Reinsurance Head

Fortune General Insurance Corporation; Pasig; On-site; PHP 892,800 - 1,339,200; Full time

Job summary

Fortune General Insurance Corporation in Pasig is looking for a Reinsurance Manager who will oversee and manage the organization's reinsurance program, ensuring efficient risk transfer and compliance. You'll negotiate treaties, monitor programs, and manage relationships with reinsurers.

The ideal candidate has over 2 years of experience in handling reinsurance and strong communication skills. This role offers opportunities for leadership and collaboration across departments.

Qualifications

• More than 2 years work experience in handling Reinsurance.

Responsibilities

• Develop and implement reinsurance strategies aligned with the company's risk appetite and financial goals.
• Negotiate and secure reinsurance treaties and facultative agreements.
• Monitor and manage reinsurance programs, including premium payments, claim recoveries, and reinsurance accounts.
• Ensure compliance with regulatory requirements and industry best practices.
• Manage and maintain relationships with reinsurers and reinsurance brokers.
• Identify, assess, and manage risks related to reinsurance activities, including credit risk, market risk, and operational risk.
• Develop and implement risk management frameworks and procedures.
• Monitor and report on reinsurance performance and risk exposures.
• Prepare and review reinsurance budgets and forecasts.
• Monitor and analyze reinsurance profitability.
• Ensure accurate and timely accounting and reporting of reinsurance transactions.

Skills

Communication Skills: Written and Verbal

Attention to Details

Reinsurance Handling

Job description

Job Description

A Reinsurance Manager oversees and manages an organization's reinsurance program, ensuring efficient risk transfer and compliance, while also managing relationships with reinsurers.

• Develop and implement reinsurance strategies aligned with the company's risk appetite and financial goals.
• Negotiate and secure reinsurance treaties and facultative agreements.
• Monitor and manage reinsurance programs, including premium payments, claim recoveries, and reinsurance accounts.
• Ensure compliance with regulatory requirements and industry best practices.
• Manage and maintain relationships with reinsurers and reinsurance brokers.
• Identify, assess, and manage risks related to reinsurance activities, including credit risk, market risk, and operational risk.
• Develop and implement risk management frameworks and procedures.
• Monitor and report on reinsurance performance and risk exposures.
• Prepare and review reinsurance budgets and forecasts.
• Monitor and analyze reinsurance profitability.
• Ensure accurate and timely accounting and reporting of reinsurance transactions.

Team Leadership (if applicable)

• Supervise and mentor reinsurance staff, providing guidance and support.
• Develop and implement training programs for reinsurance staff.
• Evaluate and manage the performance of reinsurance staff.

Other Responsibilities

• Participate in internal and external audits.
• Collaborate with other departments, such as underwriting, claims, and finance.
• Stay abreast of industry trends and developments.

Qualifications

• Communication Skills: Written and Verbal.
• Attention to Details.
• More than 2 years work experience in handling Reinsurance.