Reinsurance Assistant Manager
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Key skills for this role
About the Role
Allied Cooperative Insurance Group (ACIG) is hiring a Reinsurance Assistant Manager in Riyadh. The role involves supporting reinsurance operations, treaty and facultative placements, and compliance.
Key Skills for This Role
Responsibilities
- Assist in the placement and renewal of treaty and facultative reinsurance programs
- Coordinate with reinsurers and brokers regarding placements, recoveries, and contractual matters
- Monitor reinsurance utilization, capacity, and retention levels
- Review and reconcile reinsurance accounts, bordereaux, and statements
- Support the preparation of reinsurance reports for management and regulators
- Analyze reinsurance performance and provide recommendations for optimization
- Coordinate reinsurance recoveries and claims collections
- Ensure compliance with reinsurance contracts and regulatory requirements
- Support negotiations with reinsurers and brokers during renewal cycles
- Maintain accurate reinsurance records and documentation
Requirements
- Bachelor's degree in Insurance, Risk Management, Finance, Accounting, or a related field
- IFCE Certification (mandated)
- 5+ years of experience in reinsurance, underwriting, finance, or insurance operations
- Strong understanding of treaty and facultative reinsurance principles
- Experience within the insurance industry is preferred
- Professional insurance or reinsurance qualifications are an advantage
Full Job Posting
About the Role
- The Reinsurance Assistant Manager will support the planning, placement, administration, and monitoring of reinsurance programs while ensuring compliance with regulatory requirements and company objectives.
- The role works closely with underwriting, finance, actuarial, claims, and external reinsurance partners.
Key Responsibilities
- Assist in the placement and renewal of treaty and facultative reinsurance programs.
- Coordinate with reinsurers and brokers regarding placements, recoveries, and contractual matters.
- Monitor reinsurance utilization, capacity, and retention levels.
- Review and reconcile reinsurance accounts, bordereaux, and statements.
- Support the preparation of reinsurance reports for management and regulators.
- Analyze reinsurance performance and provide recommendations for optimization.
- Coordinate reinsurance recoveries and claims collections.
- Ensure compliance with reinsurance contracts and regulatory requirements.
- Support negotiations with reinsurers and brokers during renewal cycles.
- Maintain accurate reinsurance records and documentation.
Qualifications & Experience
- Bachelor's degree in Insurance, Risk Management, Finance, Accounting, or a related field.
- Professional insurance or reinsurance qualifications are an advantage.
- IFCE Certification (mandated)
- 5+ years of experience in reinsurance, underwriting, finance, or insurance operations.
- Strong understanding of treaty and facultative reinsurance principles.
- Experience within the insurance industry is preferred.
Key Competencies
- Analytical Thinking
- Communication
- Stakeholder Management
- Attention to Detail
- Problem Solving
- Planning & Organizing
- Results Orientation
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