Reinsurance Strategy Specialist
3 days ago
We are seeking a highly skilled Reinsurance Manager to join our team at Amana Cooperative Insurance. As a key member of our organization, you will be responsible for developing and implementing reinsurance strategies that align with our overall objectives.
About the Role:
- Develop and implement reinsurance strategies that support our risk management and financial goals.
- Collaborate with senior management to determine optimal reinsurance structures and coverage levels.
- Analyze and assess the effectiveness of existing reinsurance arrangements and recommend improvements.
- Manage our reinsurance portfolio, ensuring it adequately covers risks and supports underwriting activities.
- Negotiate and place reinsurance contracts, ensuring compliance with legal, regulatory, and company requirements.
Your Responsibilities:
- Maintain in-depth knowledge of the reinsurance market, including trends, pricing, and product offerings.
- Conduct market research to identify potential new reinsurance partners and evaluate their financial strength and stability.
- Analyze financial data to assess the performance of reinsurance arrangements and identify areas for improvement.
- BUILD strong relationships with reinsurers, brokers, and other industry stakeholders to negotiate favorable terms and conditions.
- Represent our company in discussions with reinsurers, brokers, and regulatory bodies to ensure our interests are represented.
Requirements:
- Bachelor's degree in Insurance, Finance, Business Administration, or a related field.
- Professional qualification such as Associate in Reinsurance (ARe) or Chartered Insurance (CII).
- At least 5 years of experience in reinsurance, including experience in managing people at a managerial level.
- 7-10 years of experience in the insurance industry.
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