Assistant Vice President

Reposted One Month Ago
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World Trade Center, Yeshwanthpur, Bengaluru Urban, Karnataka, IND
In-Office
Expert/Leader
Professional Services • Consulting
The Role
Lead facultative reinsurance placement across lines, drive new business, manage post-placement admin and compliance, build reinsurer and client relationships, support global teams, provide leadership, training and market intelligence, and collaborate with internal stakeholders to expand client opportunities.
Summary Generated by Built In
Company:Marsh

Description:

We are seeking a talented individual to join our Guy Carpenter – Fac team at Marsh India Insurance Brokers Pvt Ltd. 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.

Assistant Vice President -Guy Carpenter – Fac

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.
  • Knowledge of reinsurance and government business.
  • Well versed with IRDA regulations for reinsurance.
  • Knowledge of property insurance (preferable underwriting)
  • 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.

Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. 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 $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.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 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 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.

Skills Required

  • 10-12+ years of experience in the insurance industry
  • Experience in insurance underwriting, reinsurance, reinsurance broking and claims management
  • Experience of handling tender business
  • Knowledge of reinsurance and government business
  • Well versed with IRDA regulations for reinsurance
  • Knowledge of property insurance (preferable underwriting)
  • Corporate relationship management / business solution provider background from a service background
  • Ability to manage diverse client cultures (Indian corporates, MNCs, PSUs)
  • Strong knowledge of various products and analytics
  • Domain knowledge (reinsurance) preferred
  • Proven leadership skills (leadership roles in community, school, college)
  • Strong analytical and interpersonal skills
  • Good networking and relationship management skills
  • Strong communication and presentation skills
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The Company
HQ: New York, New York
9,026 Employees

What We Do

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].

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