Reinsurance Manager

Job
Description:

As a Reinsurance Manager, you will be responsible for
design, negotiation, placement, and monitoring of reinsurance programs in line
with the risk appetite, financial objectives and regulatory requirements for
Kshema General Insurance Limited. You will work closely with Kshema’s
stakeholders like brokers and reinsurance partners along with Kshema’s internal
departments like Underwriting, Finance and Actuarial teams to achieve your
deliverables.

Key Responsibilities:

• Developing and reviewing the retention strategy and reinsurance
  program as per the risk appetite, financial objectives, and regulatory
  requirements.
  
• Evaluating the reinsurance needs and opportunities for Kshema,
  based on an analysis of risk profile, capital position and market
  conditions
  
• Negotiating and securing optimal pricing, terms, and conditions for
  reinsurance contracts with reputable and financially sound reinsurers.
  
• Preparing and reviewing the reinsurance submissions, proposals, and
  contracts.
  
• Ensuring compliance of all reinsurance discussions, contracts and
  submissions with internal and external standards and regulations.
  
• Leading the reinsurance accounting, reporting, and auditing
  processes, and ensuring timely and accurate settlement of reinsurance
  transactions and claims.
  
• Monitoring the performance of reinsurance programs, and conduct
  regular reviews and audits to identify gaps, and suggest changes in the
  program to address gaps and/or save reinsurance spend;
  
• Establishing and maintaining effective communication with
  reinsurance brokers, reinsurers, and internal stakeholders, and resolving
  any disputes or queries; and
  
• Keeping abreast of the latest trends, developments, and best
  practices in the reinsurance industry, and providing insights and
  recommendations to senior management.
  

Requirements

Requirements:

• In-depth knowledge of current reinsurance regulations, reinsurance
  concepts, principles, and practices, such as reinsurance types,
  structures, pricing and accounting.
  
• Professional certification or designation in reinsurance from a
  reputed institute is desirable.
  
• Extensive experience in reinsurance domain; preferably with an
  Indian Insurance company
  
• Strong analytical, problem-solving, and decision-making skills, and
  the ability to evaluate complex and dynamic reinsurance scenarios and
  risks.
  
• Excellent negotiation, communication, and interpersonal skills, and
  the ability to build and maintain positive and productive relationships
  with internal and external parties.
  
• High level of integrity, professionalism, and ethical standards,
  and the ability to comply with relevant laws, regulations, and codes of
  conduct; and
  
• Strategic, innovative, and results-oriented mindset, and the
  ability to align reinsurance objectives and activities with the company’s
  vision, mission, and values.
  

Educational Qualifications

• Bachelor’s or master’s degree in insurance, finance, actuarial
  science, or a related field