Principal Officer Jobs Opening in SKRLR INSURANCE MARKETING LLP at Vellore
Principal Officer
0 Years 
7500 - 15000 Monthly 
B.Com, BA, MA, BBA/BBM, MBA/PGDM(Banking & Finance, Banking & Insurance & Finance, Banking Finance and Allied Services, Finance, Finance and Business Analytics, Finance and Entrepreneurship & New Venture Creation, Finance and Human Resource Management, International Finance and Accounting, Marketing and Finance), BSc, MSc, PG Diploma, MFT, Other Graduate, Other Post Graduate 
Job Description
Key Responsibilities:
1. Leadership and Management
Lead and manage the entire insurance services team, including underwriters, claims processors, customer service representatives, and risk managers.
Develop, implement, and monitor operational policies and procedures in line with organizational goals and industry standards.
Oversee day-to-day operations of the insurance division, ensuring high standards of service delivery.
Provide ongoing training and development to the team, ensuring they stay up-to-date with industry trends, regulatory changes, and best practices.
2. Compliance and Regulatory Oversight
Ensure the organization complies with all regulatory requirements set forth by insurance regulatory authorities (such as IRDAI in India, or other equivalent bodies worldwide).
Monitor adherence to internal policies, procedures, and relevant legislation concerning insurance products and services.
Prepare and submit mandatory regulatory filings, reports, and documentation as per the legal requirements.
Stay updated on changes in insurance regulations and manage the adaptation of internal processes accordingly.
3. Risk Management and Policy Formulation
Oversee the evaluation and management of risks related to insurance offerings, ensuring that both the company and its customers are adequately protected.
Work closely with the risk management team to assess and mitigate underwriting risks, including reviewing policy terms and claims history.
Formulate and review insurance products and policies, ensuring they are competitive, compliant, and align with market needs.
Develop strategies to mitigate risks and reduce the likelihood of claims or underwriting losses.
4. Customer Relationship and Claims Management
Manage relationships with key clients, brokers, agents, and other stakeholders in the insurance industry.
Ensure that claims are processed efficiently, fairly, and within regulatory time frames.
Address complex customer complaints, ensuring resolutions that satisfy both legal requirements and customer expectations.
Act as the primary point of contact for high-value clients and strategically manage key accounts.
5. Financial and Budgetary Oversight
Oversee the financial operations of the insurance division, including budgeting, forecasting, and financial performance reviews.
Ensure profitability by optimizing operational efficiency, monitoring expenses, and identifying cost-saving opportunities.
Review claims costs, premiums, and underwriting profitability to ensure the division meets its financial targets.
Develop pricing models for insurance products that balance profitability with competitiveness in the market.
6. Reporting and Strategic Planning
Prepare and present periodic reports on operational performance, compliance, claims, and financial health of the insurance services division to senior management or stakeholders.
Develop long-term strategic plans for the growth and expansion of insurance services, including new product offerings, market penetration, and partnerships.
Use data analytics to monitor industry trends, customer needs, and competitor strategies, adapting business models accordingly.
7. New Business Development
Identify opportunities for growth in the insurance market and lead efforts to expand product lines or enter new markets.
Establish new partnerships with brokers, agents, and other third-party distributors to increase market share and sales.
Collaborate with the marketing team to develop and implement promotional strategies that drive insurance product sales.
More information about this Principal Officer Job
Please go through the below FAQs to get all answers related to the given Principal Officer job
- What are the job requirements to apply for this Principal Officer job position?
- Ans: A candidate must have a minimum of fresher as an Principal Officer
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com, BA, MA, BBA/BBM, MBA/PGDM, BSc, MSc, PG Diploma, MFT, Other Graduate, Other Post Graduate
- What are the salary requirements for this job?
- Ans: The salary range is between 7500 and 15000 Monthly. The Salary will depend on the interview. This Principal Officer is a Full Time in Vellore.
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Principal Officer is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Principal Officer position?
- Ans: There are immediate 1 job openings for Principal Officer in our Organisation.
Job Particulars
About Company
Vellore
2 to 3 Years
Salary not disclosed
BA, MA, MBA/PGDM, BSc
Vellore
3+ Years
Salary not disclosed
BBA/BBM, 12th Pass (HSE)
Delhi, Chennai, Vellore
Freshers
Salary not disclosed
B.Com, BBA/BBM, 12th Pass (HSE)
Vellore
1 to 3 Years
Salary not disclosed
B.Com 
