Marsh Risk
Website:
marsh.com
Company:
https://www.linkedin.com/company/marshrisk
Seniority: Not Applicable
Industries: Insurance Carriers, Insurance, and Insurance Agencies and Brokerages
Job details:
We are seeking a talented individual to join our Treaty Reinsurance (Guy Carpenter) team at Marsh Risk India, a Marsh business. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office.
Executive Vice President/ Vice President
We will count on you to:
Core Job Responsibilities
- Treaty Structuring & Placement: Design and place proportional (Quota Share/Surplus) and non-proportional (Excess of Loss/Stop Loss) treaties, covering entire portfolios rather than individual risks.
- Business Procurement & Relationship Management: Identify, approach, and maintain strong relationships with domestic (e.g., GIC Re) and international reinsurers and brokers.
- Technical Analysis & Risk Assessment: Analyze client underwriting portfolios, loss history, and risk retention philosophy to provide technical data for reinsurance pricing.
- Market Negotiation & Placement: Negotiate competitive treaty terms, including commission, rates, and coverage limits.
- Documentation & Compliance: Ensure compliance with IRDAI regulations on reinsurance
- Claims & Accounts Management: Assist in claims negotiation, settlement, and premium remittance to ensure proper cash flow between insurer and reinsurer
Core Competencies:
- Client Focus: Understands client needs and delivers tailored solutions that create value and strengthen relationships.
- Communication: Clearly and confidently conveys information, both verbally and in writing, while listening actively and empathetically.
- Collaboration: Works effectively with colleagues across teams and disciplines to achieve shared goals.
- Analytical Thinking: Gathers and interprets complex information, identifies key issues, and proposes practical, well-reasoned solutions.
- Commercial Awareness: Demonstrates understanding of market dynamics and identifies opportunities for business growth.
- Integrity and Accountability: Acts with honesty, transparency, and professionalism; takes ownership for delivering quality outcomes.
- Adaptability: Adjusts effectively to new situations, challenges, and client requirements while maintaining focus and composure.
- Resilience: Performs effectively under pressure and remains positive and solution-oriented in the face of challenges.
- Continuous Learning: Proactively seeks opportunities for professional development and knowledge sharing.
- Innovation: Brings forward new ideas and creative approaches to improve client service and business performance.
What you need to have:
- 12-15 years of proven experience in reinsurance broking or a related client-facing reinsurance role, in India
- Strong understanding of treaty and facultative placements, all lines of reinsurance
- Excellent working knowledge of Indian and international reinsurance markets.
- Collaborative approach with the ability to work flexibly within a team.
- Education – Graduate / Post Graduate
- Commitment to professional development and maintaining the highest standards of conduct, integrity, and customer focus
What makes you stand out:
- Proven Leadership skill traits (elected leader in community, school & college). Background of having leadership role.
- Strong analytical, detail-minded and solution oriented skills.
- Good networking skills and relationship management skills.
- Strong communication / presentation skills.
- Excellent interpersonal skills.
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
Click on Apply to know more.
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