Job Description

Our Client is the undisputed market leader in cell captive insurance and risk solutions, renowned for an innovative approach to cell captive structures and other alternative risk transfer solutions.

Purpose of the Role

The role is developed to advance the RI Discipline within the Group through a multifaceted approach by enhancing client-facing abilities and providing greater technical skill and delivery. The incumbent is responsible for management of the non-life reinsurance division, providing leadership and management to the reinsurance team and support functions (technical reinsurance accounting and reinsurance claims), including other divisions and external clients, and will initially be focused on greater client engagement and delivery of optimised reinsurance solutions to cell captive and business.

Key Responsibilities (What you will do)

Business growth, internal capability and client visibility

Support growth in the business and deliver greater internal capacity, reducing reliance and cost of external reinsurance service suppliers; be more visible and engaged with the client base


Deliver appropriate and optimised reinsurance advice to cell captive clientele

Reinsurance programme structuring, contracting and placement activity

Reinsurance programme structuring in line with client's and company strategic objectives


Negotiate renewal and new business with reinsurers and reinsurance brokers


Ensure accurate and timeous completion of reinsurance contracts

Underwriting data and exposure aggregation

Collate underwriting information and data for compilation of risk profiles and CRESTA aggregates

Portfolio performance reporting and stakeholder reporting cadence

Compile quarterly performance reports for the portfolio, including analysis of claims development, understanding of clients' pricing methodology and underwriting philosophy


Conduct regular meetings with relevant stakeholders (internal technical divisions, clients, reinsurers and reinsurance brokers) to ensure efficient reporting to all parties


Produce monthly management reports

Market monitoring and reinsurer security awareness

Keep abreast of reinsurance market developments to identify movements that could adversely or positively affect the security of any reinsurer in the approved panel of reinsurance partners

Statutory reporting, audit and regulatory input

Contribute to completion of the annual statutory reports (reinsurance components)


Provide input in scoping auditing requirements for Internal Audit


Provide input and comments on regulatory papers requiring reinsurance input

Governance, risk monitoring and process adherence

Ensure reinsurance guidelines and processes are adhered to


Monitor and review Strategic Key Risk Indicators per the risk register

Capability uplift across the business

Provide training to other divisions as and when required

Requirements

Relevant degree plus insurance qualification FAIS compliant Minimum 10 years' experience in insurance and or reinsurance Proven leadership and team management capability
Strong understanding of cell captive mechanisms and the broader insurance landscape, including UMAs, general and specialist insurance, and reinsurance markets

Advantageous

Experience in the cell captive industry A track record of building or scaling an in-house reinsurance capability Strong broker and reinsurer network and negotiation track record

Core Competencies (What success looks like)

Strong negotiation and influencing ability (reinsurers and brokers) Commercial judgment with technical rigour (programme structure and execution) Analytical thinking and attention to detail (portfolio and performance reporting) Solutions-driven and comfortable working under pressure High-quality stakeholder management and client presence Values-led leadership (integrity, accountability, teamwork, diversity, innovation)

Benefits

Why You should apply

High-impact role with visible client engagement and strategic influence


Opportunity to shape a stronger non-life reinsurance function and internal capability


Meaningful leadership scope across stakeholders and reinsurance outcomes


Hybrid work setup based in Sandton