Job Description

Sharq Insurance is looking for an experienced and strategic Manager – Reinsurance to lead our Reinsurance function. This leadership role is ideal for a highly accomplished insurance professional with deep expertise in treaty and facultative reinsurance, portfolio management, risk optimization, and stakeholder management.

As Manager – Reinsurance, you will play a critical role in developing cost-effective reinsurance programs, optimizing risk transfer strategies, and supporting the company’s underwriting profitability while ensuring compliance with regulatory and governance requirements.

Key Responsibilities

As the Manager – Reinsurance, you will:

• Lead the overall Reinsurance function, ensuring effective execution of reinsurance strategies aligned with business objectives.
• Manage treaty renewals and facultative reinsurance placements, ensuring timely completion and optimal coverage.
• Develop and maintain cost-effective reinsurance programs that support profitable business growth and effective risk management.
• Monitor reinsurance exposures, portfolio performance, and underwriting profitability while recommending strategic improvements.
• Review and approve reinsurance transactions, placements, contracts, cover notes, and documentation.
• Build and maintain strong relationships with reinsurers, brokers, cedants, and other key industry stakeholders across international markets.
• Oversee collections, cash calls, outstanding recoveries, and monthly reinsurance account closures.
• Collaborate closely with Underwriting, Finance, Claims, and other business units to ensure effective portfolio management and reporting.
• Drive process improvements, operational efficiency, governance, and compliance across the Reinsurance function.
• Ensure compliance with regulatory requirements, AML due diligence, internal controls, audit standards, and company policies.
• Lead, mentor, and develop a high-performing Reinsurance team while fostering a culture of accountability and continuous improvement.

Qualifications & Experience

The successful candidate will possess:

• Bachelor’s degree in Business, Mathematics, Economics, Accounting, Insurance, or a related discipline.
• Professional insurance qualification such as AIII, ACII, or equivalent is highly desirable.
• 10–15 years of insurance industry experience, including significant experience in Reinsurance within a supervisory or managerial capacity.

Strong expertise in:

• Treaty and Facultative Reinsurance
• Reinsurance Risk Management
• Technical Underwriting
• Portfolio Analysis
• Reinsurance Pricing and Profitability
• Regulatory Compliance and Governance
• Excellent analytical, negotiation, stakeholder management, and leadership skills.
• Strong understanding of insurance operations, underwriting processes, and international reinsurance markets.