Head of Reinsurance

Welcome to the Latest Job Vacancies Site 2025 and at this time we would like to inform you of the Latest Job Vacancies from the Bryte Insurance with the position of Head of Reinsurance - Bryte Insurance which was opened this.

If this job matches your qualifications, please send your application directly through our latest Job site. Indeed, every job is not easy to apply because it must meet several qualifications and requirements that we must meet in accordance with the standard criteria of the Company who are looking for potential candidates to work. Good job information Head of Reinsurance - Bryte Insurance below matches your qualifications. Good Luck: D

Who we are

Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and customers to enable better risk decisions.

The role holder will report to the Chief Underwriting Officer and will be responsible to define, execute and maintain an appropriate Reinsurance strategy to support the achievement of the organisations strategic and business objectives. The incumbent will manage a team of two people.

Key Responsibilities

Develop and implement an effective Reinsurance strategy

• Translate the organisational strategic plan and define the Reinsurance strategy and policy with agreed specific tactical actions
• Obtain agreement on the plan from the Chief Underwriting Officer (CUO), CEO and Executive team
• Ensure that all reinsurance across the group (South Africa, Botswana, and partner markets) is placed at competitive terms and within all risk appetite rules, in collaboration with business, our reinsurance brokers and our reinsurance partners, for both treaty and facultative arrangements.
• Communicate the Reinsurance strategy to key stakeholders to achieve buy-in
• Work closely with Broker Distribution and other Bryte business units to develop and obtain agreement on their strategic business plans and participate in the development of the companys financial plan.

Effective Reinsurance Capacity Management (Treaty)

• Identify and manage all Reinsurance exposures through accurate assessment of the risk appetite of the insurer and the line of business
• Gather and utilise in-depth knowledge of each line of business underwritten by Bryte and the exposures present
• Hold regular discussions with Heads of Underwriting divisions in each line of business segment to determine the basis of exposures and reinsurance requirements
• Collaborate and communicate with external Actuaries, Reinsurance Brokers and the Reinsurance Forum regarding minimum security requirements
• Ensure the approved programme is effectively implemented and communicated
• Monitor and assess Reinsurance exposure continually to ensure security ratings comply with minimum requirements

Effective Reinsurance Capacity Management (FAC)

• Identify and manage all Reinsurance exposures through accurate assessment of the risk appetite of the insurer and the line of business
• Manage facultative negotiations & placement timeously, prior to the renewal date
• Manage over exposures and obtain urgent FAC placements to minimise Brytes treaty commitment

Effective Reinsurance administration and assistance with reinsurance accounting

• Take ownership of the technical Reinsurance administration process including information management
• Ensure that the Treaty structures and underwriting limits are correctly raised on TIAL, TIA and any other applicable IT platform
• Ensure appropriate tools are developed and implemented for Reinsurance placing and administration
• Ensure all Reinsurance documents are accurately filed
• Work closely with the finance team to ensure the accuracy and adequacy of all our reinsurance accounting.

Effective CAT accumulation management and reporting

• Develop, communicate, and implement a CAT management plan in line with the EGI CAT management plan framework
• Put in place tools, processes, reports or guidelines to identify current accumulation issues and enable underwriting to identify future accumulation issues at an early stage in the underwriting process
• Provide feedback to the Underwriting Committee and ensure that appropriate mitigation actions are taken where disproportionate accumulation risk is identified. This can include abstinence, facultative reinsurance, and the changing of policy conditions
• Ensure that accumulation risk is included in pricing

Leadership Accountabilities

• Lead the team; setting objectives, reviewing performance, and participating in selection and promotion decisions to ensure that employees have the necessary skills and understanding to deliver the teams objectives
• Model behaviours that demonstrate commitment to Brytes guiding principles
• Take action to manage own personal development and encourage others to do the same

Qualification & Experience

• Business Economics or Science Degree
• Relevant Insurance Qualification
• Minimum 5-10 years experience in Reinsurance environment, preferably with an Insurer
• Strong computer literacy, especially MS Excel, MS Word and MS PowerPoint
• Extensive Reinsurance market knowledge
• Excellent relationship management skills and track record of executing deliverables within the required timeframes.
• 5 years Management and Leadership experience

Competencies

• Ability to influence others through effective Stakeholder Management
• Attention to detail and Accuracy
• Strong excel skills.
• Good communication skills (verbal and written)
• Relationship Management
• Negotiation
• Relationships typically involve persuading or countering opposition

Closing date : 17 April 2025

Information :

• Company : Bryte Insurance
• Position : Head of Reinsurance
• Location : Johannesburg, Gauteng
• Country : ZA

How to Submit an Application:

After reading and knowing the criteria and minimum requirements for qualifications that have been explained from the Head of Reinsurance job info - Bryte Insurance Johannesburg, Gauteng above, thus jobseekers who feel they have not met the requirements including education, age, etc. and really feel interested in the latest job vacancies Head of Reinsurance job info - Bryte Insurance Johannesburg, Gauteng in 2025-04-11 above, should as soon as possible complete and compile a job application file such as a job application letter, CV or curriculum vitae, FC diploma and transcripts and other supplements as described above, in order to register and take part in the admission selection for new employees in the company referred to, sent via the Next Page link below.