Reinsurance Manager
2 weeks ago
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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