Reinsurance Manager

2 weeks ago


Mumbai Metropolitan Region, 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 Skill

Teamwork

Innovative Thinking

Good product knowledge of Property, Marine and Liability


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