Senior Retrocession Analyst – Reinsurance Data & Reports

Malaysian Reinsurance Berhad; Kuala Lumpur; On-site; MYR 70,000 - 100,000; Full time

Job summary

Malaysian Reinsurance Berhad in Kuala Lumpur seeks a meticulous professional to support the Retrocession Department. You will prepare renewal statistics and documentation for outward XOL programmed, review slips and cover notes from brokers/reinsurers, and compile premium adjustments for Finance and brokers.

You will also assemble statistics for AM Best, Fitch, RAM and other agencies, and analyze the impact of the annual XOL programme on the company’s financials and shareholders’ funds.

Qualifications

• Degree in Insurance, Business Studies or Risk Management required.

Responsibilities

• Prepare renewal statistics and documentation for outward XOL programmed.
• Review and monitor outstanding reinsurance slips and cover notes from brokers/reinsurers.
• Prepare MDP payment schedule and premium adjustment submissions to Finance and brokers.
• Compile statistics for Rating Agencies (AM Best, Fitch, RAM) and submit to Corporate & Strategic Planning.
• Compile quotations for the annual XOL program and analyze impact on financials and shareholders’ funds.
• Assist supervisor in arranging retrocession covers on competitive terms before expiry.
• Propose process improvement plans for Retrocession Department to improve workflow.
• Spearhead computerization of department requirements and data for the system.
• Analyze business underwritten and relate to Retrocession Programmed and overall business plan.
• Review and update SOP to reflect main processes; carry out other duties as instructed.

Education

Degree in Insurance, Business Studies, Risk Management

Job description

Malaysian Reinsurance Berhad in Kuala Lumpur seeks a meticulous professional to support the Retrocession Department. You will prepare renewal statistics and documentation for outward XOL programmed, review slips and cover notes from brokers/reinsurers, and compile premium adjustments for Finance and brokers.

You will also assemble statistics for AM Best, Fitch, RAM and other agencies, and analyze the impact of the annual XOL programme on the company’s financials and shareholders’ funds.