Head of Reinsurance

Overview

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.

• 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.

• 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.

• Reinsurance Treaty
• Actuarial Modelling
• reinsurance arrangements
• Strategic Reinsurance Planning