Gauteng: Head of Reinsurance posted by Psybergate

About the Role

Psybergate is seeking an experienced professional to join our team as Head of Reinsurance. As a key member of our risk management department, you will be responsible for leading negotiations for reinsurance treaties and risk-sharing arrangements, advising executive management on reinsurance structures, and managing the performance and development of direct reports.

Key Responsibilities

• Lead negotiations for reinsurance treaties and risk-sharing arrangements, including structuring, pricing, and terms.
• Act as a 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 investigations on reinsurance portfolios and provide risk and profitability management recommendations.
• Understand clients’ needs and ensure those needs are met.
• Contribute to technical reinsurance management, including monthly reporting and interpretation of reinsurance agreements.
• Build and maintain strong relationships with reinsurers and clients.
• Collaborate with internal stakeholders (actuarial, underwriting, claims, finance, legal, compliance, risk) to ensure effective execution of reinsurance arrangements.
• Enforce policies, procedures, and controls related to reinsurance activities.
• Manage the performance and development of direct reports.

Requirements

• 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 experience in the life insurance/reinsurance industry.
• Excellent negotiation and relationship management skills.
• Strong analytical, financial, and actuarial modelling skills.
• Strategic thinker able to balance risk, growth, and cost.
• Team management and stakeholder engagement abilities.
• High integrity and strong decision-making skills.

Qualifications

• Bachelor’s degree in Actuarial Science, Finance, or related field.

Please note that if you do not hear from us within 3 weeks, consider your application unsuccessful. Join Psybergate Careers Channel here: Psybergate Careers