Specialist of Reinsurance Companies & PPP Supervision

Job Overview

This role is conducted within the vision, mission, and strategic plan of the Insurance Authority. As the Authority’s principal line of defence over re-insurance companies and PPP risk pools, the Specialist of Reinsurance Companies & PPP Supervision safeguards policyholder interests and systemic stability through forward-looking, risk-based oversight. this role will lead actuarial and regulatory assessments, integrating on-site findings, off-site analytics, and market intelligence into coherent supervisory strategies. By translating complex technical analyses into decisive interventions, the position aligns industry practices with evolving IAIS standards, drives timely remediation of deficiencies, and elevates governance, solvency and capital resilience across the sector.

Responsibilities and Tasks

• Conduct in-depth quantitative and qualitative reviews of quarterly and annual statutory submissions, focusing on capital adequacy, technical provisions, and asset-liability management.
• Analyze Own Risk & Solvency Assessment (ORSA) reports and assess adherence to IA-issued prudential guidelines, documenting gaps and recommending remedial actions.
• Evaluate the structure and performance of PPP risk pools, validating stress-testing assumptions and financial projections.
• Plan and execute targeted off-site analytics to flag early warning indicators, escalating emerging risks to the Manager in a timely and structured manner.
• Participate as the lead subject-matter expert in joint on-site inspections with the Inspection unit, drafting sections of the supervisory letter related to reserving, reinsurance programmers, and governance findings.
• Prepare high-quality supervisory memoranda and Board briefing packs that translate technical findings into actionable supervisory measures.
• Liaise directly with company Chief Risk Officers and Appointed Actuaries to clarify data anomalies, negotiate corrective timelines, and monitor subsequent implementation progress.
• Develop and refine actuarial projection templates, capital-adequacy stress matrices, and analytical dashboards that strengthen the Department’s surveillance toolkit.
• Mentor Specialists and Analysts by delivering technical clinics on IFRS-17, RBC calculation nuances, and PPP performance metrics.
• Contribute to cross-department working groups that benchmark IA prudential standards against regional and IAIS best practice.
• Track key risk indicators (KRIs) and supervisory action plans in the Department’s GRC system, ensuring all entries meet data-quality thresholds and audit-trail requirements.
• Champion process-improvement initiatives—such as automated data ingestion and validation rules—to shorten supervisory cycles while maintaining regulatory rigor.
• Manage/Own departmental strategic planning, budgeting, staffing, and workforce management to ensure cohesive and efficient Reinsurance Companies & PPP Supervision operations aligned with IA’s strategic framework.,
• Perform other job duties as assigned.

Job requirements

Educational Qualifications (required)

• Bachelor’s degree in insurance, Business Administration, Finance, or a related field, or related field

Certifications (required)

• Relevant Professional Certificate is preferred

Experience

• 2+ years with Bachelor’s degree

Core competencies

• Ethics & Integrity
• Effective Communication
• Collaboration & Horizontality
• Personal Competence
• Analysis and Problem Solving