Assistant Manager, Reinsurance Facultative

We are seeking a proactive and detail-oriented Assistant Manager – Facultative Reinsurance to join our dynamic team. In this role, you will manage the end-to-end facultative placement process, ensuring seamless coordination across underwriting, operations, finance, and claims teams. Your efforts will support timely facultative cover binding, claims recoveries, and adherence to internal and regulatory standards. You will also play a key role in fostering strong relationships with reinsurers and brokers, driving an agile and efficient reinsurance function.

Job Responsibilities:

• Arrange Facultative quote/support for General Lines of Business based on UW/OPS requirements
• Follow up with markets on timely manner to assist UW team to release terms to the client/broker
• Preparation of RI Working & RI File Note to keep track on the placement/support and necessary closing in system
• Closely follow up with RI to bind cover on timely manner

• Receipt of RI Cover Note / Signed slips before processing necessary closings
• Process RI Closings/Credit Note and send to Reinsurers within 15 days from end of each month
• Coordinate with Finance Team and arrange Counter Invoices / VAT Invoices from Fac Reinsurers/Brokers
• Prepare Special Acceptance Requests and take up with Treaty RI wherever there is deviation in the treaty conditions as advised by UW/Ops Team
• Month closing in system including coordination with UW/Ops to ensure approval of policy/endt in the system before the deadline
• Update Facultative register which includes details of Ultimate RI, FAC Share of SI, premium and other details
• Arrange KYC for new Reinsurers/RI Brokers on boarding in coordination with Legal/Compliance Team
• Month closing in system including coordination with UW/Ops to ensure approval of policy/endt in the system before the deadline
• Involvement in the Core system development and provide inputs/testing based on RI parameters and requirements.
• Coordinate with all internal and external colleagues on RI related matters
• Provide training and mentorship to junior reinsurance or underwriting staff where needed

Job Requirements:

• A university degree or equivalent academic qualification.
• Minimum 5 years of relevant experience in reinsurance or insurance operations.
• Proficiency in Microsoft Excel and strong data analysis capabilities.
• Excellent written and verbal communication skills .
• Strong listening and comprehension skills to understand underwriting requirements effectively.
• Demonstrated problem-solving and decision-making abilities .
• Excellent interpersonal skills with a collaborative mindset.
• Proven ability to work effectively in cross-functional teams , especially with reinsurers and brokers.
• High level of ethical awareness and professionalism when handling sensitive and confidential information.