Senior Reinsurance Regulation & Oversight

Cima; George Town; On-site; MYR 543,000 - 678,000; Full time

Benefits offered by this job

Health insurance

Pension

Vacation

Life Insurance

Job summary

CIMA in Grand Cayman is seeking a Reinsurance Specialist to supervise complex reinsurance programs and ensure compliance with the Insurance Act and related regulations. You will lead inspections, assess risk, and liaise with legal and policy divisions to align practices with international standards.

Applicants should have a strong actuarial/regulatory background, at least seven years in reinsurance with management experience, and relevant qualifications. A competitive benefits package is offered.

Qualifications

• Bachelor’s Degree in Insurance or Finance or quantitative major.
• Professional qualification in insurance/reinsurance or risk management (ARe, CLU, CPCU, ACII, FRM, CFA, CAA).
• At least seven years of cumulative experience in reinsurance with five years in management.
• Knowledge of accounting principles and ability to analyse financial statements for (re)insurance.
• Specialised knowledge in multiple areas: general and reinsurance, life reinsurance, ILS, international markets.

Responsibilities

• Lead supervision of reinsurance programs and regulatory compliance.
• Draft and propose amendments to reinsurance regulations and directives.
• Plan and conduct on-site inspections and prepare inspection reports.
• Assess regulatory risks and ensure implementation of recommendations.
• Oversee off-site supervision and monitoring of licensees.
• Assist review of licence applications and prepare management papers.

Skills

Management experience

Analytical skills

Accounting principles

Regulatory knowledge

Specialised knowledge in reinsurance

Actuarial knowledge (advantage)

Education

Bachelor's Degree in Insurance/Finance or Quant major

Professional qualification in insurance/reinsurance or risk management (ARe, CLU, CPCU, ACII, FRM, CFA, CAA)

Job description

CIMA in Grand Cayman is seeking a Reinsurance Specialist to supervise complex reinsurance programs and ensure compliance with the Insurance Act and related regulations. You will lead inspections, assess risk, and liaise with legal and policy divisions to align practices with international standards.

Applicants should have a strong actuarial/regulatory background, at least seven years in reinsurance with management experience, and relevant qualifications. A competitive benefits package is offered.