Reinsurance Manager 19J25

The Reinsurance Manager is a crucial role in the insurance industry, responsible for managing relationships with reinsurance partners and ensuring optimal risk distribution. This position involves developing and executing reinsurance strategies that align with the company’s overall risk management objectives. The Reinsurance Manager will be tasked with negotiating reinsurance contracts, analyzing market trends, and collaborating with internal teams to optimize the reinsurance portfolio's performance. Additionally, the role demands keen analytical skills, strong financial acumen, and the ability to build partnerships across various levels of the organization. As a Reinsurance Manager, you will play a pivotal role in protecting the company’s financial stability by effectively transferring risk, enhancing operational efficiencies, and maximizing profitability.

Responsibilities

• Develop and implement strategic reinsurance programs in alignment with risk management objectives.
• Negotiate, evaluate, and secure reinsurance contracts that optimize cost benefits.
• Analyze reinsurance market trends to maintain a competitive strategic advantage.
• Collaborate with underwriting teams to identify and assess risk transfer opportunities.
• Establish and maintain strong relationships with reinsurance brokers and partners.
• Prepare detailed reports and presentations for senior management decision-making purposes.
• Monitor existing reinsurance contracts and update them as necessary to mitigate risks.
• Ensure compliance with industry regulations and internal company policies for reinsurance agreements.
• Lead negotiations for facultative reinsurance placements and renewals.
• Supervise a team, providing guidance and developmental opportunities for junior staff members.
• Work closely with the actuarial team to analyze reinsurance structures and their impact.
• Drive process enhancements for improved efficiency and profitability in reinsurance operations.

Requirements

• Bachelor’s degree in business, finance, insurance, or a related field is required.
• Minimum of 5 years of experience in reinsurance or related insurance industry roles.
• Proven track record of successful negotiation and management of reinsurance agreements.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication and interpersonal skills to build effective working relationships.
• Demonstrated proficiency in using reinsurance software and analytical tools.
• Proven leadership skills with experience mentoring and supervising junior staff.