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 solid 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.

📌 Manager / Senior Manager – Reinsurance Placement & Operations (Marine) (Mumbai)
🏢 SKS Enterpprises - Human Resource Planning and Management
📍 Mumbai