Head of Reinsurance | Sandton

SUMMARY:
Head of Reinsurance | Sandton

POSITION INFO:

Head of Reinsurance

An industry-leading company is seeking an experienced and strategic-minded

Head of Reinsurance to lead its life reinsurance department. This position requires a professional who can implement strategic initiatives, make key recommendations, and ensure compliance and governance.

Key Responsibilities:

• Lead negotiations for reinsurance treaties and risk-sharing arrangements, including structuring, pricing, and terms.

• Serve as a senior contributor to the company''s reinsurance strategy, aligning it with business objectives and risk appetite.

• Advise executive management on reinsurance structures, market conditions, and various risk transfer options.

• Analyze reinsurance and risk-sharing portfolios to provide recommendations on risk and profitability management.

• Collaborate with internal stakeholders and reinsurers to ensure effective communication and execution of reinsurance arrangements.

• Enforce policies, procedures, and controls for all reinsurance activities.

• Manage the performance and development of direct reports.

• Oversee operations in both South Africa and Mauritius.

Qualifications and Skills:

• A degree in Actuarial Science, Finance, or a related field is required.

• A qualified Actuary, CA, or an equivalent qualification is advantageous.

• At least 7 years of relevant work experience in the life insurance or reinsurance industry.

• Extensive knowledge of various reinsurance arrangements and structures (e.g., treaty, facultative, quota share, surplus, excess of loss).

• Excellent negotiation and relationship management skills.

• Strong analytical, financial, and actuarial modeling skills are essential.

• The ideal candidate is a strategic thinker with the ability to balance risk, growth, and cost, and possesses high integrity and strong decision-making skills.