AVP/Senior Manager - Reinsurance - Treaty - General Insurance

AVP/SM - Reinsurance - Treaties

Responsibilities:

- Finalization and renewal of treaties

- Review of treaty / portfolio performance

- Exploring new markets for reinsurance support, guiding the department in getting the best terms from various markets

- Obtaining details of new covers coming up in various markets and providing information to the marketing / underwriting team by liaison with insurance companies and reinsurers

- Procurement of Facultative inward Premium (Domestic & foreign) and managing the same (creating a portfolio of inward business)

- Providing information to management on the performance of each class of business and managing risk profile

- Provide information to CEO for discussion in various forums / panels, study of exposures of the company and providing timely warning / suggestions / information to management

- Ensure compliance of Regulator's and management directives on Reinsurance (Board approved programme).

- Any other job assigned by the management

- Compliance to documented BPMS process

- Develop subordinates and get them trained for higher responsibilities

- Entrusted with Financial authority of upto INR 10 lacs

- Authorised signatory for bordereaux, cash calls, mandate letters, etc.

Skills & Competencies:

- Sound technical insurance and reinsurance knowledge

- Team management and inter-personal relationships

- Analytical skills & decision making abilities

Interface:

- Internal All Department

- External All Insurers, Reinsurers & Reinsurance Intermediaries

Qualification and Experience :

- Professional qualification in insurance / reinsurance, exposure in reinsurance market

- Graduate/Post Graduation / MBA