Reinsurance Analyst

Placements24; Polokwane; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical aid

Retirement benefits

Remote work flexibility

Professional development support

Job summary

Placements24 is seeking a highly skilled Reinsurance Analyst to join our client, a prominent international insurer with a strong presence in South Africa. This fully remote role offers the chance to contribute to analysis and management of reinsurance treaties from Polokwane, Limpopo, or any remote location.

You will assess risk transfer strategies, monitor reinsurance program performance, and collaborate with underwriting, claims, and finance teams to optimize financial stability and

Qualifications

• Bachelor's degree in Actuarial Science, Finance, Economics, or a related quantitative field.
• Minimum of 4 years of experience in reinsurance, actuarial analysis, or a related role within the insurance industry.
• Familiarity with South African insurance and reinsurance regulations is an advantage.

Responsibilities

• Analyze reinsurance treaties, including terms, conditions, and financial implications.
• Monitor and manage the company's reinsurance program, ensuring adequate coverage and optimal utilisation.
• Assist in the placement of new reinsurance treaties and the renewal of existing ones.
• Prepare detailed reports on reinsurance exposures, recoveries, and portfolio performance.
• Collaborate with internal departments (underwriting, claims, finance) and external reinsurers.
• Reconcile reinsurance bordereaux and ensure accurate accounting and settlement.
• Evaluate the financial impact of reinsurance on the company's financial statements.
• Stay informed about market developments and regulatory changes affecting reinsurance.
• Support the development of reinsurance strategy and risk appetite statements.

Skills

Excel

SQL

R

Education

Bachelor's degree in Actuarial Science, Finance, Economics, or a related quantitative field

Job description

About the Role

Our client, a prominent international insurer with a significant presence in South Africa, is seeking a highly skilled Reinsurance Analyst to join their dynamic team. This fully remote position allows you to contribute expertise from anywhere, focusing on the analysis and management of reinsurance treaties and portfolios. The successful candidate will play a crucial role in assessing and optimizing the company's risk transfer strategies, ensuring financial stability and profitability. This is an exciting opportunity for a detail-oriented professional to work within a global framework, impacting the strategic risk management of the company from Polokwane, Limpopo, or any other remote location. You will be instrumental in shaping the company's approach to reinsurance in the Limpopo region and beyond.

Key Responsibilities

• Analyze reinsurance treaties, including terms, conditions, and financial implications.
• Monitor and manage the company's reinsurance program, ensuring adequate coverage and optimal utilisation.
• Assist in the placement of new reinsurance treaties and the renewal of existing ones.
• Prepare detailed reports on reinsurance exposures, recoveries, and portfolio performance.
• Collaborate with internal departments (underwriting, claims, finance) and external reinsurers.
• Reconcile reinsurance bordereaux and ensure accurate accounting and settlement.
• Evaluate the financial impact of reinsurance on the company's financial statements.
• Stay informed about market developments and regulatory changes affecting reinsurance.
• Support the development of reinsurance strategy and risk appetite statements.

Requirements

• Bachelor's degree in Actuarial Science, Finance, Economics, or a related quantitative field.
• Minimum of 4 years of experience in reinsurance, actuarial analysis, or a related role within the insurance industry.
• Strong understanding of reinsurance concepts, treaty structures, and financial markets.
• Proficiency in data analysis tools such as Excel, SQL, or R.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and interpersonal skills, with the ability to work effectively in a remote team.
• Detail-oriented with a high degree of accuracy.
• Familiarity with South African insurance and reinsurance regulations is an advantage.

Benefits

• This role offers a competitive salary and a comprehensive benefits package, including medical aid and retirement benefits.
• As a fully remote position, it provides exceptional flexibility and work-life balance.
• Our client invests in continuous professional development, offering training and support for relevant certifications.
• You will be part of a global team, contributing to significant strategic decisions from your chosen location, supporting operations potentially impacting regions like Limpopo and beyond.
• Join a forward-thinking organization in South Africa.