Facultative Reinsurance Specialist

Consulture Search; Abu Dhabi; On-site; AED 240,000 - 480,000; Full time

Job summary

Consulture Search seeks an experienced Facultative Reinsurance Specialist for a leading UAE insurer. The role focuses on managing facultative placements, technical assessments and risk transfer with brokers, reinsurers and internal stakeholders.

Ideal candidates are UAE Nationals with strong knowledge of facultative placement structures, markets and underwriting principles, and a track record of handling high-value risks in a regulated environment.

Qualifications

• Must be an Emirati / UAE National.
• Experience in facultative reinsurance, insurance or broking.
• Knowledge of international reinsurance markets and placement structures.
• Understanding of underwriting principles and risk assessment.

Responsibilities

• Manage facultative reinsurance placements across designated classes.
• Prepare submissions, review information and placement documents.
• Negotiate terms and monitor capacity, pricing and conditions.
• Oversee portfolio performance and identify concentration risks.
• Ensure accurate documentation and regulatory compliance.
• Collaborate with underwriting, claims, finance and risk teams.

Skills

Facultative Reinsurance

Risk Assessment

Technical Underwriting

Stakeholder Management

Education

Insurance related degree

Professional insurance qualifications

Job description

About the Role

We are supporting a leading UAE insurance organisation in the appointment of an experienced Facultative Reinsurance Specialist to join its reinsurance function.

This opportunity is exclusively open to Emirati / UAE Nationals and is suited to candidates with established technical experience in facultative reinsurance, placement and portfolio management.

The successful candidate will manage facultative reinsurance requirements across relevant classes of business, working closely with underwriting teams, brokers, reinsurers and internal stakeholders to secure appropriate capacity, terms and protection.

Key Responsibilities

Facultative Placement

• Manage facultative reinsurance placements across designated classes of business.
• Prepare and review submissions, underwriting information and placement documentation.
• Secure appropriate capacity, terms and conditions from local and international reinsurance markets.

Technical Assessment

• Review facultative risks from a technical and commercial perspective.
• Assess exposures, limits, deductibles and proposed reinsurance structures.
• Ensure placements are aligned with underwriting guidelines and internal risk appetite.

Reinsurer & Broker Management

• Maintain strong relationships with reinsurers, brokers and other market counterparties.
• Negotiate terms, pricing and conditions to support effective risk transfer.
• Monitor market capacity, appetite and emerging reinsurance trends.

Portfolio Management

• Monitor facultative portfolios, utilisation and overall placement performance.
• Identify concentration, accumulation and exposure issues where relevant.
• Support portfolio reviews and provide technical input into reinsurance strategy.

Documentation & Administration

• Ensure facultative placements are accurately documented and recorded.
• Review slips, confirmations, endorsements and supporting documentation.
• Maintain complete and accurate records in line with internal and regulatory requirements.

Internal Collaboration

• Work closely with underwriting, claims, finance and risk teams.
• Provide specialist facultative advice on complex or high-value risks.
• Support senior management with market insight, reporting and strategic reinsurance initiatives.

Experience & Qualifications

• Must be an Emirati / UAE National.
• Relevant experience within facultative reinsurance, insurance or reinsurance broking.
• Strong understanding of facultative placement structures and international reinsurance markets.
• Experience handling complex, specialist or high-value risks is preferred.
• Good understanding of underwriting principles, risk assessment and reinsurance documentation.
• Existing relationships with regional or international reinsurers and brokers would be advantageous.
• Degree in Insurance, Risk Management, Finance, Business or a related discipline preferred.
• Professional insurance or reinsurance qualifications would be an advantage.

Key Competencies

• Facultative Reinsurance | Risk Assessment | Placement Strategy
• Reinsurance Markets | Negotiation | Technical Underwriting
• Portfolio Management | Broker & Reinsurer Relations | Commercial Awareness
• Analytical Thinking | Attention to Detail | Stakeholder Management

Candidate Profile

We are looking for an experienced facultative reinsurance professional with strong technical knowledge, commercial awareness and the ability to manage complex placements independently.

The role would suit an Emirati specialist with established facultative experience who is looking to take on broader responsibility within a leading UAE insurance environment.

This vacancy is exclusively available to Emirati / UAE Nationals.