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Head of Reinsurance

Head of Reinsurance

The Recruitment CouncilJohannesburg, South Africa
20 days ago
Job description

Role : Head of Reinsurance

Category : Risk Management

Location : Sandton

Salary : Market-Related

Are you a strategic and experienced leader in the life insurance and reinsurance industry?

Our client is seeking a Head of Reinsurance to join their team. This is a senior role focused on implementing strategic initiatives, managing treaty placements, and ensuring robust governance and compliance if you have extensive knowledge of reinsurance arrangements and a proven track record of building strong relationships.

Responsibilities :

  • Lead negotiations for reinsurance treaties and risk-sharing arrangements, including structuring, pricing, and terms.
  • Act as a senior contributor to the execution of the company's reinsurance strategy, ensuring alignment with business objectives and risk appetite.
  • Advise executive management on reinsurance structures, market conditions, and risk transfer options.
  • Perform investigations on the reinsurance and risk-sharing portfolios and make sound recommendations for risk and profitability management.
  • Build and maintain strong relationships with reinsurers and clients.
  • Collaborate with internal stakeholders across actuarial, underwriting, claims, finance, legal, compliance, and risk teams.
  • Manage the performance and development of direct reports.

Experience and Qualifications :

  • A degree in Actuarial Science, Finance, or a related field.
  • At least 7 years of relevant working experience in the life insurance or reinsurance industry.
  • Extensive knowledge of reinsurance arrangements, including treaty and facultative, and structures like quota share and excess of loss.
  • Strong analytical, financial, and actuarial modeling skills.
  • Excellent negotiation and relationship management skills.
  • A strategic mindset with the ability to balance risk, growth, and cost.
  • A qualified Actuary, CA, or equivalent qualification is advantageous.
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    Head Of Reinsurance • Johannesburg, South Africa