Senior Manager: Treaty Reinsurance

Old Mutual; Johannesburg; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

Old Mutual Insure is looking for a Senior Manager: Reinsurance to lead actuarial and treaty management functions. This role focuses on optimizing reinsurance processes, ensuring accuracy in calculations, and supporting internal stakeholders. The ideal candidate will have significant experience in reinsurance and a strong educational background in relevant fields.

Qualifications

• 5-8 years’ experience in accounting and financial administration.
• 3-5 years’ experience in a reinsurance environment, focusing on treaties.

Responsibilities

• Manage actuarial and treaty management functions, emphasizing reinsurance optimization.
• Co-design optimal reinsurance structures with actuarial modeling teams.
• Ensure accurate reporting and support regulatory reporting.

Skills

Actuarial Modeling

Corporate Governance

Insurance Risk Management

People Management

Stakeholder Management

Business Insight

Effective Communication

Decision Making

Accountability

Financial Acumen

Education

Bachelor’s degree in Actuarial, Insurance & Risk, or Finance

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this.

Job Description

The Recruitment Process:

1. TA Interview: This will be a discussion with our Senior Talent Acquisition Specialist to give you an understanding of our business, culture & values, and more context on the role. It also allows us to get to know you better and ensure OMI can meet your career aspirations.

2. Panel Interview: This will involve two members of the Senior Leadership of the Hiring Team and one member of the HC Leadership Team.

3. Technical & Psychometric Assessments: These depend on the role and may occur concurrently with Vetting Processes through an external service provider and Internal Verification.

4. Final Feedback.

All About OMI:

https://www.oldmutual.co.za/about/old-mutual-insure/

LinkedIn Post

Please note that we cannot accept applications after the closing date.

Old Mutual Insure is seeking a forward-thinking Senior Manager: Reinsurance to implement and manage the actuarial and Treaty Management functions within the reinsurance division, focusing on reinsurance optimization. This role ensures the accuracy of key reinsurance technical calculations and the continuous improvement of controls and processes within the reinsurance treaty management function.

Key Responsibilities:

• Manage actuarial and treaty management functions, emphasizing reinsurance optimization.
• Co-design optimal reinsurance structures with actuarial modeling and technical underwriting teams to support strategic objectives.
• Develop and manage reinsurance frameworks for new and existing products across geographies.
• Coordinate with underwriting to ensure reinsurance wordings align with coverage needs.
• Handle reinsurance renewals and compile information packs for support.
• Engage in industry benchmarking and networking to maintain a competitive edge.
• Maintain relationships within the reinsurance market and analyze inwards treaty opportunities.
• Support internal stakeholders with reinsurance requirements.
• Drive efficiency through technical resource management and process optimization.

Operational and Governance Responsibilities:

• Implement reinsurance policies and procedures.
• Ensure accurate reporting and manual transaction vetting.
• Support regulatory reporting and audit responses.

Customer Service and Cost Control:

• Maintain service quality and compliance with policies.
• Develop operational relationships and manage work routines.

People Practices:

• Align behaviors with organizational values.
• Share knowledge and participate in professional development.

Minimum Requirements:

• Bachelor’s degree in Actuarial, Insurance & Risk, or Finance.
• 5-8 years’ experience in accounting and financial administration.
• 3-5 years’ experience in a reinsurance environment, with a focus on treaties.

Skills and Competencies:

Actuarial Modeling, Corporate Governance, Insurance Risk Management, People Management, Reinsurance, Stakeholder Management, Business Insight, Effective Communication, Decision Making, Accountability, Financial Acumen.

Education: Bachelor’s Degree (Required)

Closing Date: 20 May 2025, 23:59

The appointment will be made in line with the Employment Equity Plan of Old Mutual South Africa.

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