Senior Reinsurance Analyst

Placements24; Mbombela (Nelspruit); On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Annual bonus

Medical aid

Retirement fund

Professional development

Job summary

Placements24 is seeking a Senior Reinsurance Analyst to join our client’s finance and risk management team in Nelspruit, Mpumalanga. This role focuses on managing reinsurance arrangements, evaluating treaty performance, and optimizing risk transfer strategies, with opportunities for career growth in a complex reinsurance environment.

The ideal candidate will have strong reinsurance knowledge, financial modeling capabilities, and excellent analytical skills to support reports, strategic

Qualifications

• Minimum 6 years in reinsurance, risk management, or related finance role within insurance.
• Experience with reinsurance accounting and regulatory reporting is highly desirable.

Responsibilities

• Analyze and evaluate reinsurance treaties and contracts to ensure alignment with company strategy and risk appetite.
• Monitor the performance of existing reinsurance arrangements, including claims recovery and premium calculations.
• Develop and maintain financial models to assess the impact of reinsurance on the company's financial position.
• Assist in the negotiation and placement of new reinsurance treaties.
• Prepare reports and presentations on reinsurance activities for senior management and stakeholders.
• Ensure compliance with all relevant regulatory requirements and accounting standards related to reinsurance.
• Collaborate with actuarial, finance, and underwriting teams to provide insights on risk transfer.
• Identify opportunities for optimizing reinsurance structures and reducing costs.
• Stay current with industry trends, market developments, and changes in the reinsurance landscape.

Skills

Reinsurance

Financial modeling

Data analysis

SQL

Excel

Communication

Education

Finance/Accounting degree

ARe or CPCU (advantage)

Tools

Excel

SQL

Job description

About the Role

Our client, a significant player in the reinsurance market, is seeking an experienced Senior Reinsurance Analyst to join their sophisticated finance and risk management team in Nelspruit, Mpumalanga . This role is essential for managing the company's reinsurance arrangements, analyzing treaty performance, and ensuring optimal risk transfer strategies. The ideal candidate will possess a strong understanding of reinsurance principles, financial modeling capabilities, and excellent analytical skills. You will play a key role in evaluating reinsurance proposals, monitoring contractual obligations, and contributing to the financial health of the organization. This is a high-impact position within a reputable company, offering significant career development opportunities in the complex field of reinsurance in Nelspruit .

Key Responsibilities

• Analyze and evaluate reinsurance treaties and contracts to ensure alignment with company strategy and risk appetite.
• Monitor the performance of existing reinsurance arrangements, including claims recovery and premium calculations.
• Develop and maintain financial models to assess the impact of reinsurance on the company's financial position.
• Assist in the negotiation and placement of new reinsurance treaties.
• Prepare reports and presentations on reinsurance activities for senior management and stakeholders.
• Ensure compliance with all relevant regulatory requirements and accounting standards related to reinsurance.
• Collaborate with actuarial, finance, and underwriting teams to provide insights on risk transfer.
• Identify opportunities for optimizing reinsurance structures and reducing costs.
• Stay current with industry trends, market developments, and changes in the reinsurance landscape.

Requirements

• A minimum of 6 years of experience in reinsurance, risk management, or a related finance role within the insurance industry.
• Strong understanding of various types of reinsurance (e.g., proportional, non-proportional, facultative).
• Proficiency in financial modeling, data analysis, and reporting tools (e.g., Excel, SQL).
• Excellent analytical, quantitative, and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to explain complex concepts.
• Experience with reinsurance accounting and regulatory reporting is highly desirable.
• A relevant degree in Finance, Accounting, Mathematics, or a related field.
• Professional certifications such as ARe or CPCU are a significant advantage.
• Ability to work independently and manage complex projects effectively.

Benefits

• A competitive annual salary package of up to ZAR .
• Annual performance bonuses based on individual and company results.
• Comprehensive medical aid and robust retirement fund.
• Significant opportunities for professional development and training in reinsurance.
• A challenging and rewarding role in Nelspruit .
• Exposure to international reinsurance markets.