Head of Reinsurance (Life)
Head of Reinsurance (Life)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.
Role Purpose
Implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.
Duties & Responsibilities
- Lead negotiations for reinsurance treaties and risk sharing arrangements including structuring pricing and terms.
- Act as senior contributor to the execution of company reinsurance strategy in alignment with business objectives and risks appetite.
- Advice executive management on reinsurance structures market conditions and risk transfer options.
- Perform experience and other investigations on the reinsurance and risk sharing portfolios and making sound risk and profitability management recommendations.
- Understand clients needs and their priorities and ensuring that their needs are met.
- Contributing to technical reinsurance management including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk sharing agreements.
- Build and maintain strong relationship with reinsurers and clients.
- Collaborate with internal stakeholders (actuarial underwriting and claims finance legal compliance risk) and reinsurers to ensure effective communication and execution of reinsurance arrangements.
- Enforce policies procedures and controls relating to reinsurance activities.
- Manage the performance and development of direct reports.
- Cover operations in South Africa and Mauritius.
Requirements
- Degree in Actuarial Science Finance or related field.
- Qualified Actuary CA or equivalent qualification will be advantageous.
- Extensive knowledge of reinsurance arrangements (treaty and facultative) and structures (quota share surplus excess of loss etc).
- At least 7 years relevant working experience in the life insurance/reinsurance industry.
Competencies
- Excellent negotiation and relationship management skills.
- Strong analytical financial and actuarial modelling skills.
- Strategic thinker with the ability to balance risk growth and cost.
- Team management and stakeholder engagement abilities.
- High integrity and decision-making skills.
Required Experience:
Director
Employment Type
Full-Time
