Assistant Manager, Reinsurance

MSIG Insurance (Malaysia) Bhd; Kuala Lumpur; Hybrid; MYR 90,000 - 150,000; Full time

Benefits offered by this job

Medical

EducationSupport

DentalVision

InsuranceCoverage

CarandHousingLoanInterestSubsidy

HybridWorkplace(dependstonatureofrole)

BirthdayLeave

LongServiceAward

CompanyAnnualDinner

SportClub

Job summary

MSIG Insurance (Malaysia) Bhd is seeking a Treaty Reinsurance professional to support the Head and Manager in managing Treaty operations, including renewals, documentation, reinsurer security monitoring, regulatory submissions, and technical support.

This role also involves maintaining relationships with reinsurers and brokers and assisting with the Company’s treaty programme and reinsurance initiatives, in a hybrid workplace based in Kuala Lumpur.

Qualifications

• Tertiary qualification, preferably in Insurance, Accounting, or a related field.
• Minimum 5 years of relevant working experience.

Responsibilities

• Assist the Head and Manager in managing the daily activities of the Treaty Division, including supervision and training of subordinates.
• Collate Non-Proportional and Proportional Treaty statistics for treaty renewal and monitor claims trends and loss ratios.
• Maintain relationships with Reinsurers and Brokers, and provide technical training on reinsurance/MSIG Treaties.
• Ensure cessions to Treaty align with the treaty programme and submit statements of accounts to Reinsurers, Brokers, and MNRB for Voluntary/Auto Fac cessions; submit REINS to Bank Negara Malaysia as required.
• Support acceptance testing of automated Treaty Cession in the P400 System and assist with company projects and new initiatives.

Skills

Planning

Organisational skills

Analytical thinking

Conceptual thinking

Education

Tertiary qualification in Insurance/Accounting

Job description

We are looking for a professional to support the Head and Manager in managing Treaty Reinsurance operations, including treaty renewals, documentation, reinsurer security monitoring, regulatory submissions, and technical support. The role also involves maintaining relationships with Reinsurers and Brokers and supporting the Company’s treaty programme and reinsurance initiatives.

Key Responsibilities

Assist the Head and Manager in managing the daily activities of the Treaty Division, including supervision and training of subordinates, Treaty documentation, and provision of technical guidance and advice.

Collate Non-Proportional and Proportional Treaty statistics for treaty renewal, including company and market data relating to claims trends and loss ratios, and monitor and update the security status of Reinsurers participating in the Company’s Treaty Programme.

Maintain professional relationships with Reinsurers and Brokers, manage requests for special acceptance, and provide technical training on reinsurance/MSIG Treaties.

Ensure cessions to Treaty are in accordance with the agreed treaty programme, including timely submission of statements of accounts to Reinsurers, Brokers, and MNRB for Voluntary/Auto Fac cessions, as well as timely submission of REINS to Bank Negara Malaysia in accordance with applicable regulatory requirements.

Support acceptance testing of automated Treaty Cession in the P400 System, provide technical assistance to subordinates and other departments, and assist with the Company’s projects and new initiatives as required.

Qualification

Tertiary qualification, preferably in Insurance, Accounting, or a related field.

Minimum 5 years of relevant working experience.

Required Skills

Good planning and organisational skills

Strong analytical and conceptual thinking skills

WhatWeOffers

• Medical
• EducationSupport
• DentalVision
• InsuranceCoverage
• CarandHousingLoanInterestSubsidy
• HybridWorkplace(dependstonatureofrole)
• BirthdayLeave
• LongServiceAward
• CompanyAnnualDinner
• SportClub

Perks and benefits

• Medical Education support
• Dental Vision
• Insurance Coverage
• Car and Housing Loan Interest

MSIG Insurance (Malaysia) Bhd is a subsidiary of Mitsui Sumitomo Insurance Company, Ltd. network in Japan and a member of MS&AD Insurance Group Holdings, Inc., one of the largest General Insurance groups in the world.

The Group operates in over 46 countries and regions, of which 18 are in Asia, and has received strong financial standing from rating agencies such as Standard & Poor’s and Moody’s.

MSIG Malaysia

MSIG Malaysia is a licensed General Insurer under Financial Services Act 2013 and regulated by Bank Negara Malaysia.

Our headquarters is in Kuala Lumpur and with over 100 years of experience in General Insurance, MSIG Malaysia has grown a strong network with 20 branches nationwide. Today, we are one of the largest General Insurer in the country – No.1 in Marine Cargo & No. 2 in Fire Insurance categories.

Small steps, big leaps

At the 2015 Asia Insurance Industry Awards, we were named the ‘General Insurance Company of the Year’ in recognition of our efforts to advance the Customer Experience and Industry Leadership in Enterprise Risk Management.

Sustainable efforts are part of our culture. Championing activities on climate change and life changes for communities, the Malaysian MSIG team is wholeheartedly committed to UN Sustainable Development Goal 3 Good Health and Well-being, Goal 4 Quality Education, Goal 11 Sustainable Cities and Communities and Goal 13 Climate Action.

MSIG Insurance (Malaysia) Bhd is a subsidiary of Mitsui Sumitomo Insurance Company, Ltd. network in Japan and a member of MS&AD Insurance Group Holdings, Inc., one of the largest General Insurance groups in the world.

The Group operates in over 46 countries and regions, of which 18 are in Asia, and has received strong financial standing from rating agencies such as Standard & Poor’s and Moody’s.

MSIG Malaysia

MSIG Malaysia is a licensed General Insurer under Financial Services Act 2013 and regulated by Bank Negara Malaysia.

Our headquarters is in Kuala Lumpur and with over 100 years of experience in General Insurance, MSIG Malaysia has grown a strong network with 20 branches nationwide. Today, we are one of the largest General Insurer in the country – No.1 in Marine Cargo & No. 2 in Fire Insurance categories.

Small steps, big leaps

At the 2015 Asia Insurance Industry Awards, we were named the ‘General Insurance Company of the Year’ in recognition of our efforts to advance the Customer Experience and Industry Leadership in Enterprise Risk Management.

Sustainable efforts are part of our culture. Championing activities on climate change and life changes for communities, the Malaysian MSIG team is wholeheartedly committed to UN Sustainable Development Goal 3 Good Health and Well-being, Goal 4 Quality Education, Goal 11 Sustainable Cities and Communities and Goal 13 Climate Action.