Head of Reinsurance

SUMMARY:
Head of Reinsurance

POSITION INFO:

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.