Placement Manager - General Insurance

Cermati.com; Daerah Khusus Ibukota Jakarta; On-site; USD 30,000 - 60,000; Full time

Job summary

An established industry player is seeking an experienced insurance professional to lead the sourcing of insurance solutions. This role involves supervising negotiations with insurers to secure favorable terms, conducting risk assessments, and collaborating with cross-functional teams for product development. The ideal candidate will possess a strong understanding of insurance products and policy wording, along with excellent analytical and communication skills. If you are passionate about driving strategic decisions in insurance, this opportunity will allow you to make a significant impact in a dynamic environment.

Qualifications

• 5+ years experience in insurance placement in the broker industry.
• Strong understanding of insurance products and risk assessment frameworks.

Responsibilities

• Supervised sourcing of insurance solutions aligned with BD requests.
• Conducted reviews of Terms and Conditions to ensure market alignment.

Skills

Insurance Product Knowledge

Risk Assessment

Negotiation Skills

Analytical Skills

Communication Skills

Education

Bachelor’s Degree in Insurance

Bachelor’s Degree in Risk Management

Bachelor’s Degree in Business Administration

Bachelor’s Degree in Finance

Job description

Job Description

• Supervised the sourcing of insurance backup solutions aligned with Business Development (BD) requests, including negotiation with insurers to secure the most suitable terms.

• Conducted periodic reviews of Terms and Conditions (TC) to ensure alignment with current market conditions.

• Performed risk analysis and assessment for items to be insured, ensuring proper coverage and minimal exposure.

• Analyzed policy clauses to verify compliance with requested terms, ensuring accuracy and adequacy of received policies.

• Collaborated with cross-functional teams to explore opportunities for more comprehensive product development.

• Evaluated claim trends and their impact on insurance proposals, contributing to strategic pricing and coverage decisions.

Qualifications

• Bachelor’s degree in Insurance, Risk Management, Business Administration, Finance, or a related field.

• Minimum 5 years of experience in insurance placement in the insurance broker industry.

• Demonstrated ability to supervise, mentor, and coordinate team efforts to achieve departmental goals and project deadlines.

• Strong understanding of insurance products, policy wording, and risk assessment frameworks.

• In-depth understanding of various insurance coverages across multiple product lines (e.g., property, liability, marine, engineering, etc.).

• Proven experience in negotiating with insurers and securing favorable terms and conditions.

• Ability to analyze policy clauses and assess alignment with business requirements.

• Solid knowledge of market trends, insurance regulations, and claim analytics.

• Strong analytical skills with the ability to interpret data and identify insights for strategic decision-making.

• Experience in cross-functional collaboration for product or service development.

• Excellent communication, negotiation, and stakeholder management skills.