Facultative Reinsurance Specialist

Consulture Search Limited; Abu Dhabi; On-site; AED 180,000 - 420,000; Full time

Job summary

Consulture Search Limited in the UAE is seeking an experienced Facultative Reinsurance Specialist to join its reinsurance function. The role emphasizes facultative placement, portfolio management and technical assessment across designated classes of business, collaborating with underwriting teams, brokers, reinsurers and internal stakeholders.

The successful candidate will manage complex placements, review submissions and ensure alignment with underwriting guidelines and risk appetite, while

Qualifications

• Must be an Emirati / UAE National.
• Extensive experience in facultative reinsurance placement and portfolio management.
• Strong understanding of underwriting principles and reinsurance documentation.

Responsibilities

• Manage facultative reinsurance placements across designated classes of business.
• Prepare and review submissions, underwriting information, and placement documentation.
• Secure capacity terms and conditions from local and international reinsurers and brokers.
• Maintain strong relationships with reinsurers, brokers and internal stakeholders.
• Monitor portfolios, identify concentration and exposure issues, and support strategy reviews.
• Ensure documentation is complete and aligned with regulatory requirements.

Skills

Facultative reinsurance

Portfolio management

Market negotiation

Education

Degree in Insurance / Risk Management / Finance

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.