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

NLocation: Mumbai

NIndustry: Insurance Broking

NFunction: Reinsurance – Marine Placement & Operations

NExperience: 5–12 years

NCompensation: Up to ₹25 LPA

NLevel: Manager / Senior Manager

NRole Overview

nWe 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.

NKey Responsibilities

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

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

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- Graduate in any discipline from a recognised university.
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- Insurance/reinsurance qualifications such as AIII, ACII, CII, III certification or equivalent would be an advantage.
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- Relevant professional certifications in Marine Insurance/Reinsurance will be preferred.
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📌 Hiring: Manager / Senior Manager - Reinsurance Placement & Operations (Marine) (Alibag)
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