Siddhartha Insurance Limited & Premier Insurance Co. (Nepal) Limited have merged together and formed new insurance company with name Siddhartha Premier Insurance Limited. Siddhartha Premier Insurance Limited have started joint operation from 1st of March 2023.

VACANCY NOTICE
Siddhartha Premier Insurance Ltd.

1. Sr. Officer Claims –Civil Works Unit

Job scope: The job involves assessing, evaluating, and processing claims related to construction projects, infrastructure damage and property-related issues. Technical expertise in the construction sector ensures accurate and fair claim settlements for civil engineering-related loss.

Job Description:
- Inspect damaged structures, construction sites or civil works (e.g., buildings, bridges, roads, pipelines) to assess the extent of damage and determine repair or reconstruction costs.
- Verify the cause of damage (e.g., natural disasters, construction defects, accidents or fire) and ensure it aligns with the policy coverage.
- Evaluate whether the structure or project is repairable or a total loss (write-off).
- Work with the investigation team to resolve suspicious claims.
- Analyze repair or reconstruction estimates provided by contractors, engineers or construction firms for accuracy and fairness.
- Ensure compliance with insurance policy terms and conditions.
- Identify fraudulent claims by examining damage, construction records and project documentation
- Prepare detailed inspection reports, including photographs, diagrams and repair/reconstruction estimates.
- Maintain accurate records of claims, assessments and settlements.
- Collaborate with surveyors, contractor and policyholders to gather necessary documentation
- Recommend claim settlements based on the assessment and policy terms.
- Negotiate with contractors, construction firms and policyholders to reach a fair settlement.
- Ensure timely processing and payment of claims.
- Communicate with policyholders to explain the assessment process and settlement details.
- Address technical queries related to structural damage, repairs and reconstruction
- Ensure all claims are processed in compliance with regulatory guidelines and company policies.
- Stay updated on industry standards, construction techniques and advancements in civil engineering.
- Identify red flags in claims, such as exaggerated damage, poor construction practices or false documentation.
- Risk assessment to estimate Probable Maximum Loss (PML) and provide insights on risk factors to underwriting department.

Job specification:
- Bachelor’s degree in Civil Engineering or a related field.
- Strong knowledge of civil engineering principles, construction methods and materials.
- Prior experience of 3 years in civil engineering, construction or infrastructure projects is preferred.

2. Sr. Officer Claims –Industrial plants and Machinery Unit

Job scope: The job involves assessing, evaluating, and processing claims related to industrial equipment, machinery, and plant asset Technical expertise in the automobile sector ensures accurate and fair claim settlements for complex mechanical system.

Job Description:
- Inspect damaged plants, machinery and industrial equipment to assess the extent of damage and determine repair or replacement costs.
- Verify the cause of damage (e.g., mechanical failure, operational error, natural calamity or fire) and ensure it aligns with the policy coverage.
- Evaluate whether the equipment is repairable or a total loss (write-off).
- Analyze repair or replacement estimates provided by vendors, manufacturers or repair centers for accuracy and fairness.
- Ensure compliance with insurance policy terms and conditions.
- Identify fraudulent claims by examining damage, maintenance records and operational logs.
- Prepare detailed inspection reports, including photographs, diagrams and repair/replacement estimates.
- Maintain accurate records of claims, assessments and settlements.
- Collaborate with surveyors, vendors and policyholders to gather necessary documentation.
- Recommend claim settlements based on the assessment and policy terms.
- Negotiate with vendors, repair centers and policyholders to reach a fair settlement.
- Ensure timely processing and payment of claims.
- Communicate with policyholders to explain the assessment process and settlement details.
- Address technical queries related to machinery damage, repairs and replacements.
- Provide support during the claim process to ensure customer satisfaction.
- Ensure all claims are processed in compliance with regulatory guidelines and company policies.- Conduct periodic audits of claims to maintain quality and accuracy.
- Stay updated on industry standards, repair techniques and advancements in plant and machinery technology.
- Identify red flags in claims, such as exaggerated damage, lack of maintenance or false documentation.
- Work with the investigation team to resolve suspicious claims.
- Risk assessment to estimate Probable Maximum Loss (PML) and provide insights on risk factors to underwriting department.

Job specification:
- Bachelor’s degree in Industrial Engineering/Mechanical Engineering or a related field.
- Strong knowledge of mechanical systems, industrial machinery, and plant operations.
- Prior experience of 3 years in mechanical engineering, plant maintenance, or machinery repair is preferred.

3. Senior Officer – Claims (Automobile Unit)

Job scope: The job involves assessing, evaluating, and processing claims related to vehicle damage or accidents. Technical expertise in the automobile sector ensures accurate and fair claim settlements.

Job Description:
- Inspect damaged vehicles to assess the extent of damage and determine repair costs.
- Verify the cause of damage (e.g., accident, natural calamity, theft or fire) and ensure it aligns with the policy coverage.
- Evaluate whether the vehicle is repairable or a total loss (write-off).
- Analyze repair estimates provided by garages or repair centers for accuracy and fairness.
- Ensure compliance with insurance policy terms and conditions.
- Identify fraudulent claims by examining vehicle damage, accident reports and other evidence.
- Prepare detailed inspection reports, including photographs, diagrams and repair estimates.
- Maintain accurate records of claims, assessments and settlements.
- Collaborate with surveyors, garages, and policyholders to gather necessary documentation.
- Recommend claim settlements based on the assessment and policy terms.
- Negotiate with repair centers and policyholders to reach a fair settlement.
- Ensure timely processing and payment of claims.
- Communicate with policyholders to explain the assessment process and settlement details.
- Address technical queries related to vehicle damage and repairs.
- Provide support during the claim process to ensure customer satisfaction.
- Ensure all claims are processed in compliance with regulatory guidelines and company policies.
- Conduct periodic audits of claims to maintain quality and accuracy.
- Stay updated on industry standards, repair techniques, and automotive technologies.
- Identify red flags in claims, such as exaggerated damage, staged accidents or false documentation.
- Work with the investigation team to resolve suspicious claims.

Job specification:
- Bachelor’s degree in Automobile Engineering/Mechanical Engineering or a related field.
- Strong knowledge of vehicle mechanics, repair processes and automotive systems.
- Prior experience of 3 years in automobile engineering, vehicle repair or insurance claims is preferred.

Application Deadline for all above positions : 2 April 2025

HOW TO APPLY
click [ HERE ] to view official vacancy notice for more details and application procedure.