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 qualified 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.
NKey Responsibilities
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Manage end-to-end Marine Facultative Reinsurance placements, from receiving submissions to final binding. N
Analyse Marine risks, underwriting information, policy terms, limits, deductibles and exposure details. N
Prepare and review reinsurance slips, submissions, quotations, debit/credit notes, cover notes and other placement documentation. N




Approach and negotiate with domestic and international reinsurers for optimal terms and pricing. N
Coordinate with cedants, insurers, reinsurers and internal teams throughout the placement cycle. N
Handle reinsurance operations and post-placement servicing, including documentation, premium processing, endorsements, renewals and cancellations. N
Follow up for reinsurance confirmations, signed lines, policy documentation and closing documents. N
Coordinate with finance/accounts teams for premium settlements, collections and related reconciliations. N
Support Marine reinsurance renewals and maintain solid relationships with reinsurers and market contacts. N
Ensure compliance with applicable regulatory, documentation and internal process requirements. N
Maintain accurate records, placement trackers and MIS related to Marine reinsurance business. N
Guide junior team members and support the team i

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