Reinsurance Specialist

Job Responsibilities

• Negotiate and arrange reinsurance placements (Treaty, Facultative, XOL) Note that: Treaty is nice to have for our possible future expansion.
• Annually review current reinsurance programs and program structures and evaluate alternatives, formulates options, and recommend changes (e.g. enhancements in the Fac. In order to maximize revenue for CIS )
• Prepare the required renewal information including statistics, risk profiles, top risks, Customer requirements and major losses, etc
• Develop adequate controls and reports to monitor reinsurance performance.
• Collaborate with direct broking department  (CG and Non-CG) to optimize Fac. Reinsurance opportunity and leverage direct broking opportunity.
• Build network with international and domestic insurance community and cooperate on Inward and Outward Facultative Reinsurance.
• Liaise with Finance Department for remittance of reinsurance premiums in accordance with the contract requirements.
• Monitor the reinsurance register to ensure risks are correctly allocated to each RI brokers / Reinsurers.
• Prepare the required reports for different stakeholders such as company management, OIC, etc.
• Monitor and update rating records of all reinsurers.
• Perform due diligence when working with new Reinsurers and Reinsurance Brokers
• Review the placing slips, cover notes and wordings.
• Prepare RI Application
• Understand products thoroughly and be able to explain to Reinsurance brokers and Reinsurers.
• Continuously improve Reinsurance operation process

Qualification

• Experience: 3 – 5  years
• Knowledgeable types of insurance / reinsurance
• License: Reinsurance
• Education Degree:  Bachelor degree or more
• Excellent communication skills in both Thai and English