Executive, Reinsurance (Facultative)

MSIG Malaysia; Kuala Lumpur; Hybrid; MYR 120,000 - 160,000; Full time

Benefits offered by this job

Medical and Education Support

Dental Vision and Insurance Coverage

Car and Housing Loan Interest Subsidy

Hybrid Workplace

Job summary

MSIG Malaysia is seeking an RI Facultative (Executive) to oversee Treaty and Facultative Reinsurance operations. You will support the leadership team in managing programs, ensuring compliance, and maintaining strong relationships with reinsurers and brokers.

The role analyzes risks, renews treaties, and facilitates facultative placements to strengthen our insurance portfolio. Requirements include a degree (insurance or accounting), at least 5 years of relevant experience, and strong written and

Qualifications

• Degree holder (preferably in insurance or accounting).
• Minimum 5 years of related working experience.
• Strong communication and interpersonal skills (written and spoken).

Responsibilities

• Collate Non-Proportional & Proportional Treaty Statistics for treaty renewals.
• Maintain accurate documentation for treaty processes.
• Collect and compile company and market statistics related to claims trends and loss ratios.
• Monitor and update the security status of reinsurers participating in our treaty program.
• Ensure timely submission of statements of accounts to reinsurers and brokers.
• Request special acceptance from treaty reinsurers or brokers when needed.
• Handle daily facultative reinsurance activities.
• Ensure full compliance with internal, external, and regulatory requirements (e.g., LSR).
• Coordinate and support marketing efforts for facultative reinsurance inwards business.
• Manage and control CAB facultative reinsurance outwards transactions.
• Maintain strong working relationships with colleagues and peers.
• Conduct acceptance testing for automated reinsurance cessions in the P400 System.
• Assist in company projects or initiatives as required.

Skills

Communication skills

Education

Degree in insurance or accounting

Job description

We are looking for an RI Facultative (Executive) to oversee Treaty and Facultative Reinsurance operations. In this role, you will support the leadership team in managing reinsurance programs, ensuring compliance, and maintaining strong relationships with reinsurers and brokers. This position plays a key role in analyzing risks, renewing treaties, and facilitating facultative placements to strengthen our insurance portfolio.

Responsibilities:-

1.Treaty Reinsurance:

• Collate Non-Proportional & Proportional Treaty Statistics for treaty renewals.
• Maintain accurate documentation for treaty processes.
• Collect and compile company and market statistics related to claims trends and loss ratios.
• Monitor and update the security status of reinsurers participating in our treaty program.
• Ensure timely submission of statements of accounts to reinsurers and brokers.
• Request special acceptance from treaty reinsurers or brokers when needed.
• Handle daily facultative reinsurance activities.
• Ensure full compliance with internal, external, and regulatory requirements (e.g., LSR).
• Coordinate and support marketing efforts for facultative reinsurance inwards business.
• Manage and control CAB facultative reinsurance outwards transactions.

3.Additional Responsibilities:

• Maintain strong working relationships with colleagues and peers.
• Conduct acceptance testing for automated reinsurance cessions in the P400 System.
• Assist in company projects or initiatives as required.

Qualifications

• Degree Holder (preferably in insurance or accounting).
• Minimum 5 years of related working experience.
• Strong communication and interpersonal skills (written and spoken).

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.