Description
We are seeking a Lead Specialist in Placement for our Insurance and Reinsurance team in India. The ideal candidate will have extensive experience in the placement of insurance and reinsurance contracts, a deep understanding of the market, and strong negotiation skills. This role will involve leading placements, building relationships with stakeholders, and mentoring junior team members.
Responsibilities
- Lead the placement of insurance and reinsurance contracts with a focus on maximizing profitability and minimizing risk.
- Develop and maintain relationships with clients, brokers, and reinsurers to ensure effective communication and service delivery.
- Analyze market trends and client needs to create effective placement strategies.
- Prepare and present placement submissions to potential reinsurers.
- Negotiate terms and conditions of placements to ensure favorable outcomes for the organization.
- Monitor the performance of placed contracts and provide insights for future placements.
- Collaborate with internal teams to align placement strategies with overall business objectives.
- Ensure compliance with regulatory requirements and internal policies.
- Provide mentorship and guidance to junior team members.
Skills and Qualifications
Bachelor's degree in Finance, Business Administration, Insurance, or a related field.7-15 years of experience in insurance and reinsurance placement.Strong understanding of insurance and reinsurance markets and products.Excellent negotiation and communication skills.Ability to analyze complex data and market trends.Proficiency in risk assessment and management.Familiarity with regulatory requirements in the insurance industry.Strong interpersonal skills to build relationships with clients and stakeholders.Detail-oriented with strong organizational skills.Skills Required
Insurance, Reinsurance