Process Analyst - Facultative Reinsurance

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About The Role

Sr. Process Analyst

FAC (Facultative Reinsurance)

reinsurance placement and claims processing

IRDAI guidelines

New Business, Renewals, Mid-Term Adjustments, Claims, and Collections

Placement

Key Responsibilities

• Set up client details accurately in the system with all required documentation.
• Handle and manage booking inquiries for potential clients.
• Book business transactions on the system, ensuring accuracy and compliance with client requirements.
• Generate closing statements to facilitate premium collection.
• Coordinate with cedents and underwriters for seamless processing of placements and renewals.
  

Claims

• Identify and book claims as per slip terms, ensuring all claim details are accurately captured in the system.
• Generate closing statements to facilitate claim settlements.
• Collaborate with cedents and underwriters to ensure timely and accurate claims handling.
  

Additional Responsibilities

• Ensure timely communication and issue resolution with clients, cedents, and underwriters.
• Apply analytical and critical thinking skills to assess and resolve process challenges.
• Follow best practices in business process management and quality assurance.
• Maintain confidentiality of sensitive business data and client information.
• Work independently and collaboratively to meet quality and compliance goals.
• Demonstrate a willingness to learn and upskill continuously to improve process efficiency.
  

Skills & Competencies

• Strong technical understanding of insurance and reinsurance services.
• Excellent written and verbal communication skills.
• Good interpersonal and coordination abilities.
• Strong sense of ownership, accountability, and attention to detail.
• Sound insurance domain knowledge, particularly in reinsurance placement and claims.
  

Qualifications

Education:

• Graduate or Postgraduate in any specialization
  

Certifications

• Insurance certification preferred (added advantage)
  

Experience

• Minimum 2–3 years of experience in Insurance Operations or Quality Analysis, preferably within Reinsurance or FAC processes
  

Compensation

CTC:

8 LPA