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 deliverablesProvide 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 purposesIFRS17 and BNM reportingSummary of reinsurance treatiesLead 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 reportingCoordinate the ad hoc support for initiativesChampioning automation and simplification for reporting and processes within the teamRequirements
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 cycleReinsurance experience is preferredPricing experience is a plusAnalytical / numerical skillsLeadership and Motivational skillsTeam building and collaboration skillsAbility and interest to lead and develop junior team membersSeniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Insurance
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