Sector
Automotive
Keyword

Car Insurance Manager

Car Finance Manager

Automotive Retail Manager

Minimum? B.E. or B. Tech in any discipline

Certified training for Regional Retail Finance and Insurance Manager (programme aligned to ASC/Q 0401 released by Automotive Skills Development Council)

Experience of 4 -10 years in theautomotive industry in motor finance and insurance for graduates or postgraduates

The tasks a Regional Retail Finance and Insurance Manager is expected to perform include: Assisting and supervising in financing processes of the automobile units Managing the overall dealership network of the region

Proficiency in designing and supervising the financial framework of the unit

Efficient in successful implementation of the framework at automobile units across the dealership network

Skilled in managing finance and insurance operations

Effective in planning and organizing work to meet expected outcomes

Efficient in maintaining a healthy, safe and secure working environment

Knowledge of the latest technological advancements

Physically fit

/

Postgraduate Degree or Diploma in Business Administration

On-the-job training is desirable for ASDC Regional Finance and Insurance Manager Level 6 certificate holders

Ability to work independently

Hardworking and persistent

Result-oriented

Self-directed learner

Self-motivated

Problem solvingskills

Strong communication skills

Computer literacy

Team player

It is not a desk job

May or may not require supervising Assistants and Personnel

Travelling maybe a part of this job role

Part-time jobs maybe available

Work from home is not available

Working hours

Working is 9 hours every day for 6 days a week

Overtime is common

Being self-employed is also an option. In this case, the working hours and days will be flexible

Shift system maybe applicable

Is the job suitable for a candidate with special needs?No

One may develop occupational hazards like constant contact with machine parts, physical and mental strain, etc.

Health risks include exposure to extreme temperatures, chemicals, gases, etc.

For freshers ?INR21,000 toINR30,000 per month

For candidates with experience -INR34,000 toINR76,000 per month

(These figures are indicative and subject to change)

Trends in the Indian Auto Insurance Industry

The general insurance scenario in India is quite competitive with some leading national and multinational companies having established their operations. The presence of multinational companies in India is by way of joint ventures with leading financial institutions and companies with a diversified line of business. There are approximately nine major participants in the general insurance sector that have a direct set-up in India, including four subsidiaries of the General Insurance Corporation of India. Some foreign companies sell their products in India through outsourced entities present in India.

Auto insurance policies marketed in India are third party (act only policy) and comprehensive (package) insurance policies. Both policies are significantly different in terms of theentitled beneficiary, though the purpose served is the same: insuring. Under a comprehensive insurance, one protects his/her vehicle from all damages covered and as permissible under the specifications laid by IRDA (Insurance Regulatory and Development Authority). In the case of third party insurance, the person other than the vehicle owner, who is exposed to the risk of accident from such vehicle being driven, is insured.

Comprehensive insurance policy and third party insurance policy, respectively, contribute 70 percent and 30 percent of the total gross premium revenues generated from motor vehicle insurance. Comprehensive insurance covers third party insurance as well. Hence, the revenue contribution of 30 percent generated from third party insurance includes third party insurance premium included in the comprehensive insurance premium.

Self-employed

Manufacturing units

Car companies

Car dealerships owned by manufacturers

Cities across India