Reinsurance Manager

Responsibilities:

• Developing and reviewing the retention strategy and reinsurance program as per the risk appetite, financial objectives, and regulatory requirements.
  
• Evaluating the reinsurance needs and opportunities for Kshema, based on an analysis of risk profile, capital position and market conditions
  
• Negotiating and securing optimal pricing, terms, and conditions for reinsurance contracts with reputable and financially sound reinsurers.
  
• Preparing and reviewing the reinsurance submissions, proposals, and contracts.
  
• Ensuring compliance of all reinsurance discussions, contracts and submissions with internal and external standards and regulations.
  
• Leading the reinsurance accounting, reporting, and auditing processes, and ensuring timely and accurate settlement of reinsurance transactions and claims.
  
• Monitoring the performance of reinsurance programs, and conduct regular reviews and audits to identify gaps, and suggest changes in the program to address gaps and/or save reinsurance spend;
  
• Establishing and maintaining effective communication with reinsurance brokers, reinsurers, and internal stakeholders, and resolving any disputes or queries; and
  
• Keeping abreast of the latest trends, developments, and best practices in the reinsurance industry, and providing insights and recommendations to senior management.
  

Requirements:

• In-depth knowledge of current reinsurance regulations, reinsurance concepts, principles, and practices, such as reinsurance types, structures, pricing and accounting.
  
• Professional certification or designation in reinsurance from a reputed institute is desirable.
  
• Extensive experience in reinsurance domain; preferably with an Indian Insurance company
  
• Strong analytical, problem-solving, and decision-making skills, and the ability to evaluate complex and dynamic reinsurance scenarios and risks.
  
• Excellent negotiation, communication, and interpersonal skills, and the ability to build and maintain positive and productive relationships with internal and external parties.
  
• High level of integrity, professionalism, and ethical standards, and the ability to comply with relevant laws, regulations, and codes of conduct; and
  
• Strategic, innovative, and results-oriented mindset, and the ability to align reinsurance objectives and activities with the company’s vision, mission, and values.
  

Educational Qualifications

• Bachelor’s or master’s degree in insurance, finance, actuarial science, or a related field