Re-insurance Manager

2 weeks ago


Tygervalley, South Africa PSG Konsult Full time

A Reinsurance Manager in the context of short-term insurance, plays a crucial role in managing the reinsurance arrangements for an insurance company. Their primary responsibility is to optimize the company's risk exposure by transferring a portion of their insurance liabilities to reinsurers.

**Job Title**: Reinsurance Manager (Short-Term Insurance)

A Reinsurance Manager in short-term insurance is responsible for overseeing the reinsurance strategies and operations of an insurance company. This role involves a combination of financial analysis, risk assessment, and relationship management with reinsurers.

**Key responsibilities include**:

- **Reinsurance Strategy**: Developing and implementing reinsurance strategies to effectively manage the company's risk exposure and capital allocation.
- **Underwriting and Risk Assessment**: Evaluating risks associated with insurance policies and determining the appropriate reinsurance coverage to mitigate those risks.
- **Reinsurance Placement**: Identifying suitable reinsurance partners, negotiating reinsurance contracts, and ensuring the best possible terms and pricing for the company.
- **Financial Analysis**: Analyzing reinsurance agreements to ensure they align with the company's financial objectives and regulatory requirements.
- **Claims Management**: Collaborating with claims departments to handle and settle claims related to reinsured policies, ensuring a smooth claims process.
- **Data Analysis**: Utilizing data analytics and actuarial techniques to make informed decisions regarding reinsurance needs.
- **Compliance**: Ensuring that all reinsurance activities comply with relevant industry regulations and guidelines.
- **Relationship Management**: Cultivating and maintaining strong relationships with reinsurers to facilitate ongoing collaboration and negotiations.
- **Risk Modeling**: Utilizing risk modeling and scenario analysis to assess potential impacts on the company's portfolio and reinsurance program.
- **Documentation and Reporting**: Maintaining comprehensive records of reinsurance contracts, transactions, and performance, and generating reports for internal and external stakeholders.

**Qualifications and Skills**:

- Bachelor's degree in finance, insurance, risk management, or a related field (Advanced degrees may be preferred).
- In-depth knowledge of insurance and reinsurance principles and practices.
- Strong analytical and quantitative skills, including proficiency in Excel and financial modeling.
- Excellent negotiation and communication skills.
- Understanding of regulatory compliance in the insurance industry.
- Ability to work collaboratively with other departments, such as underwriting, claims, and actuarial teams.
- Knowledge of relevant software and tools for risk analysis and modeling.
- Strong organizational skills and attention to detail.

Reinsurance Managers play a critical role in the financial stability and risk management of short-term insurance companies, ensuring that they can continue to provide coverage to their policyholders while efficiently managing their liabilities.

Application Question(s):

- Do you have short term insurance experience?
- Do you have 3-5 years reinsurance experience?

Ability to Commute:

- Tygervalley, Western Cape (required)

Ability to Relocate:

- Tygervalley, Western Cape: Relocate before starting work (required)



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