Assistant Manager, Reinsurance

MSIG Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Medical

Education Support

Dental

Vision

Insurance Coverage

Car and Housing Loan Interest Subsidy

Hybrid Workplace

Birthday Leave

Long Service Award

Company Annual Dinner

Sport Club

Job summary

MSIG Malaysia seeks a professional to support the Head and Manager in Treaty Reinsurance operations, including 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.

Qualifications

• Tertiary qualification in Insurance, Accounting or related field.
• Minimum 5 years of relevant working experience.
• Proven planning and organisational abilities.
• Strong analytical and conceptual thinking skills.

Responsibilities

• Assist the Head and Manager in daily Treaty Division activities, supervising staff and providing guidance.
• Collate treaty statistics for renewal, including claims trends and loss ratios.
• Monitor reinsurers' security and maintain relationships with reinsurers and brokers.
• Ensure timely statements of accounts and regulatory submissions for treaty programmes.
• Support testing and implementation of automated Treaty Cession in the P400 System and other projects.

Skills

Planning

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

What We Offers

• Medical, Education Support, Dental Vision, Insurance Coverage, Car and Housing Loan Interest Subsidy, Hybrid Workplace (depends to nature of role), Birthday Leave, Long Service Award, Company Annual Dinner, Sport Club.
• If you are passionate, motivated and ready for a new challenge, we'd love to welcome you.
• We appreciate your interest to join us. Your application is Kept-In-View if you do not hear from us within 14 days of submitting your application.