Reinsurance Analyst

Placements24; Richards Bay; Hybrid; ZAR 420,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Pension plan

Training opportunities

Richards Bay work environment

Job summary

Placements24 in Richards Bay seeks a detail-oriented Reinsurance Analyst to join its finance and risk management team. The role focuses on analyzing and structuring reinsurance treaties to optimize capital position and manage risk exposure across the organization.

You will collaborate with underwriters, actuaries, and finance professionals, monitor program performance, and assist in negotiating new treaties. The position offers a collaborative, analytical work environment in KwaZulu-Natal.

Qualifications

• Experience in reinsurance or risk management.
• Bachelor's degree in Finance, Economics, Actuarial Science, or related field.
• Strong analytical, quantitative, and problem-solving skills.

Responsibilities

• Analyze reinsurance treaties, assess contract terms, and ensure compliance.
• Monitor and report on the performance of reinsurance programs.
• Assist in the negotiation and placement of new reinsurance treaties.
• Collaborate with internal teams to forecast potential losses and capital requirements.
• Maintain accurate records and prepare financial reports related to reinsurance activities.

Skills

Analytical skills

Quantitative skills

Problem-solving

Education

Bachelor's degree in Finance/Economics/Actuarial Science

Tools

Excel

Job description

About the Role

Our client seeks a detail-oriented Reinsurance Analyst to join their finance and risk management team in Richards Bay. This position is key to managing the company's risk exposure by analyzing and structuring reinsurance treaties. You will work closely with underwriters, actuaries, and finance professionals to ensure effective risk transfer and optimize the company's capital position. This is an excellent opportunity for an analytical individual with a strong understanding of financial markets and insurance principles to contribute to the strategic financial health of the organization within the insurance sector.

Key Responsibilities

• Analyze reinsurance treaties, assess contract terms, and ensure compliance.
• Monitor and report on the performance of reinsurance programs.
• Assist in the negotiation and placement of new reinsurance treaties.
• Collaborate with internal teams to forecast potential losses and capital requirements.
• Maintain accurate records and prepare financial reports related to reinsurance activities.

Requirements

• Bachelor's degree in Finance, Economics, Actuarial Science, or a related field.
• Proven experience in reinsurance , risk management, or a similar financial role.
• Strong analytical, quantitative, and problem-solving skills.
• Familiarity with financial modeling and reporting tools.
• Excellent attention to detail and ability to manage multiple tasks effectively.

Benefits

• Competitive annual salary package.
• Comprehensive health, dental, and vision insurance plans.
• Pension fund participation with employer matching.
• Opportunities for training and certification in specialized reinsurance areas.
• A collaborative and analytical work environment in Richards Bay.