Reinsurance FAC /n Company: Unilight Insurance Brokers Pvt. Ltd. /n Location: Mumbai /n Experience: Minimum 5 Years /n Travel: Open to extensive travel /n About the Role /n The Reinsurance FAC professional will be responsible for managing Facultative Reinsurance placements, including business development, risk analysis, market placement, insurer/reinsurer coordination, negotiations, documentation, and portfolio servicing. The role requires strong technical knowledge of facultative reinsurance, excellent market relationships, and the ability to manage placements from enquiry to closure. /n Key Responsibilities /n Facultative Reinsurance Placement /n /n

- Handle end-to-end Facultative Reinsurance placements across relevant lines of business.

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- Analyse client/cedant requirements, risk information, policy terms, and exposure details.

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- Prepare and circulate facultative submissions to appropriate reinsurers and international markets.

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- Obtain competitive terms, quotations, capacity, and coverage from reinsurers.

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- Negotiate pricing, terms, conditions, deductibles, limits, and other placement requirements.

/n /n Reinsurance Market & Relationship Management /n /n

- Develop and maintain strong relationships with domestic and international reinsurers, brokers, and underwriting markets.

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- Identify appropriate markets based on risk profile, capacity requirements, appetite, and pricing.

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- Engage with reinsurers to secure optimal terms and placement solutions.

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- Stay updated on market capacity, underwriting appetite, pricing trends, and emerging risks.

/n /n Client & Internal Coordination /n /n

- Understand client requirements and provide technically sound reinsurance solutions.

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- Coordinate closely with business development, underwriting, and placement teams.

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- Support client meetings and presentations whenever required.

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- Ensure timely communication of quotations, terms, conditions, and placement status.

/n /n Documentation & Policy Servicing /n /n

- Ensure accuracy and completeness of facultative submissions and placement documentation.

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- Coordinate confirmations, debit/credit notes, reinsurance slips, endorsements, and other relevant documentation.

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- Track placement timelines and ensure closure within agreed TATs.

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- Maintain accurate records of placements, renewals, and market responses.

/n /n Claims & Portfolio Support /n /n

- Coordinate with reinsurers and relevant stakeholders on facultative claims matters.

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- Support claims-related negotiations and documentation wherever required.

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- Monitor existing facultative placements and support renewals and portfolio retention.

/n /n Market Development & Compliance /n /n

- Identify new facultative opportunities and support business development initiatives.

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- Participate in client meetings, market visits, industry events, and reinsurer meetings.

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- Ensure adherence to IRDAI regulations, company policies, and internal processes.

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- Maintain confidentiality and high standards of skilled and ethical conduct.

/n /n Key Competencies & Skills /n Technical & Reinsurance Skills /n /n

- Strong understanding of Facultative Reinsurance processes and placements.

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- Knowledge of underwriting principles,



risk assessment, policy structures, and reinsurance terminology.

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- Ability to assess risk information and identify appropriate reinsurance markets.

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- Strong negotiation and placement skills.

/n /n Market & Business Skills /n /n

- Good relationships with reinsurers and reinsurance markets.

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- Strong commercial acumen and ability to understand client requirements.

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- Ability to manage multiple placements simultaneously and work within tight deadlines.

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- Strong analytical and problem-solving capabilities.

/n /n Communication & Personal Skills /n /n

- Excellent written and verbal communication skills.

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- Strong presentation, negotiation, and interpersonal skills.

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- High level of ownership, integrity, and attention to detail.

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- Ability to work under pressure and deliver within TAT.

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- Willingness to travel extensively for client and market meetings.

/n /n Technical Tools /n /n

- Proficiency in MS Office – Excel, Word, PowerPoint, and Outlook.

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- Ability to prepare reinsurance submissions, placement summaries, and market presentations.

/n /n Qualifications & Experience /n /n

- Education: Bachelor's degree in Commerce, Business Administration, Insurance, or a related discipline. A professional qualification in Insurance/Reinsurance will be an added advantage.

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- Experience: Minimum 5 years of relevant experience in Facultative Reinsurance.

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- Candidates from Insurance Broking, Reinsurance Broking, or General Insurance backgrounds with strong FAC exposure will be preferred.

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- Strong experience in handling end-to-end facultative placements and market negotiations.

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- Willingness to travel extensively for client, reinsurer, and market engagements.

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📌 Reinsurance FAC (Mumbai)
🏢 Unilight Insurance Brokers Private
📍 Mumbai