Talent Pool Head Of Reinsurance (Life)

Guardrisk; Johannesburg; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading reinsurance firm in South Africa is seeking a Director to lead negotiations for reinsurance treaties, advise on executive management strategies, and manage risk sharing arrangements. The ideal candidate has over 7 years of experience in the life insurance/reinsurance industry, with a degree in Actuarial Science or Finance and strong negotiation skills. This full-time role offers a dynamic environment with opportunities for professional growth.

Qualifications

• At least 7 years relevant working experience in the life insurance/reinsurance industry.
• Extensive knowledge of reinsurance arrangements and structures.

Responsibilities

• Lead negotiations for reinsurance treaties and risk sharing arrangements.
• Act as a senior contributor to the execution of company reinsurance strategy.
• Advise executive management on reinsurance structures and market conditions.
• Perform investigations on the reinsurance and risk sharing portfolios.
• Build and maintain strong relationships with reinsurers and clients.

Skills

Negotiation skills

Relationship management

Analytical skills

Actuarial modelling skills

Education

Degree in Actuarial Science, Finance, or related field

Qualified Actuary CA or equivalent qualification

Job description

Introduction

Implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.

Role Purpose

Implementing strategic initiatives making strategic recommendations managing treaty placements and ensuring governance and compliance.

Duties & Responsibilities

• Lead negotiations for reinsurance treaties and risk sharing arrangements including structuring pricing and terms.
• Act as senior contributor to the execution of company reinsurance strategy in alignment with business objectives and risks appetite.
• Advice executive management on reinsurance structures market conditions and risk transfer options.
• Perform experience and other investigations on the reinsurance and risk sharing portfolios and making sound risk and profitability management recommendations.
• Understand clients needs and their priorities and ensuring that their needs are met.
• Contributing to technical reinsurance management including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk sharing agreements.
• Build and maintain strong relationship with reinsurers and clients.
• Collaborate with internal stakeholders (actuarial underwriting and claims finance legal compliance risk) and reinsurers to ensure effective communication and execution of reinsurance arrangements.
• Enforce policies procedures and controls relating to reinsurance activities.
• Manage the performance and development of direct reports.
• Cover operations in South Africa and Mauritius.

Requirements

• Degree in Actuarial Science Finance or related field.
• Qualified Actuary CA or equivalent qualification will be advantageous.
• Extensive knowledge of reinsurance arrangements (treaty and facultative) and structures (quota share surplus excess of loss etc).
• At least 7 years relevant working experience in the life insurance / reinsurance industry.

Competencies

• Excellent negotiation and relationship management skills.
• Strong analytical financial and actuarial modelling skills.
• Strategic thinker with the ability to balance risk growth and cost.
• Team management and stakeholder engagement abilities.
• High integrity and decision-making skills.

Required Experience

Director

Key Skills

• Marketing & Promotions
• Attorney At Law
• Jni
• Airlines
• Art

Employment Type

Full-Time

Experience

years

Vacancy

1