Johannesburg: Head of Reinsurance – Insurance posted by Be Different Recruitment

In order to be considered the following is required:

• 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)
• At least 7 years relevant working experience in the life insurance/reinsurance industry
• 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

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 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

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Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application.