✨ AI Summary
The Reinsurance Manager will be responsible for managing and coordinating all reinsurance activities, reporting to the Chief Operating Officer. Key responsibilities include managing reinsurance treaties, handling reinsurance accounting, settlements, and reconciliations, monitoring reinsurance recoverables, preparing treaty accounts and reports, and coordinating with reinsurers and brokers. The role also involves maintaining accurate treaty records, monitoring treaty renewals, reviewing reinsurance capacity, and coordinating with internal departments like Finance, Claims, and Underwriting.
Candidates should possess a Bachelor's degree in Commerce, Finance, or Insurance, and a professional qualification in Insurance and/or Reinsurance. A minimum of 5 years of relevant experience in reinsurance, preferably within the GCC/UAE market, is required. Experience in treaty administration, reinsurance accounting, recoveries, settlements, and reinsurer/broker coordination, along with previous team supervision, is essential. Strong knowledge of reinsurance operations, accounting, claims coordination, communication, negotiation, analytical skills, Excel, and insurance/reinsurance systems are also critical.
The Reinsurance Manager will report to the Chief Operating Officer and will be responsible for managing and coordinating all reinsurance activities in line with the organization's reinsurance strategy, policies, business objectives, and applicable regulatory requirements.Key ResponsibilitiesManage and administer active reinsurance treaties and placements.Handle reinsurance accounting, treaty accounts, settlements, and reconciliations.Monitor reinsurance recoverables and outstanding balances.Prep
Description
The Reinsurance Manager will report to the Chief Operating Officer and will be responsible for managing and coordinating all reinsurance activities in line with the organization's reinsurance strategy, policies, business objectives, and applicable regulatory requirements.Key ResponsibilitiesManage and administer active reinsurance treaties and placements.Handle reinsurance accounting, treaty accounts, settlements, and reconciliations.Monitor reinsurance recoverables and outstanding balances.Prepare treaty accounts, bordereaux, reports, and related documentation.Coordinate recoveries, claims notifications, and communications with reinsurers and brokers.Maintain accurate treaty records, registers, contracts, and correspondence.Monitor treaty renewals, notice periods, and contractual obligations.Review reinsurance capacity and structures based on business and portfolio requirements.Coordinate with Finance, Claims, Underwriting, and other relevant departments.Ensure compliance with financial reporting, solvency, and regulatory requirements.Lead and supervise a small reinsurance team.Escalate material issues and provide management reports on reinsurance activities.