Reinsurance Executive-Life

The Reinsurance Executive-Life is responsible for supporting the placement, administration, and management of life reinsurance programs through effective coordination with insurers, reinsurers, and internal teams. This includes facilitating the structuring and execution of reinsurance arrangements, ensuring compliance with regulatory and contractual requirements, and contributing to the optimization of risk transfer solutions across the business. The role also supports portfolio performance monitoring and provides insights that enhance efficiency, strengthen partnerships, and drive sustainable business growth. The role demands strong analytical capability, attention to detail, and a solid understanding of life insurance and reinsurance principles.

1.MAIN RESPONSIBILITIES OF THE JOB

Managerial / Supervisory/ Operational Responsibilities or roles:

Reinsurance Placement & Execution

• Support the structuring, marketing, and placement of life reinsurance business (treaty and facultative) for clients.
• Prepare high-quality placement submissions, including underwriting data, experience analysis, and presentations to reinsurers.
• Engage reinsurers to secure competitive terms, pricing, and capacity aligned with client needs.
• Assist in renewal negotiations and program restructuring.

Business Development & Market Intelligence

• Conduct business development initiatives by identifying opportunities within existing and prospective clients.
• Proposal development and client acquisition efforts.
• Maintain awareness of market developments, pricing trends, and new reinsurance solutions.
• Support innovation in product development and risk solutions in collaboration with internal teams.
• Client Servicing & Relationship Management
• Serve as a key support contact for cedants, ensuring timely and professional delivery of reinsurance solutions.
• Maintain and strengthen relationships with reinsurers and other market participants.
• Participate in client meetings, presentations, and strategy discussions.
• Ensure high service standards and responsiveness to client needs.

Portfolio Management & Analytics

• Analyze client portfolios, including claims experience, retention levels, and treaty performance.
• Provide insights and recommendations to optimize reinsurance structures and profitability.
• Support preparation of client reports, renewal packs, and market presentations.
• Monitor market trends and benchmarking data to inform client strategies.

Administration, Compliance & Documentation

• Ensure accurate preparation and maintenance of reinsurance documentation, including slips, treaties, and endorsements.
• Monitor compliance with regulatory requirements and internal policies.
• Support audits, due diligence, and internal reporting requirements.
• Ensure proper documentation of placements and client interactions.

Support Claims & Recoveries Management

• Support the claims resource to coordinate reinsurance claims notifications and documentation with clients and reinsurers.
• Monitor and follow up on recoveries to ensure timely settlement.
• Resolve discrepancies and support reconciliation of reinsurance accounts.

Responsibility for physical assets

• Laptop
• Branding and promotional items
• Marketing Collateral
• Office Stationery

Nature of Decision Making

• Operational and tactical, with input into strategic decisions

2.KNOWLEDGE, SKILLS AND EXPERIENCE

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role:

• Bachelor’s degree in Actuarial Science, Insurance or relevant Business related field
• Exposure to reinsurance placement, underwriting, actuarial, or portfolio analysis is preferred.
• Good understanding of life insurance products and reinsurance structures.
• Good understanding of market dynamics.
• High attention to detail and strong organizational skills.

Minimum level of professional qualification required to perform effectively in the role:

• Progress toward professional qualifications e.g. ACII, AIIK, FLMI, FIA, ICT, CPA are required.

Minimum level of personal and professional experience required to perform effectively in the role:

• Strong analytical and quantitative skills.
• Strong communication, negotiation, and stakeholder management skills.
• Commercial awareness and client-centric mindset.
• Proficiency in Excel and data analysis tools.
• Strong interpersonal and communication skills.
• High level of emotional intelligence and professionalism skills.
• Passionate about brand development, customer experience, and innovation.

Minimum months or years of experience required to be appointed to the position:

• 3–5 years’ experience in life insurance, reinsurance, or reinsurance broking

3.KEY PERFORMANCE INDICATORS 

Strategic & Financial KPIs

• Placement Success Rate: Percentage of reinsurance programs successfully placed within agreed timelines and terms.
• Revenue Contribution: Fee and commission income generated or supported through placements and renewals.
• Portfolio Profitability Support: Improvement in client portfolio performance through optimized reinsurance structures.
• Cost Efficiency: Effective management of placement and administrative costs.

Sales & Business Development KPIs

• New Business Support: Contribution to acquisition of new clients and business opportunities.
• Client Retention Rate: Percentage of clients retained through renewals and service satisfaction.
• Client Satisfaction: Feedback from clients on service quality and responsiveness.
• Turnaround Time: Timeliness in responding to client requests and delivering reinsurance solutions.

Reinsurance Placement & Market KPIs

• Placement Timeliness: Percentage of placements completed within agreed deadlines.
• Quality of Terms Secured: Competitiveness of pricing, capacity, and coverage obtained from reinsurers.
• Reinsurer Engagement: Strength and breadth of relationships with reinsurers (meetings, interactions, responsiveness).

Renewal Efficiency: Timely and successful execution of renewal strategies.

Operational & Compliance KPIs

• Documentation Accuracy: Completeness and accuracy of slips, treaties, and endorsements.
• Regulatory Compliance: Adherence to regulatory and internal governance requirements.
• Audit Findings: Number and severity of audit issues related to reinsurance processes.
• Process Efficiency: Adherence to internal processes and service level agreements (SLAs).

Analytics & Reporting KPIs

• Reporting Accuracy: Quality and reliability of portfolio and client reports.
• Insight Generation: Value of recommendations provided to improve client reinsurance programs.
• Data Management: Integrity and completeness of reinsurance data and records.
• Market Intelligence Contribution: Frequency and relevance of market insights shared with clients and internal teams.

Personal Effectiveness KPIs

• Productivity & Delivery: Ability to manage multiple placements and deadlines effectively.
• Stakeholder Collaboration: Effectiveness in working with internal teams and external partners.
• Professional Development: Progress toward relevant certifications (e.g., ACII, actuarial exams).
• Initiative & Innovation: Proactiveness in improving processes and identifying new opportunities.

4.COMPETENCIES

Technical

• Life Insurance Product Knowledge: Good grasp of individual and group life products, underwriting principles, and policy structures.
• Reinsurance Placement & Structuring: Ability to prepare placement submissions, structure reinsurance programs, and support negotiations with reinsurers.
• Portfolio Analysis & Interpretation: Capability to analyze claims experience, lapse trends, and portfolio performance to support decision-making.
• Data Analysis & Financial Acumen: Proficiency in interpreting financial and actuarial data, with strong Excel and analytical skills.
• Claims & Recoveries Management: Understanding of reinsurance claims processes, documentation, and recovery follow-ups.
• Regulatory & Compliance Awareness: Knowledge of regulatory requirements and contract wordings within the insurance and reinsurance space.
• Documentation & Contract Management: Attention to detail in preparing and reviewing slips, treaties, and endorsements.
• Market Intelligence: Awareness of reinsurance market trends, pricing cycles, and capacity dynamics.

Behavioral

• Analytical Thinking: Ability to interpret complex data, identify trends, and make sound recommendations.
• Attention to Detail: High level of accuracy in handling data, documentation, and financial information.
• Communication Skills: Clear and professional written and verbal communication with clients, reinsurers, and internal stakeholders.
• Relationship Management: Ability to build and maintain strong working relationships with clients and reinsurers.
• Commercial Awareness: Understanding of business drivers and ability to balance client needs with profitability considerations.
• Problem Solving: Proactive in identifying issues and developing practical, effective solutions.
• Planning & Organization: Ability to manage multiple tasks, deadlines, and priorities in a fast-paced environment.
• Collaboration & Teamwork: Works effectively across teams including Actuarial, Insurance Broking, Technology and Finance.
• Adaptability & Learning Agility: Willingness to learn, adapt to market changes, and continuously improve skills.
• Professionalism & Integrity: Demonstrates ethical behaviour, accountability, and confidentiality in all dealings.

5.WORKING RELATIONSHIPS

Internal

• Finance team.
• Executive Team
• Risk and Compliance Team
• Research and Analytics Team
• People and Culture team.
• Broking team.
• Reinsurance team.
• Actuarial team.
• Technology team.

External

• Reinsurers
• Insurance Companies
• Regulators