Head of Reinsurance

Michael Page; Mumbai; On-site; INR 2,000,000 - 3,000,000; Full time

Job summary

Michael Page is looking for an experienced individual to shape reinsurance strategies for a digital-first insurer located in Mumbai, India. This role requires at least 12 years of experience in reinsurance, with 5+ years in senior leadership. Responsibilities include optimizing reinsurance programs, ensuring compliance with regulations, and driving innovation through digital tools. Applicants should have a Bachelor's degree in Finance or related fields, with professional certifications being a plus.

Qualifications

• 12+ years in reinsurance with 5+ years in senior leadership.
• Proven expertise in treaty and facultative reinsurance across P&C and Health.
• Strong knowledge of IRDAI regulations and Indian/Asian reinsurance markets.

Responsibilities

• Develop and execute reinsurance strategies aligned with business goals.
• Oversee reinsurance operations ensuring adherence to regulations.
• Build relationships with reinsurers, brokers, and intermediaries.
• Drive automation in reinsurance processes using digital tools.
• Monitor program performance and conduct stress testing.
• Build and lead a high-performing reinsurance team.

Skills

Reinsurance structures understanding

Analytical skills

Financial modeling

Negotiation skills

Stakeholder management

Education

Bachelor's degree in Finance, Actuarial Science, or related fields

Master's or MBA

Professional certifications (e.g., ACII, CPCU, FCII)

Job description

• Be a part of a foundation team
• Growth Story

About Our Client

This role offers a unique opportunity to shape reinsurance strategies for a digital-first insurer, driving growth, efficiency, and resilience in a dynamic market.

Job Description

1. Reinsurance Strategy & Program Design
   • Develop and execute reinsurance strategies aligned with business goals and regulatory requirements.
   • Optimize treaty and facultative reinsurance programs for capital efficiency and profitability.
   • Model retention levels, coverage structures, and costs to maximize value.
2. Reinsurance Operations & Compliance
   • Oversee reinsurance operations, ensuring adherence to governance, controls, and IRDAI regulations.
   • Manage reinsurance reporting, recoveries, and financial settlements.
   • Maintain accurate documentation of contracts and endorsements.
3. Stakeholder & Market Management
   • Build and maintain strong relationships with reinsurers, brokers, and intermediaries.
   • Negotiate terms, conditions, and pricing to secure optimal coverage.
   • Collaborate with underwriting, actuarial, claims, and finance teams to align reinsurance strategies with business objectives.
4. Process Optimization & Digital Innovation
   • Drive automation and efficiency in reinsurance processes using digital tools.
   • Implement analytics and dashboards for performance monitoring and reporting.
   • Integrate reinsurance systems with core insurance platforms for seamless operations.
5. Risk Management & Financial Analysis
   • Monitor program performance, utilization, and counterparty credit risk.
   • Conduct scenario analysis and stress testing to assess protection adequacy.
   • Provide financial insights on reinsurance strategy and capital optimization.
6. Leadership & Team Development
   • Build and lead a high-performing reinsurance team.
   • Foster technical expertise, collaboration, and continuous learning within the team.

Requirements

Education & Qualifications

• Bachelor's degree in Finance, Actuarial Science, or related fields; Master's or MBA preferred.
• Professional certifications (e.g., ACII, CPCU, FCII) are a plus.

Experience

• 12+ years in reinsurance, with 5+ years in senior leadership.
• Proven expertise in treaty and facultative reinsurance across P&C and Health.
• Strong knowledge of IRDAI regulations and Indian/Asian reinsurance markets.

Skills & Competencies

• Deep understanding of reinsurance structures, pricing, and capital optimization.
• Strong analytical and financial modeling skills.
• Experience with reinsurance technology platforms and automation tools.
• Excellent negotiation, communication, and stakeholder management skills.
• Strategic mindset with a focus on collaboration and innovation.