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Reinsurance Manager

5.00 to 7.00 Years   Mumbai (Maharashtra)   21 Feb, 2025
Liberty General Insurance
Job LocationMumbai (Maharashtra)
EducationAny Graduate
SalaryAs per Industry Standards
IndustryFinancial Services/Stockbroking, Banking
Functional AreaHR/PM/IR/Training
EmploymentTypeFull-time

Job Description

DescriptionPrimary Responsibilities KRAs

  1. Reinsurance Accounting and Analytics, which includes accumulation tracking and payment & recovery management
  2. Treaty Renewal Activities:
    • Preparation of infopack for treaty renewals as required by reinsurers/brokers.
    • Analysis of the CAT Modelling report & working out CAT limit to be purchased.
    • Quote comparison & analysis
    • Analysis of Treaty Terms & Conditions & Co-ordinating with respective underwriters.
    • Compliance of order of preference
    • Reinsurance Programme Set up in all systems viz GC and Health Buzz
  3. Treaty Management:
    • Treaty slips / endorsement slips management
    • Calculation of XOL Claims Recovery, Cash Call Recovery, Sliding Scale Commission, Loss Corridor, Profit Commission, Adjustment Premium, etc.
    • Tracking of Treaty Achievements & Performance
  4. Facultative Management
    • Facultative Inward Overview the process and have checks and balances in place
    • Facultative Outward Placement Seeking quotes from various reinsurers, negotiation, clarification of queries, etc.
    • Preparation & Maintenance of Fac Slips / Endorsements
    • Compliance of order of preference
  5. Compliance - Governance & Control
    • IRDA Reports submission Annual, Half Yearly, Adhoc
    • Compliance of Reinsurance Regulations
    • Adherence to GRM protocol for reports and compliance
    • Providing data / clarification sought by GRS
Competencies
  • Communication & Interpersonal Skills
  • Product Understanding
  • Team Management & Development
Experience
  • No of years: 5 to 7 years
  • Type of Industry: General Insurance
  • Specific knowledge of treaty placement and administration
  • Business Understanding
QualificationsGraduationAbout UsAt Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. Thats why we provide an environment focused on openness, inclusion, trust and respect. Here, youll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.Liberty Mutual has proudly been recognized as a Great Place to Work by Great Place to Work US for the past several years. We were also selected as one of the 100 Best Places to Work in IT on IDGs Insider Pro and Computerworlds 2020 list. For many years running, we have been named by Forbes as one of Americas Best Employers for Women and one of Americas Best Employers for New Graduatesas well as one of Americas Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: Diversity, Equity, and InclusionWe value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: BenefitsLiberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veterans status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.Locations - Mumbai, MH, India

Keyskills :
reinsurance accounting treaty renewal preparation claims recovery analysis compliance management communication skillsinterpersonal skillskra placement

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