21 Sep
|
SKS Enterpprises
|
Mumbai
21 Sep
SKS Enterpprises
Mumbai
MANDATORY REQUIREMENTS
• Must be from the Insurance Broking industry
• Robust exposure to Placement function in Employee Benefits space.
• Strong hands-on experience in GHI/GMC, GPA and GTL placement.
• Minimum 3 years of experience
ABOUT THE CLIENT
Our client is one of India's leading composite insurance brokers that is PE-VC Funded, offering corporate insurance, employee benefits, retail insurance, reinsurance, and risk management solutions
JOB ROLES & RESPONSIBILITIES
• Manage end-to-end placement of Employee Benefits insurance products, primarily Group Health Insurance (GHI/GMC), Group Personal Accident (GPA) and Group Term Life (GTL).
• Understand client requirements, employee demographics, risk profiles, claims experience and coverage requirements.
• Prepare and circulate RFQs (Request for Quotations) to suitable insurers and coordinate the quotation process.
• Analyse and compare quotations based on premium, coverage, exclusions, deductibles, policy terms and conditions.
• Negotiate with insurers and underwriters to secure competitive pricing and favourable coverage terms.
• Develop placement strategies for new business and renewal portfolios.
• Coordinate with Sales, Client Servicing, Claims and Operations teams for seamless execution of placements.
• Ensure timely policy issuance, endorsements and documentation within agreed TATs.
• Review policy schedules, terms, conditions and endorsements to ensure accuracy and alignment with negotiated terms.
• Maintain accurate placement records, insurer quotations, negotiations and MIS reports.
• Keep abreast of market trends, insurer appetite, pricing movements and new EB products and solutions.
• Contribute towards business retention, cross-selling and up-selling opportunities wherever relevant
QUALIFICATION & EXPERIENCE
• Graduate / Post Graduate in any disciple
• Professional certifications such as IRDAI licensing, Associate/Fellow of the Insurance Institute of India (III), CII (UK), or AIRM are an added advantage.
OTHER DETAILS
Reporting To: Placement Head
Industry Target: Insurance Broking
Work Model Arrangement: Onsite
📌 EB Placement (Mumbai)
🏢 SKS Enterpprises
📍 Mumbai