Reinsurance Manager

Pathfinders Consulting Pty (LTD); Cape Town; On-site; ZAR 700 000 - 900 000; Full time

Job summary

A leading insurance firm in Cape Town seeks an experienced professional to manage their non-life reinsurance division. You will enhance client engagement, provide technical reinsurance solutions, and lead a team focused on delivering optimised reinsurance programmes. The ideal candidate has over 10 years in insurance, strong leadership skills, and a thorough understanding of cell captive mechanisms. This role offers significant influence in shaping client-facing capabilities and business growth opportunities.

Qualifications

• Minimum 10 years experience in insurance and/or reinsurance.
• Proven leadership and team management capability.
• Strong understanding of cell captive mechanisms and broader insurance landscape.

Responsibilities

• Support business growth and client visibility.
• Deliver reinsurance advice to cell captive clientele.
• Structure reinsurance programmes and negotiate contracts.
• Aggregate underwriting data for risk profiles.
• Compile portfolio performance reports and stakeholder meetings.
• Monitor reinsurance market developments.
• Provide input for statutory reporting and regulatory audits.
• Ensure adherence to reinsurance guidelines.
• Provide training across the business.

Skills

Leadership

Technical reinsurance skills

Client engagement

Portfolio performance analysis

Education

Relevant degree plus insurance qualification

FAIS compliance

Job description

Our Client is the undisputed market leader in cell captive insurance and risk solutions renowned for an innovative approach to cell captive structures and other alternative risk transfer solutions.

Purpose of the Role

The role is developed to advance the RI Discipline within the Group through a multifaceted approach by enhancing client‑facing abilities and providing greater technical skill and delivery. The incumbent is responsible for management of the non‑life reinsurance division providing leadership and management to the reinsurance team and support functions (technical reinsurance accounting and reinsurance claims) including other divisions and external clients and will initially be focused on greater client engagement and delivery of optimised reinsurance solutions to cell captive and business.

Key Responsibilities

• Business growth internal capability and client visibility – Support growth in the business and deliver greater internal capacity reducing reliance and cost of external reinsurance service suppliers; be more visible and engaged with the client base.
• Reinsurance advice to cell captive clientele – Deliver appropriate and optimised reinsurance advice.
• Reinsurance programme structuring, contracting and placement activity – Structuring in line with clients and company strategic objectives; negotiate renewal and new business with reinsurers and reinsurance brokers; ensure accurate and timely completion of reinsurance contracts.
• Underwriting data and exposure aggregation – Collate underwriting information and data for compilation of risk profiles and CRESTA aggregates.
• Portfolio performance reporting and stakeholder reporting cadence – Compile quarterly performance reports for the portfolio including analysis of claims development, understanding of clients’ pricing methodology and underwriting philosophy; conduct regular meetings with relevant stakeholders; produce monthly management reports.
• Market monitoring and reinsurer security awareness – Keep abreast of reinsurance market developments to identify movements that could adversely or positively affect the security of any reinsurer in the approved panel of reinsurance partners.
• Statutory reporting audit and regulatory input – Contribute to completion of the annual statutory reports (reinsurance components) and provide input in scoping auditing requirements for Internal Audit; provide input on regulatory papers requiring reinsurance input.
• Governance risk monitoring and process adherence – Ensure reinsurance guidelines and processes are adhered to; monitor and review Strategic Key Risk Indicators per the risk register.
• Capability uplift across the business – Provide training to other divisions as and when required.

Requirements

• Relevant degree plus insurance qualification
• FAIS compliant
• Minimum 10 years experience in insurance and/or reinsurance
• Proven leadership and team management capability
• Strong understanding of cell captive mechanisms and the broader insurance landscape including UMAs general and specialist insurance and reinsurance markets

Advantageous

• Experience in the cell captive industry
• A track record of building or scaling an in‑house reinsurance capability