Job Code: JPC - 6370
Job Title: Reinsurance Manager
Job Location: Abu Dhabi, UAE
Contract: 12 Months - Renewable
Job Purpose
The Reinsurance Manager will report to the Chief Operating Officer and will be responsible for managing and coordinating all reinsurance activities in line with the organization's reinsurance strategy, policies, business objectives, and applicable regulatory requirements.
Key Responsibilities
- Manage and administer active reinsurance treaties and placements.
- Handle reinsurance accounting, treaty accounts, settlements, and reconciliations.
- Monitor reinsurance recoverables and outstanding balances.
- Prepare treaty accounts, bordereaux, reports, and related documentation.
- Coordinate recoveries, claims notifications, and communications with reinsurers and brokers.
- Maintain accurate treaty records, registers, contracts, and correspondence.
- Monitor treaty renewals, notice periods, and contractual obligations.
- Review reinsurance capacity and structures based on business and portfolio requirements.
- Coordinate with Finance, Claims, Underwriting, and other relevant departments.
- Ensure compliance with financial reporting, solvency, and regulatory requirements.
- Lead and supervise a small reinsurance team.
- Escalate material issues and provide management reports on reinsurance activities.
Qualifications
- Bachelor's degree in Commerce, Finance, Insurance, or a related discipline.
- Recognized professional qualification in Insurance and/or Reinsurance is required.
- Good understanding of applicable insurance and solvency requirements in the GCC/UAE market.
Experience
- Minimum 5 years of relevant experience in reinsurance, preferably within an insurance
- UAE or GCC experience in UAE, Oman, Qatar, or Saudi Arabia is preferred.
- Proven experience in treaty administration, reinsurance accounting, recoveries, settlements, and reinsurer/broker coordination.
- Previous experience supervising or leading a small team within the reinsurance function.
- Experience working closely with Finance, Claims, Underwriting, and other business functions.
Required Skills & Competencies
- Strong knowledge of reinsurance and treaty operations.
- Reinsurance accounting and reconciliation.
- Recovery and claims coordination.
- Strong communication and negotiation skills.
- Analytical and problem-solving abilities.
- Good knowledge of Excel and insurance/reinsurance systems.
- Strong leadership and organizational skills.
