Reinsurance Manager
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Job Location:
Salary:
Experience Required:
Posted on:
5 days ago
Vacancies:
1 Vacancy
Job Summary
Our Client is the undisputed market leader in cell captive insurance and risk solutions renowned for an innovative approach to cell captive structures and other alternative risk transfer solutions.
Purpose of the Role
The role is developed to advance the RI Discipline within the Group through a multifaceted approach by enhancing client-facing abilities and providing greater technical skill and delivery. The incumbent is responsible for management of the non-life reinsurance division providing leadership and management to the reinsurance team and support functions (technical reinsurance accounting and reinsurance claims) including other divisions and external clients and will initially be focused on greater client engagement and delivery of optimised reinsurance solutions to cell captive and business.
Key Responsibilities (What you will do)
Business growth internal capability and client visibility
Support growth in the business and deliver greater internal capacity reducing reliance and cost of external reinsurance service suppliers; be more visible and engaged with the client base
Deliver appropriate and optimised reinsurance advice to cell captive clientele
Reinsurance programme structuring contracting and placement activity
Reinsurance programme structuring in line with clients and company strategic objectives
Negotiate renewal and new business with reinsurers and reinsurance brokers
Ensure accurate and timeous completion of reinsurance contracts
Underwriting data and exposure aggregation
Collate underwriting information and data for compilation of risk profiles and CRESTA aggregates
Portfolio performance reporting and stakeholder reporting cadence
Compile quarterly performance reports for the portfolio including analysis of claims development understanding of clients pricing methodology and underwriting philosophy
Conduct regular meetings with relevant stakeholders (internal technical divisions clients reinsurers and reinsurance brokers) to ensure efficient reporting to all parties
Produce monthly management reports
Market monitoring and reinsurer security awareness
Keep abreast of reinsurance market developments to identify movements that could adversely or positively affect the security of any reinsurer in the approved panel of reinsurance partners
Statutory reporting audit and regulatory input
Contribute to completion of the annual statutory reports (reinsurance components)
Provide input in scoping auditing requirements for Internal Audit
Provide input and comments on regulatory papers requiring reinsurance input
Governance risk monitoring and process adherence
Ensure reinsurance guidelines and processes are adhered to
Monitor and review Strategic Key Risk Indicators per the risk register
Capability uplift across the business
Provide training to other divisions as and when required
Requirements
- Relevant degree plus insurance qualification
- FAIS compliant
- Minimum 10 years experience in insurance and or reinsurance
- Proven leadership and team management capability
- Strong understanding of cell captive mechanisms and the broader insurance landscape including UMAs general and specialist insurance and reinsurance markets
Advantageous
- Experience in the cell captive industry
- A track record of building or scaling an in-house reinsurance capability
- Strong broker and reinsurer network and negotiation track record
Core Competencies (What success looks like)
- Strong negotiation and influencing ability (reinsurers and brokers)
- Commercial judgment with technical rigour (programme structure and execution)
- Analytical thinking and attention to detail (portfolio and performance reporting)
- Solutions-driven and comfortable working under pressure
- High-quality stakeholder management and client presence
- Values-led leadership (integrity accountability teamwork diversity innovation)
Benefits
Why You should apply
High-impact role with visible client engagement and strategic influence
Opportunity to shape a stronger non-life reinsurance function and internal capability
Meaningful leadership scope across stakeholders and reinsurance outcomes
Hybrid work setup based in Sandton
Required Skills:
reinsurance cell captive
Company Industry
Internet Service Providers / Retail Appliances / Electrical and Electronic Equipment
Key Skills
- Healthcare Attorney
- Data Management
- Downstream
- Insurance
- Electrical Maintenance
