Reinsurance Manager

2 weeks ago


Delhi, India Magma HDI General Insurance Company Limited Full time
Role :-

FAC Outward- Negotiates and arranges reinsurance placements (Facultative) for the Risk Cover for all LOB- Identify and develop relationship with the Reinsurance market / Broker for each LOB

FAC Inward- Liasoning with RI Broker and Insurance Company to acquire new business and manage Renewal business- Liasoning with UW to get the confirmation of risk and bind with respective Insured directly or through RI Broker

Monitors all the aspects of FAC business like- Booking of FAC premium in the RI system- Monitor collection and payment of Premium & GST- Recovery of claims on timely basis- Coordinate with lead RI for Special acceptance and PML guidance- GST Reconciliation and payment / collection- Preparation and Submission of compliance related documentation.- Handling Audits.

Reviews reinsurance programs to identify and report differences in conditions between Risk Cover covers and the reinsurance programs.

Whom the Job Reports to – Lead Reinsurance

Skill Competency: -Good Communication SkillTeamworkInnovative ThinkingGood product knowledge of Property, Marine and Liability
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