We are seeking a talented individual to join our Treaty Reinsurance (Guy Carpenter) team at Marsh Risk India, a Marsh business. 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.
Executive Vice President/ Vice President
We will count on you to:
Core Job Responsibilities
- Treaty Structuring & Placement: Design and place proportional (Quota Share/Surplus) and non-proportional (Excess of Loss/Stop Loss) treaties, covering entire portfolios rather than individual risks.
- Business Procurement & Relationship Management: Identify, approach, and maintain robust relationships with domestic (e.g., GIC Re) and international reinsurers and brokers.
- Technical Analysis & Risk Assessment: Analyze client underwriting portfolios, loss history, and risk retention philosophy to provide technical data for reinsurance pricing.
- Market Negotiation & Placement: Negotiate competitive treaty terms, including commission, rates, and coverage limits.
- Documentation & Compliance:
Ensure compliance with IRDAI regulations on reinsurance
- Claims & Accounts Management: Assist in claims negotiation, settlement, and premium remittance to ensure proper cash flow between insurer and reinsurer
Core Competencies:
- Client Focus: Understands client needs and delivers tailored solutions that create value and strengthen relationships.
- Communication: Clearly and confidently conveys information, both verbally and in writing, while listening actively and empathetically.
- Collaboration: Works effectively with colleagues across teams and disciplines to achieve shared goals.
- Analytical Thinking: Gathers and interprets complex information, identifies key issues, and proposes practical, well-reasoned solutions.
- Commercial Awareness: Demonstrates understanding of market dynamics and identifies opportunities for business growth.
- Integrity and Accountability: Acts with honesty, transparency, and professionalism; takes