Deputy Manager - Reinsurance

Job Summary:

The Deputy Manager in the Reinsurance Department assists in managing reinsurance operations, ensuring compliance with policies, and supporting the development and implementation of reinsurance strategies. This role involves close collaboration with underwriters, brokers, Reinsurers and other stakeholders to optimize reinsurance programs and mitigate risks.

Key Responsibilities:

• Support Reinsurance Operations:   Assist in the day-to-day management of reinsurance activities, including the placement and administration of reinsurance contracts.
  
• Risk Analysis:   Analyze and evaluate risk exposure for reinsurance placement, ensuring accurate assessment and reporting.
  
• Contract Management:   Prepare, review, and negotiate reinsurance contract terms and conditions.
  
• Compliance:   Ensure all reinsurance activities comply with regulatory requirements and internal policies.
  
• Financial Reporting:   Prepare financial reports and statements related to reinsurance, ensuring accuracy and timeliness.
  
• Market Monitoring:   Monitor and analyze market trends and changes in regulations to inform reinsurance strategies.
  
• Stakeholder Communication:   Facilitate communication between the insurance company, reinsurance companies, brokers, and clients.
  
• Strategy Development:   Assist in the development and implementation of reinsurance strategies and policies.
  
• Team Supervision:   Oversee and support the reinsurance team, ensuring efficient workflow and task completion.
  

Qualifications:

• Education:   Bachelor’s degree in Finance, Business Administration, or a related field. Advanced degrees or professional certifications in insurance or reinsurance are a plus.
  
• Experience:   Minimum of 5 years of experience in the insurance or reinsurance industry, with a strong understanding of reinsurance principles and practices.
  
• Skills:
  • Strong analytical and quantitative skills.
    
  • Excellent communication and negotiation skills.
    
  • Proficiency in financial reporting and risk assessment.
    
  • Ability to work collaboratively with various stakeholders.
    
  • Detail-oriented with strong organizational skills.
    

Personal Attributes:

• Leadership:   Ability to lead and motivate a team.
  
• Problem-Solving:   Strong problem-solving skills and the ability to make informed decisions.
  
• Adaptability:   Ability to adapt to changing market conditions and regulatory environments.
  
• Integrity:   High ethical standards and integrity in professional conduct.
  

This role is pivotal in ensuring the effective management of reinsurance operations and contributing to the overall risk management strategy of the organization.