Operations Management:
- Administration of the Reinsurance Portfolio including treaty contracts set-up in the system, rendering of Treaty Statement of Accounts, Excess of Loss Treaties Premium Adjustment, Profit Commission, Reinstatement Premiums etc
- Timely and accurate Quarterly Submission Technical Statement of Accounts, including bordereaux submissions, portfolio monitoring and payment authorization requests
- Support automation, system enhancements and workflow improvements.
- Work with internal teams (eg IT, Business, Finance, Compliance, Risk etc) to resolve operational issues and improve operational/reporting efficiency
Reinsurance Protection Arrangement &Statistics Collation /Analysis:
- Management of Treaty Reinsurance Renewals including negotiation, placement and obtaining management approvals for local and regional treaties
- Preparation & Management of Treaty Renewal statistics submissionsfor local, regional, global treaties including Natural Catastrophe EQ/Flood/PAModelling data and Retention Review data
- Check Treaty Contract Wordings, Update Treaty Arrangements, Guidelines and Training after renewal conclusion
Portfolio & Performance Monitoring and Reporting:
- Monitoring and Management Reporting on Treaty Performance,Reinsurance Security Rating Movements, Reinsurance Usage Concentration andReinsurance Contract Certainty, Regional Reinsurance Reporting required bySompo Group (SI, SJ, IRV, BMA etc)
- Preparation and management of Regulatory submissions such as MAS122, 114 and GIA Contract Certainty Reporting
Others:
- Handling and Management of internal and external Audits onReinsurance, and Compliance relatedreporting, request and queries
- Handle and Support request and task assigned by Ceded Re Head/Senior,Regional, Global SJ/SI, Auditor and Regulator, etc
SKILLS &EXPERIENCE
- Min 3-5 years of experience in reinsurance operations
- Good working knowledge of treaty and facultative reinsurance structures
- Familiarity with treaty renewal statistics submissions, catastrophe modeling, rating agency considerations,
- Good understanding of commercial and consumer insurance portfolios
- Strong analytical skills and competency in MS Excel and Powerpoint
- Strong team player with good communication and co-ordinationskills
