Key Responsibilities:
1. Offer Sourcing & Pricing Analysis
- Request and collect quotations for medical and life insurance plans from multiple insurance companies and brokers.
- Review received offers for accuracy, completeness, and alignment with the company’s requested benefits and structure.
- Negotiate pricing and coverage terms to achieve the best value for the company.
- Prepare detailed comparison sheets outlining differences in premiums, benefits, exclusions, and network coverage between offers.
- Provide professional recommendations based on financial and technical analysis of the received proposals.
2. Insurance Relations
- Establish and maintain strong professional relationships with insurance companies, through regular visits and continuous follow-up.
- Monitor market trends, new insurance products, and benefit enhancements relevant to medical and life coverage.
- Serve as a communication link between internal stakeholders and external insurance partners during the quotation, pricing and issuance stages.
3. Documentation & Reporting
- Maintain organized records of all received quotations, correspondence, and analysis reports.
- Support the preparation of summary presentations for offers proposals and utilization analysis.
- Ensure all documentation complies with company policies and confidentiality requirements.
Qualifications & Experience:
- Bachelor’s degree in Business Administration, Insurance, Finance, or a related field.
- 1 – 2 years of experience in medical or life insurance,
- Strong understanding of insurance pricing, benefits structure, and offers evaluation criteria.
- Experience in preparing analytical comparisons and pricing assessments.
Skills & Competencies:
- Strong analytical and negotiation skills.
- Excellent communication and relationship management abilities.
- Effective attention to detail and accuracy in financial and benefit comparisons.
- Proficiency in Microsoft Excel, PowerPoint, and report preparation.
- Ability to work independently and meet tight deadlines.
Work Environment:
· Field-based role involving frequent visits to insurance companies, and related institutions.
· Minimal office presence; work is primarily focused on external meetings, data collection, and relationship management activities.
