Short Term Reinsurance Specialist (Corporate Actuarial) at OUTsurance

Job Description
The successful candidate would be responsible for:

• Managing the annual renewal of the company’s annual reinsurance treaties including oversight of the preparation of data packs to be sent to markets, treaty wording reviews and calculation of projections.
• Managing reinsurance broker tender processes.
• Oversight of catastrophe and large loss modelling including treaty purchase optimization.
• Managing monthly/annual financial reporting including calculation of reinsurance recoveries for IFRS/SAM, preparation of bordereaux for reinsurance markets, preparing reconciliations, calculation of KRIs and communicating with internal and external auditors.
• Adapting and maintaining the existing reinsurance SQL processes.
• Managing relationships with reinsurance markets.
• Sourcing and negotiating ad-hoc facultative reinsurance contracts. 

Qualifications
 We are looking for someone who:

• Has relevant work experience of at least 2 years in a reinsurance field whether it be a reinsurer, reinsurance broker or direct insurance company.
• Has strong analytical ability and programming skills. Being proficient in SQL and/or R is an advantage.

Additional Information
Competencies:

• Good technical skills and strategic thinking ability.
• Takes initiative and manage projects to completion.
• Detail-orientated and a multi-tasker.
• Is output driven and willing to get involved in the small tasks
• Strong work ethic and highly motivated.
• Competitive and a high-performer who strives for greatness.
• Very strong verbal and written communication skills.
• Innovative thinker, passionate about exploring new avenues.
• Ability to work both independently and as part of a multicultural team.
• Ability to manage various internal and external relationships.
• Ability to take initiative and meet deadlines

Additional information:

• The valuations function is a crucial part of the company’s operations and will require a positive attitude and keen attention to detail.
• An ideal candidate will be able to align their personal work values to the OUTsurance values of passion, profitability, recognition, people development, honesty, respect and awesome service. Being enthusiastic in dealing with challenges in a stressful, deadline orientated environment is essential.
• In accordance with OUTsurance’s Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups