Purpose of the role:<\/p>\n
\tThe Head of Outwards Reinsurance is responsible for the design, placement, optimisation, and governance of all outwards reinsurance arrangements across Santam Limited\u2019s global insurance and reinsurance portfolio.
\n\tWorking closely with the Santam Re & International Chief Executive Officer, Santam Group Chief Risk Officer and Santam Group Chief Underwriting Officer, this role ensures that the reinsurance strategy effectively supports the Santam Group\u2019s capital, volatility, and growth objectives. Maintenance of core relationships with global reinsurers, institutional brokers and internal stakeholders is key to being successful in this role.
\n\tThe Head of Outwards Reinsurance leads all aspects of treaty and facultative purchasing, reinsurance analytics, portfolio insight, and regulatory compliance in alignment with the Santam Group\u2019s risk appetite statement and international best practice.
\n\tSantam is the market leader in the general insurance industry in Southern Africa. As a large, diversified, and expanding company, we are committed to transformation and growth. While our headquarters are in South Africa, we are rapidly extending our presence into emerging markets across Africa and Asia.
\n\tWith a client base of over 1 million policyholders, Santam serves individuals, commercial enterprises, specialist business owners, and institutions\u2014including 80 of the Top 100 companies listed on the JSE.
\n\tOur commitment to Insurance, Good and Proper goes beyond just providing cover\u2014we offer peace of mind, ensuring our clients can focus on living in the moment, not worrying about the unexpected. Because at Santam, we believe the freedom to seize every day is worth protecting.<\/p>\n
What will you do?<\/p>\n
Reinsurance Strategy, Structuring, and Placement<\/p>\n
\tMaintain, optimise and structure the group-wide outwards reinsurance program and ensure alignment with the group\u2019s underwriting, capital, and risk objectives.
\n\tLead the annual treaty and facultative renewal cycle, including programme design, market engagement, pricing negotiations, and final placement. Collaborate closely with the CEO of Santam Re & International, as well as the group CRO and CUO, respectively.
\n\tAssess and optimise the structure of proportional, non-proportional, and facultative covers based on the needs analysis performed for each division \/ entity within the group.<\/p>\n
Reinsurance Analytics, Modelling, and Portfolio Insight<\/p>\n
\tCollate and review the reasonableness of actuarial and exposure-modelling work supporting reinsurance purchase decisions (e.g. catastrophe modelling, loss modelling, stochastic simulations).
\n\tAnalyse portfolio performance, accumulation trends, loss patterns, and emerging risks to inform reinsurance appetite based on each division\u2019s own risk appetite, while ensuring compliance with the group\u2019s risk appetite statement.
\n\tInterpret internal and external data sources to improve reinsurance optimisation and to develop pricing leverage.<\/p>\n
Market Engagement and Relationship Management<\/p>\n
\tBuild and maintain strong relationships with global reinsurers, brokers, and advisory partners.
\n\tLead market presentations, due-diligence sessions, and reinsurer engagement materials.
\n\tMonitor reinsurance market trends, capacity changes, pricing cycles, and competitor behaviours to anticipate strategic implications. Communicate these insights to key decision-makers within the group to support a culture of continued improvement in decision making.<\/p>\n
Operational Execution, Governance, and Compliance<\/p>\n
\tEnsure end-to-end documentation, contract certainty, and timely execution of reinsurance placements.
\n\tOversee reinsurance accounting, bordereaux quality, and claims recoveries in partnership with the finance and claims teams, respectively.
\n\tMaintain compliance with all applicable laws and regulations within span of control. This includes ensuring compliance with all group policies which attach to the outwards function.
\n\tMaintain and optimise an environment which fosters industry-leading standards for reinsurance governance and decision-making, including policies, procedures, and internal controls.<\/p>\n
Leadership, Stakeholder Management, and Internal Collaboration<\/p>\n
\tLead and mentor the reinsurance team, promoting technical excellence and continuous development.
\n\tIdentify, initiate and drive actions that support a highly engaged team
\n\tPartner with underwriting, actuarial, finance, financial risk management, and the group risk team on strategy alignment and execution.
\n\tProvide executive-level reporting to group committees, boards, and other interested stakeholders.
\n\tDrive a culture of analytical rigour, transparent communication, and commercial decision-making based on sound data and a clear view of functional and group strategy.<\/p>\n
What will make you successful in this role?<\/p>\n
Minimum Requirements:<\/p>\n
\tYou have a minimum of more than 5 years \u00a0of experience in reinsurance, ideally with practical experience optimising and placing outwards programs for P&C insurers \/ P&C bancassurers.
\n\tDemonstrated experience negotiating program placements through the renewal cycle, driving towards a positive outcome for the reinsured. These include complex, multi-line portfolios which span across divisions within the Santam Group.
\n\tYou have a good understanding of the reinsurance marketplace in South Africa and globally, as well as knowledge of the global reinsurers who offer capacity in our chosen classes and markets. You can translate this knowledge into actionable insights, driving strategic decision making supported by data and analytics.\u00a0
\n\tYou have good relationships with both institutional brokers and global reinsurers.
\n\tYou have excellent communication (written and spoken) as well as presentation skills and are adept at presenting to forums of C-suite executives. You are comfortable leading international market presentations during placement roadshows.
\n\tYou have a bachelor\u2019s degree in actuarial science \/ risk management \/ insurance \/ finance or a related quantitative field, backed by the relevant experience necessary to lead one of Africa\u2019s largest P&C reinsurance placements. Actuary \/ nearly qualified actuary will enjoy a distinct advantage (FIA \/ FASSA).
\n\tYou have strong analytical and problem-solving skills, with the vision to see solutions beyond current system \/ process capabilities.
\n\tYou can adapt, and thrive, in a fast-paced and evolving environment where you will need to roll up your sleeves.
\n\tYou are adept at leading and mentoring diverse, high-performing teams and proactively supporting team members (including indirect reports within your structure) who may need guidance to perform at the required level.
\n\tYou are open to both local (within South Africa) as well as international travel as required by the business.<\/p>\n
Apply via company website ( http:\/\/www.santam.co.za ) or<\/p>\n
careers.sanlamcloud.co.za<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/careers.sanlamcloud.co.za","_company_name":"Santam Insurance","_company_website":"http:\/\/www.santam.co.za","_company_tagline":"Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. S... read moreantam is a subsidiary of Sanlam Limited and has been listed on the Johannesburg Stock Exchange (JSE) since 1964. 1 Sportica Crescent Tyger Valley Bellville, 7530","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[13],"job-types":[12],"class_list":{"0":"post-34474","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-gauteng-western-cape","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/34474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=34474"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=34474"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=34474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}