Financial Risk Management Executive

8 hours ago

Hyderabad, Telangana, India beBeeReinsurance Full time ₹ 9,00,000 - ₹ 12,00,000

About the Company

Kshema General Insurance Limited was established in 2018 and is India's only Digital Agri Insurance Company catering to farmers/cultivators in the Agriculture Sectors.

Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products. Kshema is leveraging Technology to provide cutting edge insurance solutions to farmers.

Kshema has a pan India presence with more than 500+ employees on roles along with 500+ employees as contractors.


About the Role

As a Reinsurance Manager, you will be responsible for design, negotiation, placement, and monitoring of reinsurance programs in line with the risk appetite, financial objectives and regulatory requirements.

You will work closely with stakeholders like brokers and reinsurance partners along with internal departments like Underwriting, Finance and Actuarial teams to achieve your deliverables.

Main Responsibilities:

  • Developing and reviewing the retention strategy and reinsurance program as per the risk appetite, financial objectives, and regulatory requirements.
  • Evaluating the reinsurance needs and opportunities based on an analysis of risk profile, capital position, and market conditions.
  • Leading the reinsurance accounting, reporting, and auditing processes, and ensuring timely and accurate settlement of reinsurance transactions and claims.
  • Monitoring the performance of reinsurance programs, and conduct regular reviews and audits to identify gaps, and suggest changes in the program to address gaps and/or save reinsurance spend;
  • Keeping abreast of the latest trends, developments, and best practices in the reinsurance industry, and providing insights and recommendations to senior management.

Qualifications:

  • Bachelor's or master's degree in insurance, finance, actuarial science, or a related field.
  • Professional certification or designation in reinsurance from a reputed institute is desirable.
  • Extensive experience in reinsurance domain; preferably with an Indian Insurance company.
  • Strong analytical, problem-solving, and decision-making skills, and the ability to evaluate complex and dynamic reinsurance scenarios and risks.
  • Excellent negotiation, communication, and interpersonal skills, and the ability to build and maintain positive and productive relationships with internal and external parties.

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