Reinsurance Manager Job Purpose To manage the reinsurance function, including treaty and facultative arrangements, risk retention strategy, and reinsurer relationships, ensuring optimal risk transfer, capacity, and profitability across all lines of business. The role holder will work closely with Underwriting, Claims, and Actuarial teams to structure reinsurance programs, evaluate large/complex risks, and support the company's overall risk management framework, while contributing to the development of Omani talent within the department. Key Responsibilities Reinsurance Placement & Structuring • Structure, negotiate, and place treaty (proportional and non-proportional) and facultative reinsurance arrangements across Property, Casualty, Engineering, and other lines of business. • Arrange facultative placements for large, complex, or non-standard risks outside treaty capacity. • Evaluate and recommend reinsurance structures that optimize capacity, pricing, and risk retention in line with the company's risk appetite. • Liaise with reinsurers and reinsurance brokers to secure competitive terms and maintain strong market relationships. Risk Assessment & Underwriting Support • Support underwriting teams in the assessment, pricing, and acceptance of large and complex risks referred beyond delegated authority limits. • Conduct or review on-site risk surveys to independently assess risk exposure, inherent risk features, and mitigating factors. • Carry out Loss Estimate Calculations (PML/EML) to inform underwriting and reinsurance placement decisions. • Provide technical guidance on risk selection, terms, and conditions in coordination with reinsurance treaty requirements. Portfolio & Performance Management • Monitor and analyze loss ratios, claims trends, and market dynamics to ensure profitability of reinsured books of business. • Prepare and present reinsurance performance reports, treaty utilization, and recovery status to senior management. • Manage reinsurance recoveries for large and complex claims, ensuring timely and accurate settlement. Regulatory & Compliance • Ensure reinsurance arrangements comply with local regulatory requirements and internal governance policies. • Maintain accurate documentation of treaty wordings, slips, and facultative certificates for audit and regulatory purposes. Stakeholder Collaboration • Collaborate with Actuarial, Claims, and Sales teams to align reinsurance strategy with overall business and pricing objectives. • Participate in client and broker meetings to support business development on large or technically complex accounts. • Provide training and technical guidance to underwriting teams on reinsurance-related matters. Omanization & Talent Development • Identify, coach, and mentor Omani employees within the underwriting/reinsurance team to build a sustainable local talent pipeline. • Design and implement a structured on-the-job training plan covering treaty and facultative reinsurance principles, risk surveys, and loss estimation techniques. • Set clear development milestones for Omani staff to progressively take on greater reinsurance responsibilities. • Support succession planning by preparing capable Omani nationals for future reinsurance roles. Key Requirements Education & Qualifications • Bachelor's degree • Professional insurance/reinsurance qualification required (FCII, ACII, CPCU, ARe, ARM, or equivalent). Experience • Minimum 12–15 years of experience in P&C/Non-Motor underwriting with strong exposure to reinsurance, including facultative arrangements and treaty support. • Proven experience managing complex commercial risks across Property, Casualty, Engineering, and related lines. • Experience conducting on-site risk surveys and loss estimate calculations (PML/EML). • Track record of collaborating with reinsurers, brokers, and internal stakeholders (Actuarial, Claims, Sales) on risk transfer strategy. • Experience mentoring underwriting teams and contributing to underwriting guideline development. Skills • Strong technical knowledge of reinsurance structures (treaty and facultative) and risk transfer mechanisms. • Strong risk assessment, analytical, and loss estimation capability. • Excellent negotiation and relationship management skills with reinsurers and brokers. • Strong report writing, presentation, and communication skills. • Regulatory compliance orientation. • Coaching and people-development skills, with commitment to national talent development.
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