Reinsurance Manager

6 days ago


Mumbai, Maharashtra, India Liberty General Insurance Full time ₹ 20,00,000 - ₹ 25,00,000 per year
Job Description

Description

Primary Responsibilities KRAs

  1. Reinsurance Accounting and Analytics, which includes accumulation tracking and payment & recovery management

  2. Treaty Renewal Activities:

    • Preparation of infopack for treaty renewals as required by reinsurers/brokers.
    • Analysis of the CAT Modelling report & working out CAT limit to be purchased.
    • Quote comparison & analysis
    • Analysis of Treaty Terms & Conditions & Co-ordinating with respective underwriters.
    • Compliance of order of preference
    • Reinsurance Programme Set up in all systems viz GC and Health Buzz
  3. Treaty Management:

    • Treaty slips / endorsement slips management
    • Calculation of XOL Claims Recovery, Cash Call Recovery, Sliding Scale Commission, Loss Corridor, Profit Commission, Adjustment Premium, etc.
    • Tracking of Treaty Achievements & Performance
  4. Facultative Management

    • Facultative Inward Overview the process and have checks and balances in place
    • Facultative Outward Placement Seeking quotes from various reinsurers, negotiation, clarification of queries, etc.
    • Preparation & Maintenance of Fac Slips / Endorsements
    • Compliance of order of preference
  5. Compliance - Governance & Control

    • IRDA Reports submission Annual, Half Yearly, Adhoc
    • Compliance of Reinsurance Regulations
    • Adherence to GRM protocol for reports and compliance
    • Providing data / clarification sought by GRS

Competencies

  • Communication & Interpersonal Skills
  • Product Understanding
  • Team Management & Development

Experience

  • No of years: 5 to 7 years
  • Type of Industry: General Insurance
  • Specific knowledge of treaty placement and administration
  • Business Understanding
Qualifications

Graduation

About Us

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. Thats why we provide an environment focused on openness, inclusion, trust and respect. Here, youll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a Great Place to Work by Great Place to Work US for the past several years. We were also selected as one of the 100 Best Places to Work in IT on IDGs Insider Pro and Computerworlds 2020 list. For many years running, we have been named by Forbes as one of Americas Best Employers for Women and one of Americas Best Employers for New Graduatesas well as one of Americas Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: Diversity, Equity, and Inclusion

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: Benefits

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veterans status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Locations - Mumbai, MH, India


  • Reinsurance Manager

    2 weeks ago


    Mumbai, Maharashtra, India SBI General Insurance Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    We, at SBI General Insurance are looking for candidates who want to build their career in General Insurance Industry. This is a full time work from office opportunity.Job Role: Reinsurance ManagerJob Location: Andheri EastKey Skills: Looking for candidates having min 2 years of experience in Reinsurance - Treaty activities with General Insurance company.Role...


  • Mumbai, Maharashtra, India Basil Hotels & Hospitality Services Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job Title:AGM / Deputy General Manager (DGM) – Sales/Business DevelopmentLocation:MumbaiPosition Type: Full-TimeKey Responsibilities:KRA / KPIIndividual contributor role reporting into Branch Head Mumbai to achieve organizational sales targets.Develop and implement sales strategies for Non-Employee Benefits (Non-EB) products (Property, Engineering,...


  • Mumbai, Maharashtra, India Mathsons Re-Insurance Brokers Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Company DescriptionMathsons Re-Insurance Brokers Pvt. Ltd. is one of India's leading reinsurance broking firms, established in 1973.Mathsons is licensed and regulated by IRDAI since 3 March 2003.The company has rapidly evolved from a small family business to a growing corporate entity, expanding its global presence. Under the leadership of Mr. Bipin...

  • Manager

    6 days ago


    Navi Mumbai, Maharashtra, India Evoke HR Solutions Pvt. Ltd. Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Position : ManagerExperience : 5+ YearsLocation : Navi MumbaiIndustry : BFSIKey Responsibility :Medical and financial Underwriting within financial authority limits.Judicious assessment of risk through meticulous underwriting.Referral of high sum assured cases to reinsurer with all requirements and decisions.Interaction with Regional Underwriting...

  • Senior Manager

    6 days ago


    Mumbai, Maharashtra, India Mercer Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We are seeking a talented individual to join our Actuarial team at Marsh Mc Lennan. 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.We will count on you to:Contribute to developing an inclusive work environment that respects and values differences of background, experience,...

  • Senior Manager

    1 week ago


    Mumbai, Maharashtra, India Murugappa Group Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role & responsibilities:UnderwritingUnderwrite risks after careful evaluation to minimize possible losses through moral hazard, bad profile etc.Handle competitive pressures ; Price non-tariff risks in accordance with the risk profile and tariff risks in accordance with the relevant tariff provisionEnsure policy and underwriting documentationDefine and...

  • CA - Accounts

    1 week ago


    Mumbai, Maharashtra, India Independent Consultant Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Key Responsibilities1.Reinsurance AccountingManage all aspects of reinsurance accounting including:Premiums receivable/payable.Claims recoveries and settlements.Treaty and facultative reinsurance entries.Reconciliation of reinsurance accounts with reinsurers and brokers.Ensure compliance with IRDAI (Insurance Regulatory and Development Authority of India)...

  • Lead Specialist

    2 weeks ago


    Mumbai, Maharashtra, India crescendo global Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job Description Lead Specialist - Reinsurance & Placements (7 Years) Location: MumbaiDiscipline: ReinsuranceJob type: PermanentContact name: Sonaly SharmaContact email: Job ref: 79540Published: about 12 hours ago Are you a seasoned professional with over 7 years of experience in reinsurance and placements, ready to take your career to the next level?...


  • Mumbai, Maharashtra, India Basil Hotels & Hospitality Services Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    1.     Senior Position – Facultative (Oil, Gas & Energy)Experience: 10–15 years in reinsurance with strong domain expertise in oil, gas, power, and energy sectors.Location: MumbaiKey Responsibilities:Lead facultative reinsurance placement for upstream, midstream, and downstream oil & gas, and renewable energy projects.Assess risk profiles for large...


  • Mumbai, Maharashtra, India Hipotz Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role & responsibilitiesTo conduct and manage the group pricing actuarial function and group products. To comply with various IRDAI regulations as applicable for the line of businessGroup Term Life Quotation PricingEnsuring to set the pricing strategy / assumptions / methodology for the group term life line of businessPricing model updates from time to...