Reinsurance Head

3 days ago


Pasig, National Capital Region, Philippines Fortune General Insurance Corporation Full time ₱450,000 - ₱600,000 per year

A Reinsurance Head / Manager oversees and manages an organization's reinsurance program both Inward and Outward, ensuring efficient risk transfer and compliance, while also managing relationships with reinsurers.

Reinsurance Program Management:

  • Develop and implement reinsurance strategies aligned with the company's risk appetite and financial goals.
  • Negotiate and secure reinsurance treaties and facultative agreements.
  • Monitor and manage reinsurance programs, including premium payments, claim recoveries, and reinsurance accounts.
  • Ensure compliance with regulatory requirements and industry best practices.
  • Manage and maintain relationships with reinsurers and reinsurance brokers.

Risk Management:

  • Identify, assess, and manage risks related to reinsurance activities, including credit risk, market risk, and operational risk.
  • Develop and implement risk management frameworks and procedures.
  • Monitor and report on reinsurance performance and risk exposures.

Financial Management:

  • Prepare and review reinsurance budgets and forecasts.
  • Monitor and analyze reinsurance profitability.
  • Ensure accurate and timely accounting and reporting of reinsurance transactions.

Team Leadership (if applicable):

  • Supervise and mentor reinsurance staff, providing guidance and support.
  • Develop and implement training programs for reinsurance staff.
  • Evaluate and manage the performance of reinsurance staff.

Other Responsibilities:

  • Participate in internal and external audits.
  • Collaborate with other departments, such as underwriting, claims, and finance.
  • Stay abreast of industry trends and developments.

Job Types: Full-time, Permanent

Pay: Php30, Php50,000.00 per month

Benefits:

  • Company events
  • Employee discount
  • Health insurance
  • Life insurance
  • Paid training
  • Promotion to permanent employee
  • Work from home

Work Location: Hybrid remote in Pasig