Assistant Manager, Ceded Reinsurance

SOMPO INSURANCE SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading insurance company in Singapore is seeking an Assistant Manager for Ceded Reinsurance. The role involves managing reinsurance operations, including treaty contract administration, performance monitoring, and regulatory submissions. Candidates should have 3-5 years of experience in reinsurance operations, strong analytical skills, and be proficient in MS Excel and PowerPoint. This position offers opportunities for collaboration with local and regional teams to ensure operational efficiency.

Qualifications

• Minimum 3-5 years of experience in reinsurance operations.
• Good working knowledge of reinsurance structures.
• Familiarity with treaty renewal statistics and catastrophe modelling.

Responsibilities

• Manage reinsurance programs and service delivery.
• Administration of the Reinsurance Portfolio including treaty contracts.
• Support automation, system enhancements and workflow improvements.

Skills

Reinsurance operations experience

Knowledge of treaty and facultative reinsurance structures

Strong analytical skills

Proficiency in MS Excel

Good communication skills

Tools

MS PowerPoint

Job description

Job Description

Assistant Manager, Ceded Reinsurance

Reinsurance Assistant Manager manages the operations of reinsurance programs and service delivery on established standards, working closely with local and regional stakeholders to ensure effective reinsurance protection and operational efficiency.

The role is based in Singapore, reporting to CEO Singapore and Head of Ceded Re APAC.

1. Operations Management

• Administration of the Reinsurance Portfolio including treaty contracts set-up in the system, rendering of Treaty Statement of Accounts, Excess of Loss Treaties Premium Adjustment, Profit Commission, Reinstatement Premiums etc
• Timely and accurate Quarterly Submission Technical Statement of Accounts, including bordereaux submissions and portfolio monitoring
• Support automation, system enhancements and workflow improvements.
• Work with internal teams (eg IT, business, finance, compliance) to resolve operational issues

2. Reinsurance Protection Arrangement & Statistics Collation / Analysis

• Management of Treaty Reinsurance Renewals including negotiation, placement and obtaining management approvals
• Preparation of Treaty Renewal Statistics including EQ/Flood/PA Modelling data and Retention Review data
• Check Treaty Contract Wordings, Update of Treaty Arrangements & Guidelines after renewal conclusion

3. Portfolio & Performance Monitoring and Reporting

• Monitoring and Management Reporting on Treaty Performance, Reinsurance Security Rating Movements, Reinsurance Usage Concentration and Reinsurance Contract Certainty
• Preparation and management of Regulatory submissions such as MAS 122, 114 and GIA Contract Certainty Reporting

4. Others

• Handling and Management of internal and external Audits on Reinsurance, and Compliance related reporting, request and queries
• Handle and Support request and task assigned by Regional, Global Head Office, Auditor and Regulator, etc

Skills & Experience

• Min 3-5 years of experience in reinsurance operations
• Good working knowledge of treaty and facultative reinsurance structures
• Familiarity with treaty renewal statistics submissions, catastrophe modelling, rating agency considerations
• Good understanding of commercial and consumer insurance portfolios
• Strong analytical skills and competency in MS Excel and PowerPoint.
• Strong team player with good communication and coordination skills