Motor Reinsurance Sr. Specialist

Al Rajhi Takaful; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Al Rajhi Takaful is seeking an experienced Reinsurance Specialist to manage motor reinsurance and new product activities, ensuring treaty utilization and alignment with underwriting guidelines and regulatory requirements.

You will coordinate facultative placements, monitor specialized portfolios, and collaborate with claims and product teams to optimize protection plans and recoveries, while maintaining strong governance and external partner relationships.

Qualifications

• Bachelor's degree in insurance, business administration or related field.
• 4–5 years of related experience in reinsurance.

Responsibilities

• Review motor and other risks against retention limits and treaty conditions.
• Coordinate facultative reinsurance placements for high-value or non-standard risks.
• Identify opportunities to streamline workflows and strengthen internal controls.
• Ensure accuracy of reinsurance accounting and premium statements.
• Collaborate with product development to design reinsurance protection plans.
• Monitor specialized portfolios (EV, AV, niche products) and adjust structures.
• Partner with Claims to pursue large loss recoveries via reinsurance.
• Lead or support underwriting data, loss histories and market submissions.
• Manage relationships with brokers and international reinsurers.
• Ensure compliance with local regulations and international accounting standards.

Skills

Reinsurance management

Negotiation

Regulatory compliance

Risk assessment

Education

Bachelor's degree in insurance or business administration

Job description

To support the effective management of Motor Reinsurance and new product activities by administering reinsurance arrangements monitoring treaty utilization coordinating facultative placements and ensuring adequate risk protection for the motor portfolio while maintaining compliance with underwriting guidelines reinsurance agreements and regulatory requirements.

Key Activities

Responsibilities and Accountabilities

• Review motor and other insurance risks against approved corporate retention limits and specific reinsurance treaty conditions to ensure strict compliance and prevent unauthorized exposure


• Coordinate and negotiate facultative reinsurance placements for high-value or non-standard risks that exceed approved underwriting authorities or existing treaty capacities


• Identify and implement opportunities to streamline reinsurance workflows enhance reporting efficiency and strengthen internal operational controls


• Assure the accuracy of complex reinsurance accounting premium statements and the prompt collection of outstanding claims recovery balances


• Collaborate with the product development team to design price and structure optimal reinsurance protection plans for newly launched insurance products


• Monitor the performance of specialized portfolios such as Electric Vehicles EV Autonomous Vehicles AV or niche embedded products and adjust reinsurance structures as market dynamics shift


• Partner closely with the Claims Department to identify document and aggressively pursue large loss recoveries through valid reinsurance contracts


• Lead or support the preparation of underwriting data loss histories and market submissions required for the structured renewal of the company s annual reinsurance treaties


• Manage relationships with reinsurance brokers and international reinsurers ensuring all participating partners meet the company s strict financial security and credit rating standards


• Ensure all reinsurance placements and counterparty transactions comply with local insurance regulations and international accounting standards

Job Requirements

Academic Qualifications and Experience: Bachelor s degree in insurance, Business Administration, or a related field. 4- 5 years of related experience.