Manager, Risk Management & Reassurance at Custodian Investment Plc

Job Summary

• We are seeking a highly skilled and strategic Manager, Risk Management & Reassurance to join our team. This role will be key in managing and analyzing financial, market, credit, and operational risks within the organization. You will play a vital part in ensuring effective reinsurance arrangements and risk mitigation strategies are in place, contributing to the company’s risk management framework and financial resilience.

Job Details

Risk Management:

• Develop and implement risk management strategies: Contribute to the design and execution of a comprehensive risk management process, analyzing the financial impact of various risks.
• Risk assessment and evaluation: Assess and evaluate current and potential risks affecting the organization, ensuring effective risk mitigation strategies are in place.
• Risk reporting: Prepare detailed risk reports for department heads and other stakeholders, ensuring clarity around departmental responsibilities in managing risks.
• Stakeholder engagement: Effectively communicate external risks and corporate governance issues to key stakeholders.
• Business continuity planning: Collaborate with other departments to develop, implement, and update business continuity plans.
• Employee training and awareness: Support the promotion of risk management awareness throughout the company and provide risk-related training for staff.

Reassurance

• Reinsurance advice: Provide advice on new, renewed, and altered policies to ensure optimal apportionment and placement of risks.
• Retention and treaty management: Assist in advising on retention limits and treaty arrangements, ensuring alignment with market trends and company strategy.
• Reconciliation and claims management: Oversee reconciliation of accounts with reinsurers, manage large claims, and coordinate claims recovery exceeding retention limits.
• Operational oversight: Ensure the effective execution of reassurance activities and monitor team performance to ensure alignment with company strategy.

Managerial Activities:

• Reinsurance advice: Provide advice on new, renewed, and altered policies to ensure optimal apportionment and placement of risks.
• Retention and treaty management: Assist in advising on retention limits and treaty arrangements, ensuring alignment with market trends and company strategy.
• Reconciliation and claims management: Oversee reconciliation of accounts with reinsurers, manage large claims, and coordinate claims recovery exceeding retention limits.
• Operational oversight: Ensure the effective execution of reassurance activities and monitor team performance to ensure alignment with company strategy

Requirements

Knowledge/ Qualification

• Bachelor’s degree from an accredited university.
• Certification in Risk Management is Compulsory

Experience

• Minimum of 7-10 years of experience in risk management, reinsurance, or actuarial services, with at least 3 years in a managerial role in risk management

Skills/Competencies

• Strong knowledge of risk management and reinsurance principles.
• Ability to assess, mitigate, and report on complex risks.
• Excellent analytical, organizational, and leadership skills.
• Strong communication and interpersonal skills, with the ability to work effectively across teams and departments.
• Strong problem-solving and negotiation skills.
• Proficiency in relevant risk management and financial software/tools.