) across the Group in various jurisdictions worldwide.

(b) Manage the end-to-end insurance placement process including coordinating with division finance controller and plant engineering teams to arrange risk surveys and asset valuations for insurance purposes. Conduct detailed review of policy wordings, identify coverage gaps and negotiate for improved terms and premium rates with insurers and brokers.

(c) Oversee and manage all major insurance claims. Coordinate with loss adjusters, insurers, brokers, and internal

stakeholders to ensure timely notification, proper documentation, and optimal claim recovery.

(d) Support M&A activities including insurance due diligence and arranging insurance coverage for new projects.

(e) Prepare the annual insurance budget and forecasts. Compare terms and premiums among group companies and analyse loss ratios and market trends to improve renewal outcomes.

Key Interactions

Insurance Brokers, Insurance Companies, Business Finance/Accounting Team, Plant Engineering/Safety Team.

Experience Skills / Knowledge / Competencies Performance Measures

• Minimum of 5-8 years of experience handling insurance in a manufacturing company or insurance broker or insurance companies.

• Strong understanding of policy wordings and claims handling processes.

• Experience dealing with international insurance markets is an advantage.

• Strong verbal and written communication skills in English.

• High attention to detail with strong negotiation, communication and analytical skills.

• IT Skills: Proficient in Microsoft Office (Excel, Word, PowerPoint, Outlook).

• Proactive team player with ability to work independently.

• Timely policy renewals and policy documentation execution

• Premium cost optimization and budget variance control

• Adequacy of coverage and closure of identified gaps

• Claims recovery efficiency and settlement turnaround time

• Stakeholder coordination and regulatory compliance adherence

• Quality of reporting, analysis, and actionable insights

Education Certification / Software Language

• Bachelor's degree in risk management, finance or a related field.

• Insurance related certification

• Proficiency in Microsoft Office

• Compulsory – English, Bahasa