Reinsurance Specialist

Placements24; Polokwane; Hybrid; ZAR 700,000 - 900,000; Full time

Benefits offered by this job

Fully remote work arrangement

Health and retirement benefits package

Professional development opportunities

Job summary

Placements24 seeks a highly skilled Reinsurance Specialist to manage reinsurance programs and relationships in a fully remote setup. You will optimize risk transfer strategies, analyze treaty terms, and work with internal teams and external reinsurers to hedge large or unusual risks.

The role requires significant experience in reinsurance, a strong grasp of contracts, and advanced financial modeling. You will advise senior management and underwriting teams while building key external

Qualifications

• Bachelor's degree in Finance, Economics, Risk Management, or related field is required.
• Significant experience in reinsurance, on either insurer or reinsurer side, is essential.
• Strong understanding of reinsurance contracts, market practices, and financial modeling is required.
• Excellent analytical, negotiation, and communication skills are essential for success.
• Ability to manage complex relationships and projects effectively.

Responsibilities

• Manage the negotiation, placement, and administration of reinsurance treaties.
• Analyze the company's risk exposure and identify appropriate reinsurance solutions.
• Monitor the performance of reinsurance contracts and ensure compliance with terms and conditions.
• Process and manage reinsurance claims recoveries from reinsurers.
• Build and maintain strong relationships with reinsurers, brokers, and other stakeholders.
• Provide expert advice on reinsurance matters to senior management and underwriting teams.

Skills

Analytical skills

Negotiation skills

Communication skills

Stakeholder management

Education

Bachelor's degree in Finance, Economics, Risk Management, or related field

Job description

About the Role

Our client is seeking a highly skilled Reinsurance Specialist to manage their reinsurance programs and relationships in Polokwane . This role is crucial for optimizing the company's risk transfer strategies and ensuring financial stability by effectively hedging large or unusual risks. You will analyze reinsurance treaty terms, manage claims recovery, and work closely with internal teams and external reinsurers. This position offers a strategic impact on the company's financial resilience and growth potential.

Key Responsibilities

• Manage the negotiation, placement, and administration of reinsurance treaties.
• Analyze the company's risk exposure and identify appropriate reinsurance solutions.
• Monitor the performance of reinsurance contracts and ensure compliance with terms and conditions.
• Process and manage reinsurance claims recoveries from reinsurers.
• Build and maintain strong relationships with reinsurers, brokers, and other stakeholders.
• Provide expert advice on reinsurance matters to senior management and underwriting teams.

Requirements

• Bachelor's degree in Finance, Economics, Risk Management, or a related field.
• Significant experience in reinsurance , either on the insurer or reinsurer side.
• Strong understanding of reinsurance contracts, market practices, and financial modeling.
• Excellent analytical, negotiation, and communication skills.
• Ability to manage complex relationships and projects effectively.

Benefits

• Highly competitive salary and performance-based incentives.
• Comprehensive health and retirement benefits package.
• Professional development opportunities and support for relevant qualifications.
• Fully remote work arrangement, allowing for flexibility.
• Strategic role with significant impact on the company's financial health.