Manager, Reinsurance (Facultative)

Manager, Facultative Reinsurance

Key Responsibilities

• Review, validate, and assess facultative reinsurance requests.
• Manage facultative reinsurance placements from submission through confirmation.
• Liaise with brokers and reinsurers on quotations, negotiations, terms, and capacity.
• Work closely with underwriting and distribution teams to support optimal risk placement.
• Monitor placement progress and ensure agreed turnaround times are achieved.
• Ensure compliance with reinsurer security requirements, internal governance, regulatory requirements, and LSR Scheme obligations.
• Prepare accurate management, regulatory, and operational reports.
• Lead process improvements and strengthen operational controls.
• Provide technical guidance and operational support to relevant teams.

Requirements

• Bachelor’s degree in Insurance, Risk Management, Finance, Business, or a related discipline.
• Relevant professional insurance qualification is preferred.
• Minimum 6-7 years of relevant experience in insurance or reinsurance, with strong experience in facultative reinsurance, commercial underwriting, or reinsurance broking.
• Proven experience managing complex, large, or non-standard facultative placements.
• Strong knowledge of facultative reinsurance principles, placement processes, policy terms, capacity management, and reinsurer security assessment.
• Experience negotiating with facultative brokers and reinsurers.
• Good understanding of insurance regulations, internal governance, compliance requirements, and LSR Scheme obligations.
• Strong analytical, negotiation, communication, and stakeholder management skills.
• Excellent organisational skills with the ability to manage multiple priorities and meet tight deadlines.
• Experience preparing operational, management, and regulatory reports.
• Proficient in Microsoft Office, particularly Excel; experience with insurance or reinsurance systems is an advantage.
• Leadership experience, including supervising teams, coaching staff, or driving process improvements, is preferred.
• High level of integrity, attention to detail, commercial awareness, and accountability.