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

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 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.

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.