Malarvizhi Nadar
Insurance Risk Manager
Summary
Knowledgeable Risk Manager equipped with strategic planning and program leadership abilities cultivated in power generation industry. Proactive with interpreting insurance plans and providing risk management solution by risk transfer via Insurance policies. Committed to propose tailor-fit plans as per organizational need.
Overview
17
17
years of professional experience
3
3
Certificates
3
3
Languages
Work History
Insurance Risk Manager
The Tata Power Company Limited
12.2016 - Current
- Implementing the organization's insurance strategy to ensure optimal coverage and risk mitigation.
- Overseeing the placement of new insurance policies and managing the complete renewal process for the organization, while finalizing insurers based on a comprehensive evaluation of key criteria.
- Preparation of Management Approval Note for Policy Recommendation.
- Preparing yearly Insurance budget forecasts to support strategic decision-making.
- Contributing to the evaluation and review of the organization's employee insurance benefits policies.
- Preparing process documentation, including Enterprise Process Module (EPMs), Standard Operating Procedures (SOPs), and Work Instructions (WIs).
- Active involvement in the preparation for both internal and external Tata Business Excellence Model (TBEM) assessments.
- Managing statutory audits and internal process audits to ensure regulatory compliance and operational efficiency.
- Conducting monthly claims review meetings with the business team to monitor claim status, resolve discrepancies, and communicate the forward plan for effective claim settlement.
- Execution of insurance-related financial entries in SAP, ensuring accuracy and compliance with accounting standards.
- Managing relationships with brokers, TPAs, insurers, and surveyors, ensuring service quality through structured monthly reviews and coordination.
- Facilitating seamless insurance servicing for internal stakeholders including HR, Finance, business units, and employees.
- Site visit with Insurer, Surveyors and brokers for Asset Valuation, Risk inspection and claim survey.
- Conducting policy coverages & claims related awareness session.
- Monitoring various trackers to ensure adequacy of policy coverage, including stock tracker, fixed asset register, and risk valuation tracker, along with essential trackers such as policy and premium payment tracker.
Billing Executive
The Tata Power company Limited
11.2010 - 12.2016
- Oversaw first bill, final bill, bill reversal, joint invoicing, and bill amendment processes, ensuring accuracy and timely execution.
- Managed customer master data handled billing and meter reading queries, and updated system records for new meter installations and replacements.
- Conducted bill quality checks using bill registers and developed billing line-item schemas during MERC tariff revisions.
- Created and maintained Enterprise Process Modules (EPMs), Standard Operating Procedures (SOPs), and Work Instructions (WIs), while managing process-related audits.
- Maintained operational data and prepared MIS reports for daily tracking and monthly departmental review meetings.
Account Assistant
Futuristic Gas Systems Private Limited
04.2009 - 11.2010
- Handled all accounting activities including journal entries, reconciliations, and maintenance of accurate financial records.
- Administered petty cash transactions and performed regular bank reconciliations to ensure financial accuracy.
- Prepared and posted employee salary slips with precision and maintained confidentiality in payroll operations.
- Managed invoice preparation recorded purchase and sales transactions, and processed vendor payments efficiently.
- Prepared VAT summaries and maintained professional tax deduction records in line with statutory requirements.
Accounting Officer
Rolls Royce Marine India Pvt. Ltd.
04.2008 - 04.2009
- Managed all accounting-related activities including journal entries, reconciliations, and financial record maintenance.
- Handled petty cash, prepared and posted salary slips, and maintained records for VAT summaries and professional tax deductions.
- Prepared invoices recorded purchase and sales entries, processed vendor payments, and resolved related queries.
- Maintained employee timesheets and addressed queries from staff and vendors with timely resolution.
- Drafted various official letters and ensured accurate documentation for internal and external compliance.
Education
Bachelor of Commerce -
N.E.S Ratnam Collage
01.2008
HSC - undefined
N.E.S Ratnam Collage
01.2005
SSC - undefined
N.E.S High School
01.2003
Skills
Risk mitigation
Claim reviews
Insurance management
Data analysis
Analytical Thinking
Strategic planning
Internal controls
Decision-making
Negotiation
Root-cause analysis
Trend analysis
Problem-solving abilities
Accomplishments
- 2024, Successfully development and implementation of the 'Portfolio Management' insurance portal for streamlining and management of general insurance policies and claims within the organization.
- 2023, Successful completion of 'Emerging leadership program (ELP)' - A Tata Power Leadership development program in collaboration with TMTC and XLRI.
- 2022, Successful Completion of Aspire a women's Mentoring Program focused on leadership development, career planning, and professional growth.
- 2021, Successfully developed and implemented the 'BenefitMe' insurance portal to support the organization's Employee Benefits scheme and later upgraded to 'BenefitYou' with enhanced features in 2022.
- 2016, Effectively led and mentored the Reduce Complaints Related to Billing project using Lean Six Sigma methodology, resulting in a significant performance improvement within the Distribution Division.
- 2015, Successful Development and implementation of 'Bill correction Module' in SAP - FICA (Project SAARTHI).
- 2015, Successfully completed Laser- a project focused on developing an unbilled tracking mechanism to enhance billing accuracy and operational efficiency.
Certification
Pursuing certification in Insurance from CII, completed unit-LM1
Timeline
Insurance Risk Manager
The Tata Power Company Limited
12.2016 - Current
Billing Executive
The Tata Power company Limited
11.2010 - 12.2016
Account Assistant
Futuristic Gas Systems Private Limited
04.2009 - 11.2010
Accounting Officer
Rolls Royce Marine India Pvt. Ltd.
04.2008 - 04.2009
HSC - undefined
N.E.S Ratnam Collage
SSC - undefined
N.E.S High School
Bachelor of Commerce -
N.E.S Ratnam Collage
Languages
Tamil
English
Hindi
Disclaimer
I declare the information herein is accurate to my knowledge.
Skills Technical
- MS Office
- Tally 9
- MSCIT (90%)
- DTP (Desktop Publishing)
- Photoshop
- C- Programming
- FoxPro
- SAP (FICA)
- Six Sigma (Yellow belt)
Disclaimer
I declare the information herein is accurate to my knowledge.