Reinsurance Officer

1. Treaty Reinsurance

• Assist in preparing and validating treaty renewal data, including premium income, exposures, claims experience and other information required by brokers and reinsurers.
• Support the analysis of treaty structures, terms, capacity and performance, highlighting matters requiring review.
• Participate in treaty renewal discussions and assist with the finalisation and implementation of reinsurance treaties and related annual contracts.
• Assist underwriting teams in identifying applicable treaty coverage, capacity, limits, exclusions and referral requirements, escalating queries where necessary.
• Monitor outstanding treaty documentation, endorsements and signed agreements.
• Maintain and update the SWAN Reinsurance Handbook to reflect approved arrangements.

2. Facultative Reinsurance

• Collaborate with underwriting teams to assess reinsurance requirements across assigned classes of business, including property and engineering.
• Identify risks requiring facultative support, taking account of treaty capacity, exclusions, underwriting requirements and internal guidelines.
• Prepare accurate and comprehensive submissions, including risk information, coverage requirements, loss history and supporting documentation.
• Obtain and analyse quotations, comparing pricing, coverage, exclusions, deductibles and other conditions, and make placement recommendations.
• Liaise and negotiate with brokers and reinsurers within delegated authority and under the guidance of the relevant Team Leader.
• Coordinate placements, renewals and endorsements, ensuring that cover is confirmed within required deadlines and approvals are obtained.
• Check placement documentation against agreed terms and follow up on outstanding confirmations and signed slips.

3. Administration, Documentation and Compliance

• Maintain accurate records of treaty and facultative arrangements in the relevant systems and filing structures.
• Record and monitor premiums, commissions, claims and other contractual information, liaising with Finance to resolve discrepancies.
• Track contractual deadlines, outstanding documents and required follow-up actions.
• Ensure that reinsurance activities comply with internal procedures, delegated authority, contractual obligations and applicable regulatory requirements.
• Provide administrative support to the Team Leaders, including coordinating meetings, preparing agendas and recording minutes when required.
• Handle confidential information with discretion.

4. Claims Support

• Collaborate with Claims Officers to identify claims potentially recoverable under treaty and facultative arrangements.
• Assist in preparing and submitting claims notifications and supporting documentation to brokers and reinsurers.
• Monitor the progress of reinsurance claims and recoveries, following up on outstanding information and payments with Claims and Finance.
• Escalate coverage queries, discrepancies and delays to the relevant Team Leader.

5. Analysis and Reporting

• Collect, validate and maintain reliable reinsurance data for reporting, renewals and management decisions.
• Assist in monitoring treaty and facultative performance, including premiums, claims, recoveries and placement costs.
• Prepare correspondence, reports, analyses and presentations as required.
• Monitor industry trends, market capacity and regulatory developments, highlighting their potential implications for SWAN.
• Contribute to improvements in reinsurance processes, data quality and operational efficiency.

6. Collaboration and Relationship Management

• Maintain professional and effective relationships with reinsurance brokers, reinsurers and internal stakeholders.
• Respond to enquiries promptly and accurately, escalating technical or commercial matters beyond delegated authority.
• Work closely with Underwriting, Claims and Finance to ensure timely information exchange and resolution of outstanding matters.
• Develop practical competence in both treaty and facultative reinsurance through training, knowledge sharing and assignments across the department.
• Provide operational support and cover across both functions as required.

Qualifications and Experience

• Should be a Degree holder
• Have at least 1 year experience in reinsurance, underwriting or a related insurance role.
• Studying towards ACII or an equivalent recognised insurance qualification.
• Sound understanding of insurance and reinsurance principles, including treaty and facultative arrangements.
• Strong organisational skills, attention to detail and the ability to manage competing deadlines.
• Effective written and verbal communication, negotiation and interpersonal skills.
• Proficiency in Microsoft Office, particularly Excel
• Ability to work collaboratively, exercise sound judgement and develop technical knowledge across both treaty and facultative reinsurance.

The Company reserves the right:

    1. To convene only the best qualified candidates to participate in the selection exercise.

    2. Not to make any appointment following this advertisement