Job Description
About the Role
We are seeking a seasoned professional to lead our reinsurance efforts and drive business growth through strategic negotiations and risk management. As Head of Reinsurance, you will be responsible for leading negotiations for reinsurance treaties and risk-sharing arrangements, advising executive management on reinsurance structures and market conditions, and ensuring that client needs are met.
Key Responsibilities
- Lead negotiations for reinsurance treaties and risk-sharing arrangements
- 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
Qualifications
No specific qualifications mentioned.
Salary & Benefits
Salary information not provided.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in Gauteng
In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.
When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.
Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.
Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.
For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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