Insurance Administrator Job Description

Insurance administrator Job Profile and Description

Insurance administrators assist the management in finding out the firm’s possible exposure to financial risk due to liability claims, and accordingly they recommend the most apt insurance coverage as a precaution. The administrator is basically an operational professional and does all the paperwork needed to obtain and maintain that coverage.

Duties and Responsibilities

• The insurance administrator is primarily responsible for assessing a firm’s insurance coverage, giving suggestions, changing terms of the contract or for getting new benefit vendors
• On behalf of the company, he has to process all insurance claims which may include workers’ compensation, liability etc
• He has to carefully maintain all records related to the claims and also submit related to management as required
• He must provide administrative support to the team members
• He must examine the company’s risk liability and assist in risk management
• He must work with insurance group, brokers, and companies with respect to policies, claims, and premiums
• He has to work with all operating firms in order to obtain and provide insurance information and certificates as needed

Skills and Specifications

• Insurance administrators must have excellent math and analytical skills
• They must have good communication skills, both verbal and written and exceptional convincing power.
• They have to be organized and have the right administrative skills
• They must pay attention to details and must go through every minute point
• They may have to work under a lot of pressure and meet strict deadlines
• He should work well in a team and be cordial towards clients

Education and Qualifications

One may go for a bachelor’s degree in commerce or must have a law background. He can also pursue courses in finance and accounting. He needs to have an eye for details and must be aware of the various rules and regulations involved in insurance industry.

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Filed in: Insurance Job Descriptions
Tagged with: Administrator • Insurance Admin