Placement Associate, Commercial Lines

NovaBenefits Private Limited; India; On-site; INR 600,000 - 1,000,000; Full time

Job summary

NovaBenefits Private Limited is seeking an experienced professional for a role focused on insurance brokering and placements. The ideal candidate will engage in preparing RFQs, coordinating with insurers, and negotiating coverage terms while ensuring minimal supervision.

Applicants should have 1-2 years of experience and robust communication skills. A flat, merit-led culture emphasizes results over tenure. This is a pivotal role in a rapidly growing company that champions employee happiness.

Qualifications

• 1-2 years at an insurance broker or general insurer, preferably in a placements role.
• Hands-on experience with RFQs and Quote Comparison Reports for Non-EB lines.
• Strong written and spoken communication skills.

Responsibilities

• Prepare and circulate RFQs to insurers.
• Coordinate with insurers and TPAs to resolve queries.
• Negotiate pricing and coverage terms.

Skills

Insurance brokering experience

RFQ preparation

Communication skills

Negotiation skills

Job description

Nova Benefits is building India's most loved employee health and wellness platform. We work with some of the country's best employers to give their teams access to high-quality healthcare, and we believe technology is the unlock that makes this possible at scale. We are not just another insurance broker. We think of ourselves as an HR tech company that happens to hold an IRDAI broking license. Our north star is employee happiness, not premium volume.

We are backed by Bessemer Venture Partners, SIG, Better Capital, Titan Capital, and Multiply Ventures, and we are a Series A company with a strong track record of building fast and building well.

Job Description

About Nova

Nova is India's fastest-growing B2B insurance broker and benefits platform, serving 500+ clients including Netflix, Hitachi, Cloudnine, and Kalki Fashion. We're profitable, Series A backed (SIG, Bessemer, Better Capital, Titan, AngelList), and building the operating system for corporate insurance in India.

What you’ll do

• Prepare and circulate RFQs to insurers within agreed turnaround times
• Coordinate with insurers and TPAs to resolve queries and pull quotations
• Evaluate quotes on coverage, premium, exclusions, and terms
• Build Quote Comparison Reports (QCRs) for internal and client review
• Negotiate pricing, coverage, and wordings with insurers
• Drive policy finalization end to end with insurers and the internal team

Why Nova

• Flat, merit-led culture. Background and tenure don't decide outcomes. Results do.
• Career-defining role. Small, hand-picked team. The placements function is being built, and you're early in it.

Requirements

What we’re looking for

• 1-2 years at an insurance broker or general insurer, in a placements / underwriting / operations role
• Hands-on experience raising RFQs and building QCRs for Non-EB lines (Property, Liability, Casualty)
• Familiarity with EB policies (GMC, GPA, GTL) is a plus, not a must
• Strong written and spoken communication; comfortable pushing back with insurers when needed
• Operates with high ownership and integrity; can run their own desk with minimal oversight
• Quick to pick up new tools and ways of working