Head Reinsurance - International Energy Insurance (IEI)

Norrenberger Financial Group | Lagos, Nigeria

Full-Time Posted 3 weeks ago 49 views

About the Role

Norrenberger Financial Group is a leading, independent financial services institution providing bespoke financial solutions to individual and institutional clients. We are currently looking for a dynamic and experienced professional to join our team as the Head Reinsurance for International Energy Insurance (IEI). In this critical leadership role, you will be responsible for managing reinsurance arrangements, ensuring adequate risk transfer, supporting underwriting capacity, and maintaining robust relationships with reinsurers and brokers.

Key Responsibilities
  • Develop and implement the company reinsurance strategy in alignment with underwriting philosophy, risk appetite, and NAICOM regulations.
  • Lead the negotiation, placement, and renewal of proportional and non-proportional treaty arrangements, as well as complex facultative placements.
  • Oversee reinsurance recoveries, manage claims disputes, and monitor ageing analyses to protect company cash flow.
  • Assess reinsurer security, counterparty credit risk exposures, and diversify the reinsurer panel to mitigate concentration risk.
  • Collaborate closely with actuarial, underwriting, and finance functions to provide risk transfer insights and support capital management.
  • Maintain comprehensive reinsurance documentation, bordereaux management, and coordinate regulatory compliance reporting.
Qualifications
  • Bachelor degree in Insurance, Actuarial Science, Finance, Accounting, Economics, or a related field.
  • Master degree or relevant professional certifications such as CIIN, ACII, or AIIIN are required.
  • Minimum of 8 years of practical insurance and reinsurance experience with strong technical knowledge of risk transfer mechanisms.
  • Exceptional analytical, numerical, negotiation, and communication skills.
  • Proficiency in Microsoft Excel and industry-standard reinsurance management systems.
Benefits
  • Competitive salary and performance-based incentives.
  • Comprehensive health insurance and wellness packages.
  • Opportunities for professional development and continuous learning.
  • A collaborative and dynamic work environment within a leading financial group.

Skills

Reinsurance Strategy Treaty & Facultative Placements Risk Management NAICOM Compliance Claims Recovery Portfolio Analysis Stakeholder Management

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