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Johannesburg: Head of Reinsurance

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Job Description

Responsibilities will include: 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 risks appetite. Advice executive management on reinsurance structures, market conditions, and risk transfer options. Perform experience and other investigations on the reinsurance and risk sharing portfolios and making sound risk and profitability management recommendations. Understand clients needs and their priorities and ensuring that their needs are met. Contributing to technical reinsurance management, including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk sharing agreements. Build and maintain strong relationship 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 decision-making skills. Experience and Qualifications Degree in Actuarial Science, Finance or related field. Nearly or Newly Qualified Actuary, CA, or equivalent qualification will be 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.

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How to Apply

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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.

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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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