Head of Reinsurance

OVERVIEW

Responsible for implementing strategic initiatives, making strategic recommendations, managing treaty placements, and ensuring governance and compliance.

KEY 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 risk appetite
• Advise executive management on reinsurance structures, market conditions, and risk transfer options
• Perform experience and other investigations on the reinsurance and risk-sharing portfolios, making sound risk and profitability management recommendations
• Understand clients needs and priorities, ensuring their needs are met
• Contribute to technical reinsurance management, including monthly reporting on reinsurance arrangements and interpretation and application of reinsurance and risk-sharing agreements
• Build and maintain strong relationships 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

SKILLS AND 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 sound decision-making skills

EXPERIENCE AND QUALIFICATIONS

• Degree in Actuarial Science, Finance, or related field
• Nearly or newly qualified Actuary, CA, or equivalent qualification 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