AddressAVP/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
