Reinsurance Specialist for Global Risk Management

5 days ago


Kuwait City, Al Asimah HealthCare Dynamics Gen. Trading Company W.L.L Full time

HealthCare Dynamics Gen. Trading Company W.L.L is seeking a skilled Reinsurance Analyst to join its team.

About the Role

This role involves overseeing various reinsurance arrangements, including treaty and facultative reinsurance protection, to ensure that all classes of business written by the company are properly managed.

The successful candidate will be responsible for assisting in the implementation of the company's reinsurance program based on overall company objectives, maintaining a business relationship with the underwriting and finance department, and liaising with local, regional, and international reinsurance markets.

Key Responsibilities
  • Coordinate all reinsurance activities, ensuring compliance with legal and regulatory requirements;
  • Negotiate reinsurance contracts with brokers and companies;
  • Maintain accurate records of all reinsurance transactions and agreements;
  • Assist in audits and regulatory reviews;
  • Analyze the financial impact of reinsurance transactions;
  • Monitor performance of reinsurance agreements;
  • Work closely with the IT Department to update all reinsurance-related matters;
  • Prepare quarterly statements of accounts for all types of reinsurance;
  • Collaborate with the Claims Unit on notification and recovery of claims from reinsurers;
Requirements

To succeed in this role, you must possess excellent analytical skills, the ability to assess complex risk factors, and make sound underwriting decisions.

A strong understanding of reinsurance is essential, along with advanced Excel skills and the ability to work within and across teams.

Candidates should have a University Degree in Economics, Business Administration, or a related field and professional insurance qualifications, such as Chartered Insurance Institute (CII/ACII) certification.

At least 3-5 years of experience in the insurance or reinsurance industry is preferred.


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