United States
Sector
Keyword
Insurance Executives
Car Insurance
Motor Insurance
Minimum ? Bachelor?s Degree or Diploma in any discipline (preferably in Finance/Commerce)
Certified training for Finance, Insurance and Registration Coordinator (programme aligned to ASC/Q 1201 released by Automotive Skills Development Council)
Previous relevant work experience
The tasks a Finance, Insurance and Registration Coordinator is expected to perform include:
Handling the financing and insurance of the vehicle prior to its sale
Handling the registration process after the sale of the vehicle at the dealership
Managing the financing and insurance liaison with finance or insurance banks or NBFCs
Proficiency in planning and organizing work for timely insurance and registration
Ability to work effectively as part of a team
Skilled in liaising with banks and non-banking financial companies
Ability to develop incentive structures for sales people to cross-sell insurance and finance
Skilled in interacting with customers to solve their queries
Efficiency in guiding customers to select the right finance or insurance product
Efficiency in co-ordinating finance and insurance processes
Proficiency in the verification process of all documents related to the vehicle
Adept in completion of the registration process after the sale of the vehicle
Physically fit
/
Previous relevant work experience
Ability to work independently and in a team
Hardworking and persistent
Result-oriented
Self-directed learner
Self-motivated
Ability to negotiate
Customer-centric
Good communication skills
It is a desk job
May need to handle a team of Assistants
Local travelling is not a part of this job role
Part-time work and contractual jobs maybe available
Work from home option is not available
Working hours
Working is 9 hours every day for 6 days a week
Overtime is common
Shift system maybe applicable
Is the job suitable for a candidate with special needs?No
One may develop occupational hazards like mental stress, mild discomfort in joints or muscles, etc.
For candidates with 5 years of experience -INR10,000 toINR16,000 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 entitled 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 a 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. This means there will be an increase in job opportunities for Finance Insurance & Registration Coordinators.
Car dealerships
Service and auto parts centres
Car and automotive parts agencies
Cites across India
Will be updated
Delhi Degree College, Badarpur
International Council for Management Studies
Dhruva College of Management
MAEER's MIT School Business
Rajagiri Centre for Business Studies (A CMI Institution)
Karunya Nagar, Coimbatore, Tamil Nadu
Fortune Institute of International Business
Symbiosis Centre for Information Technology (SCIT)
