The role holder will report to the Chief Underwriting Officer and will be responsible to define, execute and maintain an appropriate Reinsurance strategy to support the achievement of the organisations strategic and business objectives. The incumbent will manage a team of two people. Responsibilities: Develop and implement an effective Reinsurance strategy Translate the organisational strategic plan and define the Reinsurance strategy and policy with agreed specific tactical actions Obtain agreement on the plan from the Chief Underwriting Officer (CUO), CEO and Executive team Ensure that all reinsurance across the group (South Africa, Botswana and partner markets) is placed at competitive terms and within all risk appetite rules, in collaboration with business, our reinsurance brokers and our reinsurance partners, for both treaty and facultative arrangements. Communicate the Reinsurance strategy to key stakeholders to achieve buy-in Work closely with Broker Distribution and other companybusiness units to develop and obtain agreement on their strategic business plans and participate in the development of the companys financial plan Effective Reinsurance Capacity Management (Treaty) Identify and manage all Reinsurance exposures through accurate assessment of the risk appetite of the insurer and the line of business Gather and utilise in-depth knowledge of each line of business underwritten by company and the exposures present Hold regular discussions with Heads of Underwriting divisions in each line of business segment to determine the basis of exposures and reinsurance requirements Collaborate and communicate with external Actuaries, Reinsurance Brokers and the Reinsurance Forum regarding minimum security requirements Ensure the approved programme is effectively implemented and communicated Monitor and assess Reinsurance exposure continually to ensure security ratings comply with minimum requirements Effective Reinsurance Capacity Management (FAC) Identify and manage all Reinsurance exposures through accurate assessment of the risk appetite of the insurer and the line of business Manage facultative negotiations & placement timeously, prior to the renewal date Manage over exposures and obtain urgent FAC placements to minimise companys treaty commitment Effective Reinsurance administration and assistance with reinsurance accounting Take ownership of the technical Reinsurance administration process including information management Ensure that the Treaty structures and underwriting limits are correctly raised o TIAL, TIA and any other applicable IT platform Ensure appropriate tools are developed and implemented for Reinsurance placing and administration Ensure all Reinsurance documents are accurately filed Work closely with the finance team to ensure the accuracy and adequacy of all our reinsurance accounting. Effective CAT accumulation management and reporting Develop, communicate and implement a CAT management plan in line with the EGI CAT management plan framework Put in place tools, processes, reports or guidelines to identify current accumulation issues and enable underwriting to identify future accumulation issues at an early stage in the underwriting process Provide feedback to the Underwriting Committee and ensure that appropriate mitigation actions are taken where disproportionate accumulation risk is identified. This can include abstinence, facultative reinsurance and the changing of policy conditions Ensure that accumulation risk is included in pricing Leadership Accountabilities Lead the team; setting objectives, reviewing performance and participating in selection and promotion decisions to ensure that employees have the necessary skills and understanding to deliver the team’s objectives Model behaviours that demonstrate commitment to companys guiding principles Take action to manage own personal development and encourage others to do the same Requirements: Business Economics or Science Degree Relevant Insurance Qualification Minimum 5-10 years experience in Reinsurance environment, preferably with an Insurer Strong computer literacy, especially MS Excel, MS Word and MS PowerPoint Extensive Reinsurance market knowledge Excellent relationship management skills and track record of executing deliverables within the required timeframes. 5 years Management and Leadership experience

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