Reinsurance Manager

Reinsurance Manager Job Description Template

Our company is looking for a Reinsurance Manager to join our team.

Responsibilities:

  • Liaise with the Planning and Performance Review (PPR) in the business planning process;
  • Responsibility for the collation of all placing information;
  • Maintain set of reinsurance purchasing procedures;
  • Represent Reinsurance Purchasing area at Financial Risk Committee (FRC);
  • Liaise with FRC to ensure all FRC reinsurance requirements are met in respect of reinsurance security;
  • Manage reinsurer/broker relationships;
  • Responsibility for all internal and external reinsurance reporting and returns;
  • Lead negotiations with outwards brokers/reinsurers;
  • Day to day management of reinsurance team;
  • Ensure Reinsurance claims department have full knowledge of and are utilising the RI programme. Review all initial recoveries to any cover;
  • Manage broker appointments and broker remuneration in liaison with CEO;
  • In liaison with the CEO recommend to the board the reinsurance strategy for the syndicate;
  • In liaison with the CEO agree the structure and limitations of the reinsurance programme for the syndicate;
  • Ensure facultative purchasing procedures are being adhered to;
  • Monitor the erosion of the Reinsurance programme and purchase additional cover as appropriate in liaison with the HRP.

Requirements:

  • The ability to manage large workloads and tight deadlines;
  • String IT literacy;
  • Experience managing, structuring and purchasing reinsurance programmes;
  • Communication and influencing skills;
  • Data analysis and interpretation;
  • Strong reinsurance technical knowledge.