Reinsurance Specialist 138833
Reinsurance Specialist 138833
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Classification
Job Requisition 138833
Closing Date 22 April 2025
Location Johannesburg
Cluster Nedbank Wealth Division Nedbank Insurance Client Solutions
Please Note: Preference will be given to applicants from Underrepresented Groups
Job Family
Career Stream
Leadership Pipeline
FAIS Affected
Job Purpose
To help drive and deliver the reinsurance capability within Nedbank Insurance including engagement with both internal and external clients in line with Nedbanks Client Value Proposition. This role will focus on the delivery of the reinsurance deliveries across our life and shortterm insurance product sets.
Job Responsibilities
- Perform finance related functions relating to reinsurance including reporting payments claim recoveries debt management and debtor management
- Monitors reinsurance claims administration including claim notification and facilitating recoveries
- Review reinsurance contracts and documents reinsurance arrangements in accordance with the Nedbank Insurances procedures and controls
- Assistance with the quarterly and annual SAM valuations from a reinsurance perspective
- Technical assistance on reinsurance reinsurance tenders and treaty performance monitoring
- Improvement and automation of existing processes with a strong focus on risk management
- Ensuring compliance (brand/reputation/other risks) by enforcing regulations; policies and procedures and understanding link from policy process system operating procedures
- Developing and managing relationships with reinsurers through communication and networking as determined by Nedbank Insurances needs
- Annually review current reinsurance programs and program structures and evaluates alternatives formulates options and recommends changes
- Preparation of reinsurance renewal market presentation and presents to reinsurers
- Negotiates and arranges reinsurance placements (Treaty and Facultative)
Job Responsibilities Continue
People Specification
Essential Qualifications NQF Level
- Matric / Grade 12 / National Senior Certificate
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
Degree in Accounting Business Finance or Actuarial Science
Essential Certifications
Preferred Certifications
Minimum Experience Level
Must have 2 3 years in a reinsurance relationship management in a reinsurance or insurance environment
Must have 2 3 years exposure to reinsurance reporting and management in either life or shortterm insurance
Must be able to work independently and as a part of a team
Must be able to interact and communicate effectively within a finance environment
Must be proficient at MS Office
R Experience will be an advantage but not a requisite
Technical / Professional Knowledge
- Communication Strategies
- Data analysis
- Industry trends
- Principles of financial management
- Relevant regulatory knowledge
- Decisionmaking process
- Cluster Specific Operational Knowledge
- Governance risk and controls
Behavioural Competencies
- Customer Focus
- Decision Making
- Facilitating Change
- Initiating Action
- Innovation
- Technical/Professional Knowledge and Skills
Please contact the Nedbank Recruiting Team at
Required Experience:
Unclear Seniority
Employment Type
Full Time
