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Open nowFirst seen 5 days ago

Head of Reinsurance

Boardroom Appointments3,354 open roles

Where
Sandton, South Africa
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Your applicationOpen nowHead of ReinsuranceBoardroom Appointments · Sandton, South Africa
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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 58.1%60 days
This job: first seen 5 days ago

The posting

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
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