Business Development Manager

Position Summary:
This position involves driving business development by engaging with the Insurers as well as Reinsurers of repute and participate on reinsurance transactions as a reinsurance broker by negotiating best terms.

Key Responsibilities:

• Target Achievement: Develop reinsurance market by seeking underwriting capacity and best terms.
• Business Development: Actively source, manage, and grow high-value reinsurance contracts.
• Team Leadership: Lead, mentor, and monitor the performance of the teams to ensure high productivity.
• Client Engagement: Build and maintain strong relationships with insurers and reinsurers for competitive pricing and terms.
• Compliance & Operations: Ensure strict adherence to IRDAI regulations, company policies, and ethical standards in all transactions.
• Market Analysis: Track competitor activities, pricing trends, and market opportunities to provide inputs on expansion of business.
• Operational Coordination: Coordinate with sales, placement, operations, Finance and claims teams to ensure seamless service delivery.

Qualifications & Experience:

• Education: Graduation / Post Graduation / MBA
• Experience: 6 to 8 years of experience in the insurance industry preferably underwriting or reinsurance, with at least 5+ years in a senior role.
• Domain Knowledge: Strong understanding of General Insurance products.
• Certifications: IRDAI Brokers Exam certification is preferred.

Skills & Competencies:

• Excellent leadership and team management capabilities.
• Strong networking, negotiation, and communication skills.
• High proficiency in client relationship management and business development.
• Strong analytical skills to interpret market data and trends