Reinsurance Manager (225-820)

A Reinsurance Manager is a critical role within an insurance company, tasked with overseeing and managing the reinsurance processes. This individual ensures that the company maintains optimal reinsurance coverage to mitigate risks and protect its financial stability. A Reinsurance Manager is responsible for developing reinsurance strategies, negotiating terms with reinsurance companies, and analyzing the financial impacts of these contracts. This role requires a strong understanding of the insurance industry, excellent negotiation skills, and the ability to analyze and interpret financial data. The successful candidate will be detail-oriented, have excellent communication skills, and the ability to work collaboratively across multiple departments.

Responsibilities

• Develop and implement reinsurance strategies that align with company objectives.
• Analyze financial statements to assess the company's reinsurance needs.
• Negotiate terms and conditions with reinsurance companies to secure favorable agreements.
• Manage relationships with external reinsurance brokers and underwriters effectively.
• Monitor reinsurance contracts to ensure compliance with terms and conditions.
• Evaluate the financial impact of reinsurance agreements on the company’s risk profile.
• Collaborate with underwriters and actuaries to align reinsurance strategies with underwriting practices.
• Create reports on reinsurance operations and present findings to senior management.
• Stay updated with industry trends and regulatory changes affecting reinsurance.
• Coordinate internal audits and reviews to ensure effectiveness of reinsurance policies.
• Provide guidance and training to team members on reinsurance matters.
• Develop contingency plans for potential reinsurance strategies and agreements.

Requirements

• Bachelor’s degree in Business, Finance, Insurance, or a related field.
• Several years of experience in reinsurance or a related insurance sector role.
• Strong analytical skills for assessing financial and risk data effectively.
• Exceptional negotiation abilities to secure advantageous reinsurance terms.
• Solid understanding of the insurance market, products, and regulatory environment.
• Excellent communication skills, both written and verbal, for internal and external interactions.
• Proficiency in reinsurance financial modeling and software tools preferred.