Position Summary
Responsible for ensuring Facultative Inward and Outward reinsurance acceptances align with company policies, business objectives, and regulatory requirements. The role also supports budget monitoring, operational accuracy, and timely execution of reinsurance processes in accordance with Generali Group and local guidelines.
Key Responsibilitie
s
1. Facultative Inwa
- rdManage facultative inward risk offers (new, renewals, endorsements) upon receipt from cedants or intermediari
- esReview and ensure risks are authorized in accordance with underwriting guidelines before referral to respective Lines of Business (LO
- B)Verify policy documentation and closing details to ensure accuracy and consistency with accepted ris
- ksFollow up with cedants on renewal accounts on a monthly bas
- isMonitor expiring accounts and actively pursue updates with cedants/reinsurance brokers after one month of expi
ry
2. Facultative Outw
- ardEnsure facultative outward placements (new and renewals) are completed within stipulated timeli
- nesSecure hold cover confirmations from reinsurers before account exp
- iryEnsure all LSR submissions are completed according to required timeli
- nesEnsure timely completion of reinsurance closings and premium settleme
nts
3. Reconcilia
- tionCoordinate with UBS team to ensure timely data entry once closing is received from CAB system and policies are issued within the same m
- onthAssist in investigating and resolving reconciliation discrepancies to ensure timely matc
hing
4. Other Responsibil
- itiesSupport ad-hoc assignments, projects, and additional duties as req
uired
Qualification & Experience Requir
ements
Ed
- ucationBachelor's Degree in Insurance, Engineering, Legal, Accounting, Finance, Business, or equ
- ivalentProfessional insurance qualifications (e.g., AMII, ACII, AAII, DMII) are an added ad
vantage
Ex
- perienceMinimum 5 years of experience in the insurance/reinsurance
- industryStrong network and rapport with reinsurance coun
- terpartsProven ability to manage Facultative Inward processes indep
- endentlyFresh graduates are encouraged to apply (for junior-level consid
eration)