About the position
Psybergate is an IT company that builds bespoke software solutions and provides highly skilled resources to its clients.
We are looking for a Head of Reinsurance to join our client based in Sandton on a permanent role.
What you will be doing:
- 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 investigations on reinsurance portfolios and provide risk and profitability management recommendations.
- Understand clients’ needs and ensure those needs are met.
- Contribute to technical reinsurance management, including monthly reporting and interpretation of reinsurance agreements.
- Build and maintain strong relationships with reinsurers and clients.
- Collaborate with internal stakeholders (actuarial, underwriting, claims, finance, legal, compliance, risk) to ensure effective execution of reinsurance arrangements.
- Enforce policies, procedures, and controls related to reinsurance activities.
- Manage the performance and development of direct reports.
What we are looking for:
- 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 experience in the life insurance/reinsurance industry.
- Excellent negotiation and relationship management skills.
- Strong analytical, financial, and actuarial modelling skills.
- Strategic thinker able to balance risk, growth, and cost.
- Team management and stakeholder engagement abilities.
- High integrity and strong decision-making skills.
Please note if you do not hear from us within 3 weeks, consider your application unsuccessful.
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Desired Skills:
- Reinsurance Treaty
- Actuarial Modelling
- reinsurance arrangements
- Strategic Reinsurance Planning
