Reinsurance Manager

métier - Strategic HR Solutions is hiring a 𝐑𝐞𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 for one of our leading insurance clients in the UAE.

This is a senior reinsurance role responsible for managing treaty administration, reinsurance accounting and settlements, recoveries, reinsurer relationships, and Re-Takaful arrangements. The role also offers exposure to reinsurance strategy, portfolio stabilization, capacity management, and stakeholder coordination.

𝐊𝐞𝐲 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬

• Manage accounting and financial reporting of reinsurance transactions, including treaty accounts and settlement statements.
• Manage reinsurance recoverables, outstanding balances, reconciliations, and treaty settlements.
• Ensure compliance with financial reporting, solvency, regulatory, and treaty requirements.
• Administer and coordinate active treaty arrangements, including treaty accounts, bordereaux, notices, and documentation.
• Act as a key liaison with reinsurers, Re-Takaful operators, brokers, and intermediaries.
• Coordinate recovery submissions, reinsurer notifications, and recovery processes with relevant business functions.
• Maintain treaty documentation, special acceptance records, and reinsurance registers.
• Monitor treaty renewals, notice periods, contractual obligations, and treaty utilization.
• Prepare periodic management reports covering treaty performance, recoveries, and reinsurance activities.
• Coordinate closely with Finance on treaty settlements, balances, and accounting matters.
• Identify and escalate material treaty compliance or operational issues to management.
• Review Re-Takaful arrangements in line with portfolio developments, business objectives, claims experience, market conditions, and regulatory requirements.
• Ensure adequate reinsurance capacity, effective risk transfer, and portfolio stabilization.
• Leverage reinsurer expertise to support product development, market expansion, and complex risk underwriting.
• Ensure secure and compliant maintenance of Re-Takaful contracts, placements, and related correspondence.

𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞

• Minimum 5 years of experience in a similar reinsurance role within the insurance industry.
• Bachelor's degree in Commerce, Finance, or a related field.
• Recognized insurance and/or reinsurance qualification preferred.
• Previous experience leading or supervising a small team.

𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬

• Strong knowledge of reinsurance and Re-Takaful operations, treaty administration, and settlements.
• Strong understanding of reinsurance accounting, recoveries, reconciliations, and financial reporting.
• Experience managing relationships with reinsurers, Re-Takaful operators, brokers, and intermediaries.
• Strong analytical, financial, and problem-solving skills.
• Good understanding of regulatory, solvency, and contractual requirements.
• Strong stakeholder management, communication, coordination, and team leadership skills.
• Ability to manage multiple treaty arrangements and ensure timely execution of contractual obligations.