Job Description

Job ClassificationJob Requisition - 138833
Closing Date - 22 April 2025
Location - Johannesburg
Cluster - Nedbank Wealth - Division - Nedbank Insurance - Client Solutions
Please Note: Preference will be given to applicants from Underrepresented GroupsJob FamilyProject, Process and ProductCareer StreamProductLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeTo help drive and deliver the reinsurance capability within Nedbank Insurance including engagement with both internal and external clients, in line with Nedbank's Client Value Proposition. This role will focus on the delivery of the reinsurance deliveries across our life and short-term insurance product sets.Job Responsibilities

• Perform finance related functions relating to reinsurance including reporting, payments, claim recoveries, debt management and debtor management
• Monitors reinsurance claims administration including claim notification and facilitating recoveries
• Review reinsurance contracts and documents reinsurance arrangements in accordance with the Nedbank Insurance's procedures and controls
• Assistance with the quarterly and annual SAM valuations from a reinsurance perspective
• Technical assistance on reinsurance, reinsurance tenders and treaty performance monitoring
• Improvement and automation of existing processes with a strong focus on risk management
• Ensuring compliance (brand/reputation/other risks) by enforcing regulations; policies and procedures and understanding link from policy - process- system - operating procedures
• Developing and managing relationships with reinsurers through communication and networking as determined by Nedbank Insurance's needs
• Annually review current reinsurance programs and program structures and evaluates alternatives, formulates options and recommends changes
• Preparation of reinsurance renewal market presentation and presents to reinsurers
• Negotiates and arranges reinsurance placements (Treaty and Facultative)

Job Responsibilities ContinuePeople SpecificationEssential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred QualificationDegree in Accounting, Business, Finance or Actuarial ScienceEssential CertificationsPreferred CertificationsMinimum Experience LevelMust have 2 - 3 years in a reinsurance relationship management in a reinsurance or insurance environmentMust have 2 - 3 years exposure to reinsurance reporting and management in either life or short-term insuranceMust be able to work independently and as a part of a teamMust be able to interact and communicate effectively within a finance environmentMust be proficient at MS OfficeR Experience will be an advantage, but not a requisiteTechnical / Professional Knowledge

• Communication Strategies
• Data analysis
• Industry trends
• Principles of financial management
• Relevant regulatory knowledge
• Decision-making process
• Cluster Specific Operational Knowledge
• Governance, risk and controls

Behavioural Competencies

• Customer Focus
• Decision Making
• Facilitating Change
• Initiating Action
• Innovation
• Technical/Professional Knowledge and Skills

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Nedbank