Manager / senior manager - reinsurance placement & operations (marine)

Manager / Senior Manager – Reinsurance Placement & Operations (Marine)

Location: Mumbai

Industry: Insurance Broking

Function: Reinsurance – Marine Placement & Operations

Experience: 5–12 years

Compensation: Up to ₹25 LPA

Level: Manager / Senior Manager

Role Overview

We are looking for an experienced Reinsurance professional with strong expertise in Marine insurance , covering both reinsurance placement and operations . The role will involve managing end-to-end facultative reinsurance placements, coordinating with insurers, reinsurers and internal stakeholders, and ensuring smooth execution of documentation and post-placement activities.

Key Responsibilities

Manage end-to-end Marine Facultative Reinsurance placements , from receiving submissions to final binding. Analyse Marine risks, underwriting information, policy terms, limits, deductibles and exposure details. Prepare and review reinsurance slips, submissions, quotations, debit/credit notes, cover notes and other placement documentation . Approach and negotiate with domestic and international reinsurers for optimal terms and pricing. Coordinate with cedants, insurers, reinsurers and internal teams throughout the placement cycle. Handle reinsurance operations and post-placement servicing , including documentation, premium processing, endorsements, renewals and cancellations. Follow up for reinsurance confirmations, signed lines, policy documentation and closing documents . Coordinate with finance/accounts teams for premium settlements, collections and related reconciliations. Support Marine reinsurance renewals and maintain strong relationships with reinsurers and market contacts. Ensure compliance with applicable regulatory, documentation and internal process requirements. Maintain accurate records, placement trackers and MIS related to Marine reinsurance business. Guide junior team members and support the team in meeting placement and operational timelines.

Mandatory Requirements

5–12 years of relevant experience in Reinsurance, preferably within an insurance/reinsurance broking company . Strong and hands-on experience in Marine Reinsurance – Placement & Operations . Should have independently handled Marine Facultative Reinsurance placements . Strong understanding of the complete reinsurance placement lifecycle, including submission, negotiation, placement, binding and post-placement operations . Experience dealing with reinsurers / reinsurance markets and negotiating terms. Good understanding of Marine insurance risks, policy structures, limits, deductibles and reinsurance terms & conditions . Strong documentation and operational expertise, including slips, endorsements, debit/credit notes, confirmations and closing documentation . Excellent coordination and stakeholder-management skills. Candidates currently working with insurance/reinsurance broking firms will be preferred. Must be comfortable working from Mumbai .

Education & Qualification

Graduate in any discipline from a recognised university. Insurance/reinsurance qualifications such as AIII, ACII, CII, III certification or equivalent would be an advantage. Relevant professional certifications in Marine Insurance/Reinsurance will be preferred.