Vice President – Facultative Reinsurance (Guy Carpenter)

Marsh India; Mumbai; Hybrid; INR 2,500,000 - 3,500,000; Full time

Benefits offered by this job

Professional development opportunities

Inclusive and vibrant culture

Career opportunities and benefits

Job summary

A global insurance broker is seeking a Vice President for their Facultative Reinsurance team in Mumbai. This role requires extensive experience in the insurance industry, strong leadership and analytical skills, and the ability to manage diverse client cultures. The successful candidate will be responsible for the placement of Facultative Reinsurance business, overseeing post-placement activities, and building relationships with key stakeholders. This is a hybrid role, requiring in-office presence three days a week.

Qualifications

• 10-12 years of experience in the insurance industry.
• Experience in Insurance underwriting, Reinsurance broking, and claims management.
• Ability to manage diverse client cultures.

Responsibilities

• Responsible for placement of Facultative Reinsurance business.
• Oversee post-placement activities including invoicing.
• Build and maintain relationships with key stakeholders.

Skills

Insurance industry experience

Leadership skills

Analytical skills

Networking skills

Communication skills

Job description

Vice President – Facultative Reinsurance (Guy Carpenter)

We are seeking a talented individual to join our Guy Carpenter – Facultative Reinsurance team at Marsh India Insurance Brokers Pvt Ltd. This role will be based in Mumbai. This is a hybrid role that requires working at least three days a week in the office.

We will count on you to:

• Responsible for placement of Facultative Reinsurance business for all lines of business for Cedants/ Insurers
• Oversee post-placement activities including signed slips invoice, GST invoice, tax documentation and monitoring PPW dates to reinsurers.
• Responsible for new business generation.
• Responsible for zero failure in placement and any compliance breaches.
• Build and maintain relationships with key stakeholders internally and externally.
• Focus on servicing existing client relationships and expanding the opportunities in the existing base
• Gather & share market intelligence with leadership teams at regular frequencies.
• Ability to work in conjunction with Global team on various tools, supporting local relationships for arriving at required result
• Develop relationship with reinsurers and overseas colleagues and coordinate with them for best terms.
• Responsible for providing leadership, support and guidance to the team.
• Conduct trainings for colleagues.
• Conduct Webinars for prospect and clients on key issue facing the industry or launching of new products.
• Collaborate with all key internal functions and Marsh Third Party Fac to deliver best in class service to clients.

What you need to have:

• 10-12 plus years of experience in insurance industry.
• Experience in Insurance underwriting/Reinsurance/Reinsurance broking and claims management
• Experience of handling tender business.
• Corporate Relationship Management / Business Solution Provider from a service background.
• Ability to manage diverse client cultures i.e. Indian Corporate, MNC Corporation and PSU clients.
• Strong knowledge of the various products/Analytics
• Domain knowledge preferred.

What makes you stand out?

• Proven Leadership skill traits (elected leader in community, school & college). Background of having leadership role.
• Strong Analytical and interpersonal skills.
• Good Networking skills and Relationship Management skills.
• Strong Communication and presentation 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, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law.

Marsh McLennan 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 McLennan 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.

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.