Reinsurance Operations Manager
7 days ago
The role of the Reinsurance Manager at Al Khaleej Takaful Insurance is a critical one, requiring an individual with expertise in managing reinsurance operations. The successful candidate will be responsible for overseeing the daily operation of the department and ensuring effective communication with stakeholders.
Key Responsibilities- Manage the day-to-day activities of the reinsurance department, including internal and external correspondence.
- Analyze portfolio development through IT system reports and provide insights for strategic decision-making.
- Oversee treaty renewal information, ensuring accuracy and proposing enhancements to improve performance.
- Review placing slips, cover notes, and wordings, raising points for further review.
- Monitor quarterly bordereaux and calculate profit commission and XOL adjustment premiums annually.
- Develop and implement a reinsurance strategy aligned with business requirements.
- Handle claims under XOL protection, providing comprehensive support until resolution.
Qualifications:
- More than 10 years' experience in general insurance, with a degree in a related field (e.g., ACII).
- Broad knowledge of all insurance lines and reinsurance principles.
- Proficient English language skills, with Arabic an advantage.
- Strong understanding of business practices, data management, and reporting.
- Excellent interpersonal and communication skills.
- Experience in negotiation, facilitation, problem-solving, and decision-making at a senior level.
- Familiarity with market trends, opportunities, and business practices.
- Proficient computer skills.
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