Facultative Re-Insurance
2 weeks ago
Description
Principal Duties/Responsibilities
Process & client service management
- Client Management: Handle a portfolio of clients in collaboration with NA client service teams
- Client Support: Assist Client Advocacy colleagues in preparing, reviewing, and managing tasks related to North America Risk & Broking – Property and Casualty insurance renewals, including document and data management.
- Collaboration: Work with functional and client management teams to finalize deliverables. Eg. Loss Runs, COPE details, Exposure information, Policy Documents delivery, Premium finance, Accounting & Settlement issues, Summaries of Insurance to ensure clients understand their coverage, Schematics, Certificates, etc
- Meetings: Arrange and facilitate internal / external strategy meetings (with clients) for policy renewals, preparing minutes and supporting coordination between Advocacy and Broking teams.
- Proposal Process: Participate in drafting proposals, ensuring data accuracy for client submissions, and following up with carriers on binding confirmations.
- Tax Filing: Collaborate with the service teams and client teams to ensure timely tax filings, avoiding penalties for late or incorrect submissions. Process Quality management
- Quality Assurance: Aid in quality control and continuous improvement, publishing quality metrics, and ensuring compliance with regulations and internal standards.
Principal Duties/Responsibilities
- Escalation Management: Manage escalations effectively by collaborating with stakeholders and leading root cause analysis to prevent future issues. People Development:
- Training & Mentorship: Train and mentor new and existing team members, evaluate training programs, and facilitate internal learning solutions.
Top 5 Competencies
- Communication
- Problem-Solving
- Adapts to Change
- Influencing Stakeholders
- Developing Talent
Qualifications
Qualifications:
- Graduate – Banking, Finance, Insurance related courses (Preferred)
- Any insurance qualification (Preferred)
Skills
- MS Office i.e., MS Teams, Excel, Powerpoint, etc.
- Interpersonal Skills
- Working in Teams
- Driving Excellence
- Dealing with ambiguity
Knowledge And Experience
- 6 to 7 years for experience in the Insurance renewal cycle business
- Experience in conducting technical process related trainings on a one-to-one basis (Preferable)
- US insurance experience (Mandatory)
- Understanding of the end-to-end insurance renewal cycle and its stages
- Thorough knowledge and understanding of various insurance documents
- An understanding of catastrophe modelling will be useful
-
Senior Facultative Reinsurance
2 weeks ago
Mumbai, Maharashtra, India Independent Consultant Full time ₹ 9,00,000 - ₹ 12,00,000 per yearSenior Position – Facultative (Aviation)Experience: 10–15 years in aviation insurance underwriting/reinsurance with focus on facultative placements.Location: MumbaiKey Responsibilities:Lead facultative placements for commercial airlines, cargo operators, MROs, airports, and aerospace manufacturers.Evaluate aviation risk exposures, liability coverage, and...
-
Reinsurance - Life Insurance & Health
4 weeks ago
Mumbai, Maharashtra, India Edme Insurance Brokers Full timeLooking for candidates in Reinsurance Structuring & Placement in Life Insurance or Health insurance in Mumbai.should have experience in Insurance Broking / Life Insurance / Health Insurance into Reinsurance sales & PlacementInterested candidates can reach out to neetu.b@edmeinsurance.comReinsurance Structuring & Placement- Design and implement facultative...
-
Account Compliance
1 week ago
Mumbai, Maharashtra, India Serving Skill Full time**Education - CA Fresher / CMA Fresher / MBA Fresher** CTC: 8 LPA FIXED AND 1 L JOINING BONUS Job Description: Re-Insurance function Automation of Manual closing activities & RI payments Monthly closure of books of accounts To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery) Terrorism pool / Nuclear pool & fair NAT CAT pool...
-
Reinsurance Accounting
1 week ago
Mumbai, Maharashtra, India Serving Skill Full timeQualification - GraduationRole & Responsibilities - Re-Insurance function - To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery) - Monitor / Control over re-insurance payment - Automation of manual activities & process improvement - Re-insurance GST / TDS compliances - Monthly Reconciliation over RI accounting - Control over RI...
-
Novo Insurance
4 weeks ago
Mumbai, Maharashtra, India Novo Insurance Broking Services Private Limited Full timeNovo Insurance Broking Services is an IRDAI-licensed, fast-growing insurance broking company, offering innovative insurance and reinsurance solutions to corporates across industries. We are expanding our reinsurance vertical and looking for a Reinsurance Business Development Manager to drive growth and build strong relationships with clients and...
-
Treaty Reinsurance
2 weeks ago
Goregaon East, Mumbai, Maharashtra, India Serving Skill Full timeSenior Manager/Chief Manager/ AVP / DVP - Treaty & Facultative **Responsibilities**: Finalization and renewal of treaties Review of treaty / portfolio performance Exploring new markets for reinsurance support, guiding the department in getting the best terms from various markets Obtaining details of new covers coming up in various...
-
Senior Reinsurance Sales and Placement
4 weeks ago
Mumbai, Maharashtra, India RightMatch HR Services Private Limited Full timeThe role is with a leading General Insurance Broking Firm in Mumbai.About the Role:Design and implement facultative and treaty reinsurance solutions for Life and Health insurance portfolios.Responsibilities:Collaborate with domestic and international reinsurers to secure competitive terms and comprehensive coverage.Develop reinsurance programs that meet both...
-
Senior Reinsurance Sales and Placement
1 week ago
Mumbai, Maharashtra, India RightMatch HR Services Private Limited Full time US$ 90,000 - US$ 1,20,000 per yearThe role is with a leading General Insurance Broking Firm in Mumbai.About the Role:Design and implement facultative and treaty reinsurance solutions for Life and Health insurance portfolios.Responsibilities:Collaborate with domestic and international reinsurers to secure competitive terms and comprehensive coverage.Develop reinsurance programs that meet both...
-
Senior Reinsurance Leader
1 week ago
Mumbai, Maharashtra, India Mahindra Insurance Brokers Full timeLocation: DIFC, Dubai. Experience: 12+ years in Reinsurance. Are you a reinsurance veteran with a strong network across the Middle East?. MIBL Reinsurance is looking for a dynamic leader to spearhead our Dubai operations and drive strategic expansion across the region. Key Responsibilities:- Lead business growth across Treaty, Facultative, and MGA segments.-...
-
Treaty Reinsurance Insurance Broker
13 hours ago
Dadar, Mumbai, Maharashtra, India Serving Skill Full timeFloat Reinsurance submissions (Treaty & Facultative) into the international reinsurance marketsCo-ordinations, follow-ups with reinsurance, insurance marketsPreparation of Debit/Credit Notes for international and national business closuresAssisting company's International and National offices on vertical LOBs enquiriesIdentification of right country/clients...