Head - Treaty/Facultative Reinsurance - Broking

Job Purpose Statement:

- Setting up, managing and driving the reinsurance broking business in India

- Responsible for top-line and bottom-line profitability of reinsurance broking business

- Ensure sustainability growth by developing and implementing the long term strategy (through data-driven analysis) that enables the various businesses to expand their footprints by leveraging both the current and emerging opportunities.

- Build Organizations capabilities in continually assessing and exploiting opportunities in order to have consistent growth (in conjunction with market, industry and competition scenario).

- Identify current and future strategic challenges of Reinsurance business and chart out mitigation plans.

Duties & Responsibilities :

Primary Responsibilities:

- Planning and strategizing the Reinsurance broking business

- Responsible for top line & bottom line for the Reinsurance

- Conduct business in line with the ethics & philosophy of the Group.

- Responsible for scaling up the clientele of the Reinsurance line of business. Build long term relationship and rapport with ceding companies and reinsurers

- Coordination with the underwriting team and assist them in this function

- Institutionalizing across Reinsurance vertical in terms of various processes, quality parameters, continuous improvements, projects & other aspects/parameters that can increases efficiency /effectiveness of this line of business and documenting them well, reviewing them periodically keeping customer/market/user in mind & revising them, if necessary.

- Rendering consultancy and risk management services for reinsurance on behalf of the company.

- Relook at various existing processes i.e. customer acquisition, customer retention, business booking, claims management process, etc& improvising upon them in terms of making friends, agile as well as user-friendly.

- Creating a knowledge repository of various best practices & spreading/sharing them throughout the operations.

- Exercising due care and diligence at the time of selection of Reinsurers and International insurance brokers having regards to their respective security rating

- To strictly adhere to IRDA Brokers Regulations 2002 including the code of conduct issues by IRDA for Brokers for carrying out reinsurance broking and associated compliance

Secondary Responsibilities :

- To set up and operationalize all business process flowchart for the reinsurance broking and develop the necessary manuals for all operations.

- To achieve a target of financial break even and works towards companies vision.