Reinsurance manager - saudi arabia

Our client is a well established bank in saudi arabia . We are looking for a candidate who can immediately come on board. complete jd is given below , you can also register on this blog as a follower for regular automatic updates from us.you can send your cv to careers@binaryberries.com or call on +919849128646

KEY ACCOUNTABILITIES:
A) FINANCIAL/MONETARY: (REVENUE/COST):
• Prepare and manage Re-takaful budget.
• Ensure proper expenditure of allocated budget

B) CUSTOMER/CLIENT: (INTERNAL/EXTERNAL):.
• Co-ordinate with the company’s claims’ department to keep them up to date with the current re-takaful position while also working with the company’s claims’ department and re-takaful providers on contentious claims to ensure a successful outcome
• Respond to inquiries from re-takaful providers, re-takaful brokers, auditors and other third parties, as needed
• Interact and co-ordinate with the company’s actuaries, product development staff and underwriters in respect of all the related issues carried out, e.g. product design, review of product literature, product pricing, retention analyses using optimization models and historical risk profiles to identify optimal re-takaful programs, underwriting manuals and guidelines, etc.
• Advise senior management regarding application and usage of re-takaful and the market trends

C) SUPPLIERS/ VENDORS: (REGULATORS/OTHERS):
• Ensure that the company maintains successful relationships with local, regional and international insurance/takaful and reinsurance/re-takaful companies and brokers to achieve an optimal re-takaful position on all lines of business

E) INTERNAL PROCESSES/PRACTICES: (PRODUCTIVITY/QUALITY/COMPLIANCE/REPORTING):
Principal Responsibilities

• Analysis, development, implementation and operation of all re-takaful programs in conjunction with business lines’ management
• Manage and maintain processes (including negotiations) for the implementation of either new or renewal re-takaful contracts, both on a re-takaful treaty basis as well as on a facultative re-takaful basis
• Produce periodic (monthly, quarterly, annual) re-takaful financial reports
• Review treaty settlements, statistics, ceded premium bordereaux and other related reports having re-takaful details, including profit commission calculations, as needed
• Review re-takaful documents for completeness in accordance with negotiated terms and conditions
• Review and recommend changes to the re-takaful policies and procedures in accordance with requisite regulatory requirements