Reinsurance Strategy Specialist

3 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Amana Cooperative Insurance Full time
Job Description:

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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