Reinsurance Manager
1 week ago
The Reinsurance Manager will be responsible for managing the reinsurance operations. The role requires the individual to work closely with the underwriting and claims teams, as well as external reinsurers, to ensure that Al Khaleej Takaful Insurance reinsurance program is optimally designed, executed and maintained.
Responsibilities
- Manage the daily operation of the department and perform internal and external correspondence with stakeholders.
- Monitor the development of portfolios during the year through obtaining different reports from IT system.
- Overlook and analyze treaty renewal information by making sure of its correctness and prepare the required renewal information including "as if" statistics, risk profiles, statistical results, top risks, underwriting philosophy and major losses, in addition to proposing enhancements to the treaties.
- Review the placing slips, cover notes and wordings and raise points to the next level of management.
- Review the quarterly relevant bordereaux, in addition to the calculation of the profit commission, and XOL adjustment premiums annually.
- Develop the reinsurance strategy and monitor its effectiveness in line with the requirements.
- Handle and follow up all claims exposing the XOL protection and provide all information until the claim is closed.
Qualifications
- More than 10 years in general insurance experience
- University graduate, with certification in insurance (ACII or equivalent)
- Broad span of knowledge in all lines of Insurance and Reinsurance
- Proficient English language, Arabic an advantage
- Understanding of business practices, data management and reporting
- Good interpersonal and communication skills
- Experienced in negotiation, facilitation, problem solving and decision making at a senior level
- Knowledge and experience of the market, trends and opportunities
- Proficient computer skills
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