Sandton: Head of Reinsurance

Job Specification Recap Position : Head of Reinsurance Department : Life Reinsurance Overview : The role involves implementing strategic initiatives, making recommendations, managing treaty placements, and ensuring governance and compliance for reinsurance operations in South Africa and Mauritius. Key Responsibilities : Lead negotiations for reinsurance treaties and risk-sharing arrangements (structuring, pricing, terms). Execute company reinsurance strategy aligned with business objectives and risk appetite. Advise executives on reinsurance structures, market conditions, and risk transfer options. Conduct experience and profitability investigations for reinsurance/risk-sharing portfolios. Understand and meet client needs and priorities. Contribute to technical reinsurance management (e.g., monthly reporting, interpreting agreements). Build and maintain relationships with reinsurers and clients. Collaborate with internal stakeholders (actuarial, underwriting, claims, finance, legal, compliance, risk). Enforce policies, procedures, and controls for reinsurance activities. Manage performance and development of direct reports. Skills and Competencies : Excellent negotiation and relationship management skills. Strong analytical, financial, and actuarial modeling skills. Strategic thinking with a balance of 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. Qualified Actuary, CA, or equivalent qualification advantageous. Extensive knowledge of reinsurance arrangements (treaty, facultative, quota share, surplus, excess of loss). At least 7 years of relevant experience in life insurance/reinsurance.