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Manager, Reinsurance & Regional Reporting (Life Insurance)

Manager, Reinsurance & Regional Reporting (Life Insurance)

Generali MalaysiaKuala Lumpur, Kuala Lumpur, Malaysia
2 days ago
Job description

Manager, Reinsurance & Regional Reporting (Life Insurance)

Summary :

  • Lead and manage the reinsurance administration team
  • Develop, implement, and maintain the reinsurance administration processes and system
  • Settle the reinsurance accounts with reinsurers as per reinsurance contracts
  • Take custodianship of reinsurance contracts
  • Implement reinsurance related Generali Group policy / guideline and facilitate compliance attestation
  • Support stakeholders’ business / strategic initiatives and operational / reporting needs

Responsibilities

Lead on Reinsurance Administration Reporting & Modelling

  • Manage all reinsurance deliverables
  • Provide the necessary technical training (as required)
  • Responsible for regular (monthly, annual, etc) key RI areas (Reinsurance provision, Statement, Queries, Payment Adjustment, Profit Commissions, etc.) in an effective and timely manner.
  • Provide insight on the reinsurance statistics movements.
  • Liaise with reinsurer on the confirmation of reinsurance payment and provide confirmation documents to finance for payment process.
  • Complete and model unmodeled products into RI system (DCS) and thereafter put in processes to ensure development is timely, tested and well-documented.
  • Learn and support the development of new / enhanced (eBao) reinsurance module, if required.
  • Submission of treaty, facultative and recoverable datasets via reinsurance monitoring platform (RMP)
  • Submission of technical and financial files in compliance with Generali Accounting Reporting Format for Group Companies (GARFGC)

    • Lead on Technical Support

  • Historical reinsurance data for reinsurance negotiation purposes
  • IFRS17 and BNM reporting
  • Summary of reinsurance treaties

    • Lead on Operational Controls and Governance

  • To ensure continuous improvement of Risk and Compliance controls of operational processes.
  • To assess and update all processes and documentations based on any new / revised guidelines issued by BNM / Generali Group / LIAM.
  • Ensure mandatory reporting to any internal and external party is completed within the set timeline.

    • Lead on Regional Reporting and Ad Hoc Support

  • Review and ensure completeness of regional reporting
  • Coordinate the ad hoc support for initiatives
  • Championing automation and simplification for reporting and processes within the team

    • Requirements

  • Preferably actuarial or statistic degree or master, while a professional certification (SOA, IFOA, etc.) with at least associateship.
  • At least 6 years actuarial experiences.
  • Understanding of local insurance markets and competition landscape.
  • Understanding of actuarial control cycle
  • Reinsurance experience is preferred
  • Pricing experience is a plus
  • Analytical / numerical skills
  • Leadership and Motivational skills
  • Team building and collaboration skills
  • Ability and interest to lead and develop junior team members

    • Seniority level

    Mid‑Senior level

    Employment type

    Full‑time

    Job function

    Insurance

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    Manager • Kuala Lumpur, Kuala Lumpur, Malaysia