Insurance Business Development Manager
2 days ago
Amana Cooperative Insurance is looking for a skilled Reinsurance Manager to lead our reinsurance efforts. This is a critical role that requires a deep understanding of the reinsurance market and strong analytical skills.
About the Job:
- Develop and implement reinsurance strategies that align with our business objectives.
- 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 Key Responsibilities:
- Maintain expertise in reinsurance products and the reinsurance market.
- Conduct market research to identify potential new reinsurance partners.
- Analyze financial data to assess the performance of reinsurance arrangements.
- Negotiate with reinsurers to secure favorable terms and conditions.
- Represent our company in discussions with reinsurers and regulatory bodies.
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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