Head of Facultative Reinsurance

Job description / Role

- Manages the execution of the company’s underwriting policies, procedures and controls to ensure effective operation in accordance with the underwriting and production requirements of the short and long-term plans.
- Continuously reviews and where necessary adjusts the department reinsurance operation’s underwriting guidelines and working procedures and ensures the proper integration and coordination of the underwriting, claims, and accounts activities for business under the Reinsurance operation’s control.
- Manages the development and execution of the department annual and long – term business plans and overall operational plans to ensure the achievement of agreed targets.
- Travels, Coordinate and Direct the various Marketing Units to achieve and actively engage in production efforts of the Company and the success of each Unit in its designated area
- Develops and seeks approval for implementing business development and expansion plans within the guidelines established in the company’s strategic plans, to ensure the growth of quality accounts.
- Reviews management information reports, with specific reference to Facultative Underwriting results for the various classes of business underwritten in the Department operation.
- In cooperation with the claims and accounts functions actively works for improving the cash flow and minimize the number of items outstanding in producers’ accounts.
- Makes underwriting decisions and assists the underwriting team on matters referred to ensure the proper acceptance of risks, or otherwise, in accordance with underwriting guidelines and procedures.
- Continuously reviews and monitors the suitability and adequacy of the retrocession protections for the Department, and proposes changes in the protections for the purpose of optimizing the benefits for the company. To also participate in the renewal negotiations as directed by the Management.
- Ensures that the Underwriting Team and staff are directed, controlled, developed, motivated and trained to achieve the high standard of performance required to meet their own and the company’s objectives.
- Assists in the preparation of implementation of budget and activity reports.
- Monitor and advice on the Branch operation and underwriting requirements and Travel Plans.
- Participates in seminars, conferences and other job related activities to both promote the company’s image as a professional reinsurer and maintain awareness of current issues in the market place.
- Undertake specific duties, as may be required by the company from time to time.

Requirements

- Min 15 years of experience in Reinsurance Markets and Facultative practices.
- Bachelor's degree in relevant fields. Master's is an added advantage.
- Excellent Communication skills in English both written and verbal.
- Leadership qualities
- Interpersonal Skills

About the Company

Human Capital House was set up in the year 2013 with a vision to be a progressive talent acquisition partner for organizations within the local and regional market in the Middle East.

As international markets get ever demanding, corporations globally are presented with the challenges of attracting the right talent. Human capital retention and recruitment remain a critical factor to the success of any company. Strategic decision to recruit the right talent is a key issue to organization as wrong candidate selection can potentially be disastrous to their efficiency.

The critical aspect of choosing the right individual with the apt experience and knowledge becomes more crucial as he/she would need to share the ambitions of the employer, while fitting in to the new culture. Human Capital House has both the experience and expertise to help its clients make the right choice of selection. From understanding client requirements, through identifying and assessing the candidates, our systematic approach strives to ensure successful executive recruitment.