Reinsurance Specialist

Placements24; Soweto; On-site; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Executive benefits

Professional development

Career advancement

Financial security

Job summary

Placements24 in Soweto is seeking an experienced Reinsurance Specialist to manage and optimize reinsurance operations from our local office. You will shape treaties, assess risk, and coordinate across underwriting, actuarial, and finance to safeguard capital and profitability.

The role requires strong negotiation, analytical, and financial modeling skills, plus relevant qualifications in insurance or finance. A competitive package and career growth await in a stable, reputable firm.

Qualifications

• Minimum 6 years in reinsurance with insurer, reinsurer, or broker.
• Deep understanding of reinsurance concepts, treaty structures, and facultative placements.
• Strong analytical and financial modeling skills.
• Excellent communication and relationship management abilities.
• Relevant professional qualifications in insurance or finance are highly regarded.

Responsibilities

• Develop, negotiate, and manage reinsurance treaties and facultative placements.
• Analyze the company's risk profile and determine optimal reinsurance program structures.
• Monitor the performance of reinsurance contracts and manage claims recoveries.
• Liaise with reinsurers, brokers, and internal stakeholders to ensure smooth operations.
• Provide expert advice on reinsurance matters to underwriting, actuarial, and finance departments.
• Stay updated on market trends, regulatory changes, and innovations in the reinsurance industry.

Skills

Reinsurance concepts

Financial modeling

Negotiation

Analytical skills

Communication

Education

Insurance/Finance qualifications

Job description

Our client is seeking an experienced and knowledgeable Reinsurance Specialist to manage their reinsurance operations from their office in Soweto. This senior role involves developing and executing reinsurance strategies to protect the company from large losses and manage capital efficiently. You will work closely with underwriters, actuaries, and finance teams to structure reinsurance treaties and monitor their performance. This is a vital position for ensuring the financial stability and long-term security of the company, offering a challenging and impactful career path for a dedicated reinsurance professional.

Key Responsibilities

• Develop, negotiate, and manage reinsurance treaties and facultative placements.
• Analyze the company's risk profile and determine optimal reinsurance program structures.
• Monitor the performance of reinsurance contracts and manage claims recoveries.
• Liaise with reinsurers, brokers, and internal stakeholders to ensure smooth operations.
• Provide expert advice on reinsurance matters to underwriting, actuarial, and finance departments.
• Stay updated on market trends, regulatory changes, and innovations in the reinsurance industry.

Requirements

• A minimum of 6 years of experience in reinsurance, either with a primary insurer, reinsurer, or broker.
• Deep understanding of reinsurance concepts, treaty structures, and facultative placements.
• Strong analytical, negotiation, and financial modeling skills.
• Excellent communication and relationship management abilities.
• Relevant professional qualifications in insurance or finance are highly regarded.

Benefits

• A highly competitive salary and executive-level benefits package.
• Opportunities for professional development and industry engagement.
• A stable and reputable company with a strong focus on financial security.
• Work within a dedicated team of experts in a challenging field.
• Career advancement opportunities within the financial and insurance sector.