Our client is looking for a senior reinsurance professional to play a key role in executing their reinsurance strategy across South Africa and Mauritius. The role is responsible for leading treaty negotiations, providing strategic advice to executive management, and ensuring robust governance, compliance, and risk management across all reinsurance and risk-sharing arrangements.
This position requires a commercially minded leader with deep technical reinsurance expertise, strong stakeholder engagement skills, and the ability to translate market insight and portfolio analysis into sound strategic and profitability recommendations.
Responsibilities will include:
- Lead negotiations for reinsurance treaties and risk sharing arrangements, including structuring, pricing, and terms.
- Act as a 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 analyses and other investigations on reinsurance and risk sharing portfolios, providing sound risk and profitability management recommendations.
- Understand clients’ needs and priorities, ensuring that their requirements 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, claims, finance, legal, compliance, risk) and reinsurers to ensure effective communication and execution of reinsurance arrangements.
- Enforce policies, procedures, and controls related 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.
- Strong team management and stakeholder engagement capabilities.
- High integrity and sound decision-making skills.
Experience and Qualifications
- Degree in Actuarial Science, Finance, or a 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 of relevant working experience in the life insurance/reinsurance industry.