Insurance Manager

About the role

The Insurance Services Head Responsible for the overall management of the Bank's insurance requirements to ensure adequate protection against risks on Bank assets covering functions from inquiry, booking with insurance companies, transmittal and settlement of policies, oversight and management of claims and creation and development of operational processes with proper performance management to optimize individual growth and efficiencies.

How you'll contribute

Analytical and Critical Thinking

1. Reviews reports and analyze budgets, programs, and risk exposures.

2. Provide solutions to effectively implement and manage various functional and interdepartmental

collaboration that will support business objectives relative to insurance requirements.

3. Scan the evolving market trends and offer solutions to adequately address and mitigate risk on bank

assets.

4. Proactively seek productivity enhancement tools and drive automation projects

Client Relationship Management

1. Management of relationships with insurance brokers and insurance companies to maximize

effectiveness in turnaround time commitments and accounts for consideration.

2. Ensures that claims management adequately supports both business and end user claim requirements

Deal Management / Negotiation

1. Coordinates with insurers in order to ensure rates are competitive and claims are processed within

turnaround times.

2. Promotes and maximizes claims made by the Bank.

Financial Analysis

1. Reviews and approve payments, refunds, reversals, and remittances of insurance premium to various

insurance companies and clients.

Governance, Control and Risk Management

1. Reviews MOA, SLA and other related documents and agreements.

2. Administers the department daily activities to ensure compliance with established policies and

procedures.

3. Performance management of the department personnel to foster a cohesive team with strong emphasis

on quality, policy compliant output aligned with the Bank's values.

Information / Records Administration

1. Request insurance requirements for bank properties and special accounts

Performs other related tasks which may be assigned from time to time.

What we're looking for

• Bachelor's degree in Business Administration, Management, Finance, Accountancy, Economics, Banking, or related fields
• Comprehensive knowledge of insurance policies, regulations, risk assessment, and underwriting
• Communication & negotiation skills
• Analytical and critical thinking
• Customer service & client relationships
• Complaints Management / Issue Resolution
• Financial analysis
• Able to communicate effectively, promote collaboration and teamwork to all business units, motivate teammates, handle responsibilities, listen to feedback, and have the flexibility to solve problems

About Security Bank

Security Bank is one of the Philippines best capitalized private domestic universal banks. Established in 1951 and publicly listed with the Philippine Stock Exchange (PSE:SECB) in 1995, our major businesses cover retail, corporate, commercial, and business (MSME) banking.

We're recognized as an Employer of Choice in Philippine banking by various award-giving bodies for our values-based culture, industry-leading engagement and benefits, and commitment to work-life balance.

Most recently, we ranked as the #2 best employer in the Philippines and #54 globally on the prestigious Forbes World's Best Employers 2023 list.

At Security Bank, our approach to Human Capital Management (HCM) is embodied by our Employee Value Proposition (EVP): YOU matter.

Start your BetterBanking career with us today.