Placement - Employee Benefits

7 days ago


Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time
Job Description

Placement - Employee Benefits

Function Purpose

The Placement Function in our insurance broking company is responsible for ensuring optimal placement of insurance policies for our clients. This function involves liaising with insurance underwriters, analyzing risk profiles, negotiating terms, and securing the most appropriate insurance coverage at competitive rates for our clients.

Role Purpose

The purpose of the Placement Role is to effectively manage the placement process for insurance policies. The role involves analyzing clients&apos insurance needs, identifying suitable insurance products, negotiating terms with insurers, and facilitating the policy placement to provide the best insurance solutions to clients.

Key Expectations of the Role

1. Insurance Product Analysis and Selection:

- Assess clients&apos risk profiles and insurance needs to determine the appropriate insurance products (GMC, GPA, GTL, Critical Illness, Gratuity, OPD & EDLI Policies)
- Analyze various insurance products available in the market and recommend the most suitable ones for clients.

1. Negotiation and Terms Agreement:

- Negotiate policy terms, coverage, and premiums with insurance underwriters to ensure optimal terms for clients.
- Collaborate with insurers to negotiate policy conditions that meet clients&apos requirements while adhering to compliance and regulations.

1. Policy Placement and Issuance:

- Facilitate the smooth placement and issuance of insurance policies for clients.
- Coordinate with internal departments to ensure accurate policy issuance and timely delivery to clients.

1. Client Engagement and Education:

- Engage with clients to provide updates on policy placements and ensure they understand the terms and conditions of their insurance coverage.
- Educate clients on policy features, benefits, and coverage details.

1. Market Research and Trends Monitoring:

- Stay updated on market trends, insurance products, and industry developments to offer informed recommendations to clients.
- Conduct market research to identify emerging insurance products and assess their suitability for clients.

Competencies Required for the Role

1. Insurance Industry Knowledge:

- Possesses a strong understanding of insurance products, policies, underwriting, and industry practices.
- Stays informed about insurance market dynamics, regulations, and emerging trends.

1. Negotiation Skills:

- Demonstrates effective negotiation skills to secure favorable terms and conditions for clients during policy placement.
- Balances the interests of clients and insurers to achieve mutually beneficial agreements.

1. Analytical Thinking:

- Utilizes analytical skills to assess insurance products, evaluate risk profiles, and make informed decisions regarding policy placements.
- Can interpret complex data and information to draw meaningful insights.

1. Client Relationship Management:

- Builds and maintains strong relationships with clients, understanding their needs and delivering exceptional service.
- Listens to clients, provides appropriate advice, and addresses inquiries effectively.

1. Interpersonal Skills: Strong interpersonal skills, including the ability to negotiate, communicate effectively, and collaborate with clients and insurance underwriters.

Personal Qualifications

- Educational Background: A bachelor&aposs degree in business, insurance, finance, or a related field is preferred.
- Experience: Prior experience in insurance placement, underwriting, or related roles within the insurance industry is advantageous.
- Certifications: Relevant certifications in insurance broking or risk management are beneficial.
- Technology Proficiency: Proficient in using insurance management software and Microsoft Office suite (Word, Excel, Outlook, etc.).

  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    Placement - Employee BenefitsFunction PurposeThe Placement Function in our insurance broking company is responsible for ensuring optimal placement of insurance policies for our clients. This function involves liaising with insurance underwriters, analyzing risk profiles, negotiating terms, and securing the most appropriate insurance coverage at competitive...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    We are seeking a highly motivated Employee Benefits Expert to join our team at Anand Rathi Insurance Brokers Ltd. In this role, you will play a key part in delivering exceptional service to our clients by providing expert advice on employee benefits.About the RoleThe purpose of this role is to effectively manage the placement process for insurance policies,...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    Job Requirements:To be successful in this role, you will need to have:1. A strong understanding of insurance products, policies, underwriting, and industry practices2. Effective negotiation skills to secure favorable terms and conditions for clients during policy placement3. Analytical skills to assess insurance products, evaluate risk profiles, and make...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    About the Job:The Placement Function at Anand Rathi Insurance Brokers Ltd is a critical role that ensures optimal placement of insurance policies for our clients. This function involves liaising with underwriters, analyzing risk profiles, negotiating terms, and securing competitive rates.Key Performance Indicators:Secure optimal placement of insurance...

  • Head of Placement

    3 weeks ago


    Mumbai, Maharashtra, India SKS Enterpprises - Human Resource Planning and Management Full time

    Job Title - Head of Placement - NON EB BusinessJob Location - MumbaiIndustry - Insurance BrokingExperience - 10 years+ of relevant experienceResponsibilities:Develop and execute placement strategies for the Non-EB (Employee Benefits) business.Build and maintain strong relationships with corporate partners and hiring organizations.Oversee end-to-end placement...

  • Head of Placement

    2 weeks ago


    Mumbai, Maharashtra, India SKS Enterpprises - Human Resource Planning and Management Full time

    Job Title - Head of Placement - NON EB Business Job Location - Mumbai Industry - Insurance Broking Experience - 10 years+ of relevant experience Responsibilities: Develop and execute placement strategies for the Non-EB (Employee Benefits) business. Build and maintain strong relationships with corporate partners and hiring organizations. Oversee end-to-end...


  • Mumbai, Maharashtra, India Godrej Properties Limited Full time

    Job Description:We are looking for an Employee Rewards and Benefits Coordinator to join our HR team at Godrej Properties Limited. As a key member of the team, you will be responsible for coordinating the execution of rewards and benefits programs, including incentives. You will also work closely with the HR Systems Management team to ensure that HRMS data is...


  • Navi Mumbai, Maharashtra, India Sika Full time

    About the Role">The successful candidate will have extensive experience in compensation and benefits management, including developing and maintaining competitive compensation structures, administering employee benefits programs, and ensuring compliance with local, state, and federal regulations. They will also possess strong analytical skills, excellent...


  • Mumbai, Maharashtra, India M&G Full time

    Accountabilities/Responsibilities Support the accurate accounting & reporting for all employee benefits programs – including LTIPs & STIPs, bonuses, payroll and ensuring postings are accurate and timely manner. Assist in the preparation of employee benefits calculations, ensuring it is conducted in a timely manner. Keeping records of up to date...

  • Placement Specialist

    2 weeks ago


    Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    PlacementFunction PurposeThe Placement Function in our insurance broking company is responsible for ensuring optimal placement of insurance policies for our clients. This function involves liaising with insurance underwriters, analyzing risk profiles, negotiating terms, and securing the most appropriate insurance coverage at competitive rates for our...

  • Placement Specialist

    2 weeks ago


    Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    Job DescriptionPlacementFunction PurposeThe Placement Function in our insurance broking company is responsible for ensuring optimal placement of insurance policies for our clients. This function involves liaising with insurance underwriters, analyzing risk profiles, negotiating terms, and securing the most appropriate insurance coverage at competitive rates...

  • Placement Coordinator

    3 weeks ago


    Mumbai, Maharashtra, India Mrwebsecure Infosolutions Private Limited Full time

    Job DescriptionCompany DescriptionMrwebsecure Infosolutions Private Limited is a leading certification training provider in India, specializing in cybersecurity. Their practical hands-on training programs are designed to prepare candidates for real-life industry challenges. They conduct workshops and seminars on information security and ethical hacking...

  • Placement Specialist

    2 weeks ago


    Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    PlacementFunction PurposeThe Placement Function in our insurance broking company is responsible for ensuring optimal placement of insurance policies for our clients. This function involves liaising with insurance underwriters, analyzing risk profiles, negotiating terms, and securing the most appropriate insurance coverage at competitive rates for our...


  • Mumbai, Maharashtra, India WILLIS TOWERS WATSON Full time

    About Willis Towers WatsonOur unique perspective across talent, assets, and ideas unlocks potential for our clients. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals.KPI ManagementIn this role, you will communicate effectively with...


  • Mumbai, Maharashtra, India Dwarkadas J. Sanghvi College of Engineering Full time

    Job DescriptionJob Description ofTraining and Placement Assistant (TPA)Education qualification:The candidate must hold a Bachelor Degree in Science /Arts/Commerce with relevant experience in an Academic setup.Job Responsibilities of TPA:1. To assist in the registration process (SAP portal) of the students for placement process.2. To assist in arranging and...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    We are seeking a highly skilled Policy Placement Expert to join our team at Anand Rathi Insurance Brokers Ltd. The successful candidate will be responsible for ensuring optimal placement of insurance policies for clients.This role requires a strong understanding of insurance products, policies, underwriting, and industry practices. The candidate will work...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    Job Title: Insurance Placement Specialist Location: Our insurance broking company Job Summary: We are seeking an experienced Insurance Placement Specialist to join our team. In this role, you will be responsible for ensuring optimal placement of insurance policies for our clients. You will work closely with insurance underwriters, analyze risk profiles,...


  • Mumbai, Maharashtra, India NES Fircroft Full time

    Job DetailsWe are seeking an experienced and motivated individual to fill the role of Placement Support Expert. As a Placement Support Expert, you will provide administrative support to the sales team and take ownership of key administrative duties relating to the placement approval process.The ideal candidate will have strong organizational skills,...


  • Mumbai, Maharashtra, India Anand Rathi Insurance Brokers Ltd Full time

    Role Purpose:The purpose of this role is to effectively manage the placement process for insurance policies. The successful candidate will be responsible for analyzing clients' insurance needs, identifying suitable general insurance products, negotiating terms with insurers, and facilitating the policy placement to provide the best insurance solutions to...


  • Mumbai, Maharashtra, India Marsh McLennan Full time

    We are seeking a talented individual to join our Placement team at Marsh. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office. Specialist – Placement We are seeking a Specialist – Placement who will provide essential support to Client Executives and Brokers, facilitating the...