Job Description

Introduction

Implementing strategic initiatives, making strategic recommendations, managing treaty placements and ensuring governance and compliance.

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Implementing strategic initiatives, making strategic recommendations, managing treaty placements and ensuring governance and compliance.

Requirements

Degree in Actuarial Science, Finance or related field.
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.

Duties & 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.
Cover operations in South Africa and Mauritius.

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.