Job Description

About the role:

Reporting to the General Manager, the Head of Casualty & Financial Lines you will be responsible for driving the strategic development, management, and growth of the casualty and financial lines portfolio. This role requires a dynamic leader with a strong industry background to optimise portfolio performance, enhance product offerings, and build lasting relationships with cedents and reinsurance partners existing reinsurance portfolios to meet evolving market demands.

Responsibilities:

Strategic Planning & Portfolio Management:

• Develop and execute strategic plans to achieve business objectives for the casualty and financial lines portfolio.
• Monitor market trends, competitor activities, and regulatory changes, ensuring strategies remain adaptive and competitive.

Team Leadership:

• Lead, mentor, and develop the casualty and financial lines team, fostering a high-performance culture.
• Provide guidance and training to enhance the team's technical and leadership capabilities.

Product Development:

• Oversee the design, development, and enhancement of casualty and financial lines reinsurance products.
• Ensure all products align with client needs, market demands, and regulatory standards.

Risk Management:

• Monitor portfolio risk exposure and implement effective risk mitigation strategies.
• Conduct regular risk assessments and ensure compliance with internal and external guidelines.

Business Development & Relationship Management:

• Cultivate and maintain strong relationships with cedents and reinsurance partners.
• Identify and pursue new business opportunities to expand the portfolio.

Regulatory Compliance & Reporting:

• Ensure all products and operations comply with relevant regulations and industry standards.
• Prepare and present regular reports on portfolio performance, including financial results, risk assessments, and market analysis.

Financial Performance:

• Meet yearly budget targets set and agreed by senior management.
• Drive sustainable growth and profitability across the portfolio.

Candidate Qualifications:

• Minimum of 5-7 years of experience in a similar role within the reinsurance industry.
• Bachelor's degree in Business Management or a related field; a Master's degree is a plus.
• Proven expertise in portfolio management, risk management, and technical reinsurance knowledge.

Key Competencies

• Technical Skills:
• Strong knowledge of casualty and financial lines products and market dynamics.
• Risk management expertise and analytical capabilities.
• Effective portfolio management and strategic planning skills.

Behavioural Skills:

• Exceptional leadership and team development abilities.
• Strong negotiation, problem-solving, and decision-making skills.
• Excellent communication and time management.
• Detail-oriented with the ability to manage multiple priorities effectively.

Languages:

• Fluent English, Arabic an advantage