Reinsurance Manager

Kshema General Insurance; Hyderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Health benefits

Job summary

Kshema General Insurance invites a Reinsurance Manager to design and oversee our reinsurance programs. You will work with brokers, reinsurers, and internal teams to ensure optimal risk transfer and financial outcomes.

You will lead submissions, negotiate terms, and ensure compliant, timely reporting and settlements. A strong background in Indian reinsurance practice and related certifications is preferred.

Qualifications

• Strong knowledge of reinsurance concepts, types, pricing, and accounting.
• Professional certification in reinsurance is desirable.
• Experience with Indian insurance markets preferred.

Responsibilities

• Design and monitor reinsurance programs aligned with risk appetite and objectives.
• Negotiate pricing, terms, and conditions with reinsurers and brokers.
• Prepare submissions, proposals and contracts for reinsurance.
• Ensure compliance with internal and external standards and regulations.
• Oversee accounting, reporting and auditing of reinsurance activities.

Skills

Reinsurance knowledge

Negotiation

Analytical skills

Communication skills

Regulatory compliance

Education

Bachelor or Master in Insurance/Finance/Actuarial

Job description

As a Reinsurance Manager, you will be responsible for design, negotiation, placement, and monitoring of reinsurance programs in line with the risk appetite, financial objectives and regulatory requirements for Kshema General Insurance Limited. You will work closely with Kshemas stakeholders like brokers and reinsurance partners along with Kshemas internal departments like Underwriting, Finance and Actuarial teams to achieve your deliverables.

Key Responsibilities:

• Developing and reviewing the retention strategy and reinsurance program as per the risk appetite, financial objectives, and regulatory requirements.
• Evaluating the reinsurance needs and opportunities for Kshema, based on an analysis of risk profile, capital position and market conditions
• Negotiating and securing optimal pricing, terms, and conditions for reinsurance contracts with reputable and financially sound reinsurers.
• Preparing and reviewing the reinsurance submissions, proposals, and contracts.
• Ensuring compliance of all reinsurance discussions, contracts and submissions with internal and external standards and regulations.
• Leading the reinsurance accounting, reporting, and auditing processes, and ensuring timely and accurate settlement of reinsurance transactions and claims.
• Monitoring the performance of reinsurance programs, and conduct regular reviews and audits to identify gaps, and suggest changes in the program to address gaps and/or save reinsurance spend;
• Establishing and maintaining effective communication with reinsurance brokers, reinsurers, and internal stakeholders, and resolving any disputes or queries; and
• Keeping abreast of the latest trends, developments, and best practices in the reinsurance industry, and providing insights and recommendations to senior management.

Requirements:

• In-depth knowledge of current reinsurance regulations, reinsurance concepts, principles, and practices, such as reinsurance types, structures, pricing and accounting.
• Professional certification or designation in reinsurance from a reputed institute is desirable.
• Extensive experience in reinsurance domain; preferably with an Indian Insurance company
• Strong analytical, problem-solving, and decision‑making skills, and the ability to evaluate complex and dynamic reinsurance scenarios and risks.
• Excellent negotiation, communication, and interpersonal skills, and the ability to build and maintain positive and productive relationships with internal and external parties.
• High level of integrity, professionalism, and ethical standards, and the ability to comply with relevant laws, regulations, and codes of conduct; and
• Strategic, innovative, and results‑oriented mindset, and the ability to align reinsurance objectives and activities with the companys vision, mission, and values.

Educational Qualifications

• Bachelors or masters degree in insurance, finance, actuarial science, or a related field

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