Reinsurance Manager

Reinsurance Manager at NCBA – August 2026 Employer:NCBA Group PlcPosition:ManagerLocation:Not explicitly stated in the supplied advertType:Full-timeCareer Field:Insurance / Reinsurance / Risk Management Job Purpose TheReinsurance Managerwill provide technicalsupport to ensure NCBA Insurance effectively manages risk exposure, obtains appropriate treaty and facultative protection, and maintains financial stability. The role involves developing, placing, servicing, monitoring, and renewing reinsurance programmes while ensuring compliance with underwriting requirements, contractual obligations, regulatory expectations, and internal governance standards. The position also supports reinsurance accounting, claims recoveries, reporting, documentation, and timely settlement. Key Responsibilities 1. Reinsurance Technical Support & Placement Assess policies and portfolios to determine reinsurance requirements and retention levels. Recommend appropriate risk-transfer solutions. Analyse underwriting data, exposures, and loss history. Recommend suitable treaty and facultative reinsurance arrangements. 2. Reinsurance Operations, Accounting & Reporting Ensure timely execution, renewal, documentation, and system setup of reinsurance agreements. Maintain accurate treaty parameters and records. Record and reconcile reinsurance premiums, claims, commissions, and related balances. Maintain complete records of ceded and assumed reinsurance contracts. Prepare contractual, regulatory, and management reports. 3. Claims Recoveries & Servicing Coordinate claims notifications and supporting documentation with reinsurers and brokers. Follow up on claim settlements and reinsurance recoveries. Track recoveries and ensure timely recognition and reconciliation with Claims and Finance. Escalate disputed or delayed recoveries. Support timely resolution of recovery issues. Support reinsurance-related reserving and unearned premium considerations. 4. Audit & Compliance Ensure compliance with:Reinsurance treatiesUnderwriting guidelinesDelegated authoritiesInternal policiesApplicable regulations Reinsurance treaties Underwriting guidelines Delegated authorities Internal policies Applicable regulations Maintain complete documentation and audit trails. Support governance and audit readiness. Monitor insurance and reinsurance market and regulatory developments. Advise management on relevant regulatory and market implications. 5. Stakeholder Service & Collaboration Maintain effective relationships with reinsurers, brokers, and other market stakeholders. Provide technical reinsurance support to internal teams. Collaborate with:UnderwritingClaimsFinanceRiskComplianceOther relevant departments Underwriting Claims Finance Risk Compliance Other relevant departments Support efficient processing and resolution of reinsurance matters. 6. Learning & Professional Development Maintain a professional development plan aligned with role requirements. Complete required learning hours. Pursue relevant professional development in insurance and reinsurance. Academic & Professional Qualifications Academic Qualifications ABachelor’s degreein any of the following or a related discipline: Insurance Actuarial Science Economics Business Professional Qualifications Professional insurance qualification such asACII, AIIK, or an equivalent recognised qualification. Reinsurance-specific training is an added advantage. Membership in good standing of a relevant professional body, where applicable. Required Work Experience At least7 years of relevant experiencein general insurance and reinsurance. At least3 yearsof experience in a senior specialist, supervisory, or managerial position. Experience in:Treaty and facultative programme designReinsurance placement and renewalWording reviewPortfolio and exposure analysisRetention and risk appetite parametersReinsurance accountingBordereauxPremium and claims reconciliationClaims recoveriesCounterparty balancesRegulatory reportingAudit support Treaty and facultative programme design Reinsurance placement and renewal Wording review Portfolio and exposure analysis Retention and risk appetite parameters Reinsurance accounting Bordereaux Premium and claims reconciliation Claims recoveries Counterparty balances Regulatory reporting Audit support Proven ability to negotiate and manage relationships with reinsurers and brokers. Ability to influence senior stakeholders across Underwriting, Claims, Finance, Risk, and Compliance. Strong analytical and reporting skills. Proficiency in insurance core systems, spreadsheets, and data tools used for exposure, accumulation, and performance analysis. Working knowledge ofKenyan insurance and reinsurance regulations, governance requirements, financial controls, and relevant international market practices. Technical Competencies Candidates should have strong knowledge of: Reinsurance products and structures Treaty reinsurance Facultative placements Retention levels Reinsurance terminology Underwriting data analysis Loss experience and exposure analysis Portfolio analysis Bordereaux preparation Commissions and recoveries Insurance and reinsurance regulatory requirements Audit and internal control requirements Reporting and documentation Stakeholder management Problem-solving NCBA Core Value Behaviours The role requires competency in the following areas: Building Organizational Talent – Intermediate Building Trust – Intermediate Business Savvy – Intermediate Coaching & Developing Others – Intermediate Driving for Results – Intermediate Empowerment & Delegation – Intermediate Fostering Collaboration – Intermediate Openness – Intermediate Responsiveness – Intermediate Selling the Vision – Intermediate Ideal Candidate Profile The ideal candidate is an experienced insurance/reinsurance professional with7+ years of relevant industry experience, includingat least 3 years in a senior or managerial capacity. The candidate should have strong technical knowledge of treaty and facultative, claims recoveries, reinsurance accounting, regulatory compliance, and stakeholder management. How to Apply Interested and qualified candidates should submit their application through the NCBA career portal. Application:CLICK HERE TO APPLY