Re - Insurance Manager
Job Details
Full Job Description
Obtain best Reinsurance terms negotiated for optimum advantage to
the organization
Reinsurance presentation for Treaty Renewals
-Preparation of all Statistical Information viz., Risk Accumulation
Data, Gross and Net Band Statistics on Premium and claims, Treaty
Results etc.
Providing additional information / clarifications to
Reinsurers for treaty renewals in respect of Proportional & Excess of
Loss program
Establishing relationship with new external customers
(Reinsurers/brokers) and maintaining good relation with existing ones
and improve the turnaround time and also work closely with other
departments (especially underwriting and claims) and understand their
requirements in order to take up with reinsurers
Co-ordinate with
IT team to update the Treaty limits, Commission and other details in
the Insurance system (General Insurance)
Ensure accurate
Reinsurance accounting
Obtain facultative quote / support for risks
based on the underwriting information including various Tender
businesses
Finalize the facultative placement once the business is
secured and cover bound with reinsurers within the stipulated time
limit
Ensure facultative premium closings sent to the reinsurers in
timely manner and settlements carried out before due date.
Take
special cession approvals from the reinsurers wherever
required.
Contact the reinsurers / brokers via phone, e-mail
frequently and establish good business relationship.
Attend meeting
with Reinsurers / Brokers upon their visit to our office.
Monitor
Monthly Closings processed by RI team. Assist the team in finalizing
the month closings in timely manner
Intimate reinsurers in the
event of a major loss and providing regular updates.
Assisting /
monitoring the Preparation of quarterly Statement of Account for
various arrangements processed by Asst manager RI.
Liaise with
finance department for Settlement of Quarterly balances to reinsurers
on Treaty and other arrangements.
Notify losses under XL
arrangements to the reinsurer and prepare recovery advises on
periodical manner
Preparation of Annual Statement of Accounts viz.,
P/F Premium & Loss Withdrawal Account, P/F Premium & Loss Entry
Account, Excess of Loss Adjustment Account & Profit Commission
Statements at the end of each financial year.
Establishing
additional RI capacity by way of Surplus/FAC oblig treaty for Fire and
Engineering classes
Periodical training to RI team members on
Reinsurance.
Qualification
Five years of Experience in the
Re-Insurance with General (Non-Life) Insurance Industry and out of
which 2 years to be in Gulf
Graduate with Insurance qualification
AIII (equivalent) or above
Thorough command on FAC and Treaty RI
operations
Re - Insurance Manager
Symmetrical Global Search Pvt Ltd
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