Head of Reinsurance

Johannesburg - South Africa

Monthly Salary: Not Disclosed

Posted on: 11 hours ago

Vacancies: 1 Vacancy

Job Summary

OVERVIEW

Responsible for implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.

KEY 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 risk appetite
Advise executive management on reinsurance structures market conditions and risk transfer options
Perform experience and other investigations on the reinsurance and risk-sharing portfolios making sound risk and profitability management recommendations
Understand clients needs and priorities ensuring their needs are met
Contribute to technical reinsurance management including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk-sharing agreements
Build and maintain strong relationships 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

SKILLS AND 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 sound decision-making skills

EXPERIENCE AND QUALIFICATIONS

Degree in Actuarial Science Finance or related field
Nearly or newly qualified Actuary CA or equivalent qualification 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

OVERVIEWResponsible for implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance. KEY RESPONSIBILITIES Lead negotiations for reinsurance treaties and risk-sharing arrangements including structuring pricing and termsAct as s...

OVERVIEW

Responsible for implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.

KEY 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 risk appetite
Advise executive management on reinsurance structures market conditions and risk transfer options
Perform experience and other investigations on the reinsurance and risk-sharing portfolios making sound risk and profitability management recommendations
Understand clients needs and priorities ensuring their needs are met
Contribute to technical reinsurance management including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk-sharing agreements
Build and maintain strong relationships 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

SKILLS AND 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 sound decision-making skills

EXPERIENCE AND QUALIFICATIONS

Degree in Actuarial Science Finance or related field
Nearly or newly qualified Actuary CA or equivalent qualification 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