Reinsurance Manager

SUNDUS MANAGEMENT CONSULTANCY & STUDIES BUREAUL.L.C; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

SUNDUS MANAGEMENT CONSULTANCY & STUDIES BUREAUL.L.C in Abu Dhabi seeks a Reinsurance Manager to lead all reinsurance activities and align with strategy and regulatory requirements. The role reports to the COO and collaborates with Finance, Claims, and Underwriting.

The ideal candidate has 5+ years in reinsurance, UAE/GCC exposure, and strong leadership with expertise in accounting, recoveries, and broker coordination.

Qualifications

• Bachelor's degree in Commerce, Finance, Insurance, or related discipline.
• Recognized professional qualification in Insurance and/or Reinsurance.
• Good understanding of applicable insurance and solvency requirements in the GCC/UAE market.

Responsibilities

• Manage and administer active reinsurance treaties and placements.
• Handle reinsurance accounting, treaty accounts, settlements, and reconciliations.
• Monitor reinsurance recoverables and outstanding balances.
• Prepare treaty accounts, bordereaux, reports, and related documentation.
• Coordinate recoveries, claims notifications, and communications with reinsurers and brokers.
• Maintain accurate treaty records, registers, contracts, and correspondence.
• Monitor treaty renewals, notice periods, and contractual obligations.
• Review reinsurance capacity and structures based on business and portfolio requirements.
• Coordinate with Finance, Claims, Underwriting, and other relevant departments.
• Ensure compliance with financial reporting, solvency, and regulatory requirements.
• Lead and supervise a small reinsurance team.
• Escalate material issues and provide management reports on reinsurance activities.

Skills

Reinsurance knowledge

Reinsurance accounting

Recovery coordination

Negotiation skills

Analytical thinking

Excel proficiency

Insurance systems

Leadership

Organization

Education

Bachelor's degree in Commerce/Finance/Insurance

Professional qualification in Insurance/Reinsurance

Tools

Excel

Insurance/reinsurance systems

Job description

• The Reinsurance Manager will report to the Chief Operating Officer and will be responsible for managing and coordinating all reinsurance activities in line with the organization's reinsurance strategy, policies, business objectives, and applicable regulatory requirements.

  Key Responsibilities

  • Manage and administer active reinsurance treaties and placements.

  • Handle reinsurance accounting, treaty accounts, settlements, and reconciliations.

  • Monitor reinsurance recoverables and outstanding balances.

  • Prepare treaty accounts, bordereaux, reports, and related documentation.

  • Coordinate recoveries, claims notifications, and communications with reinsurers and brokers.

  • Maintain accurate treaty records, registers, contracts, and correspondence.

  • Monitor treaty renewals, notice periods, and contractual obligations.

  • Review reinsurance capacity and structures based on business and portfolio requirements.

  • Coordinate with Finance, Claims, Underwriting, and other relevant departments.

  • Ensure compliance with financial reporting, solvency, and regulatory requirements.

  • Lead and supervise a small reinsurance team.

  • Escalate material issues and provide management reports on reinsurance activities.

  Desired Candidate Profile

  • Qualifications

    • Bachelor's degree in Commerce, Finance, Insurance, or a related discipline.

    • Recognized professional qualification in Insurance and/or Reinsurance is required.

    • Good understanding of applicable insurance and solvency requirements in the GCC/UAE market.

  • Experience

    • Minimum 5 years of relevant experience in reinsurance, preferably within an insurance

    • UAE or GCC experience in UAE, Oman, Qatar, or Saudi Arabia is preferred.

    • Proven experience in treaty administration, reinsurance accounting, recoveries, settlements, and reinsurer/broker coordination.

    • Previous experience supervising or leading a small team within the reinsurance function.

    • Experience working closely with Finance, Claims, Underwriting, and other business functions.

  • Required Skills & Competencies

    • Strong knowledge of reinsurance and treaty operations.

    • Reinsurance accounting and reconciliation.

    • Recovery and claims coordination.

    • Strong communication and negotiation skills.

    • Analytical and problem-solving abilities.

    • Good knowledge of Excel and insurance/reinsurance systems.

    • Strong leadership and organizational skills.