Risk Finance Management Duties
- Assists the Risk Finance Supervisor in ensuring completeness of the documents and values for insurance renewal submitted at least 30 days prior to expiration of existing policy.
- Coordinates with accounting and other department to determine the updated list of assets with corresponding sum insured values.
- Maintains insurance registry requirement through regular property appraisal and monthly monitoring of acquisition and disposal of assets.
- Liaises and assists internal and external Risk Surveyors, asset valuation surveyors and appraisers.
- Assists the Risk Finance Supervisor in securing proposals from accredited suppliers for insurance coverage in coordination with AEV Risk Finance team.
- Monitors and maintains approved insurance policies are incepted, implemented and paid on a timely manner.
- Monitors and maintains risk engineering survey files to ensure that is updated regularly by the relevant stakeholders.
- Assists the Risk Finance Supervisor on the conduct of insurance briefings to relevant stakeholders at the sites to ensure understanding of the approved insurance policy.
- Assists in securing and maintaining the necessary information for the preparation of risk management reports including but not limited to the following:
- Status of insurance claims
- Motor car insurance claims
- Insurable risk maps
- Risk engineering progress reports
- Total cost of insurable risk
- Assists the Risk Finance Supervisor in providing the necessary insurance support, education, and training to the Food Group Management and Staff.
- Keeps abreast with new developments and advances on the enterprise risk management industry practices, quality and environmental management technology through magazines/periodicals, and attendance to relevant seminars and conferences.
Insurance Claims Management Duties
- Coordinates with relevant stakeholders at the sites to ensure that all incidents are reported immediately.
- Monitors and follows up all requirements and information needed to support claims are submitted to the insurance providers within the prescriptive period.
- Monitors and follows up that the claims settlement is collected as soon as claim evaluation is done and finalized according to policy terms and conditions.
- Assists the Risk Finance Supervisor on the consistent implementation of established incident reporting and insurance claims process and methodologies.
Others:
- Actively participate in all company programs and activities under quality improvement, safety & security, sustainability, corporate social responsibility, risk management etc.
- Performs other tasks related to the job as may be assigned by the immediate superior.
- Checks and updates the documentation of risk finance policies, procedures and standard operating procedures in line with the Food Group’s standard documentation system.
- Oversees and manages logistics and administrative requirements of risk finance activities such as, but not limited to the following:
- Appraisal activities
- Risk engineering surveys
- Asset valuation surveys
- Insurance briefing and orientations
- Performs other tasks as maybe assigned from time to time from other risk management programs such as but not limited to the following:
- Enterprise Risk Management
- Business Continuity Management
- Information Security Management
- Appointed membership to committees whenever necessary.
- Participates in current and futures business initiatives such as Partners in Leadership, Risk Management, CRM, Comrel, IBP, Safety, ISO, Branding, ISMS, etc.
