Job Description:
Reinsurance Manager
Cairo, District 5 Campus, Building B07, Ain Sokhna Road, New Cairo 11361
Full time 40 hours per week
We make health happen
Bupa Global is the international health insurance division of Bupa. We provide customers who want premium international coverage with products and services to access the healthcare they need anytime, around the world, whether at home or when studying, living, travelling or working abroad.
Bupa Global has offices around the world including London and Brighton (UK), Dublin (Europe), Miami (USA), Dubai (UAE, in partnership with OIC), Egypt and Hong Kong (China) as well as regional offices in mainland China, Singapore, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador.
We're looking to appoint an experienced Reinsurance Manager to join our growing team in Cairo.
How you'll help us make health happen
As our Reinsurance Manager you'll be responsible for supervising the Reinsurance activities in Bupa Egypt Insurance in accordance with the local regulatory platform and Bupa Global direction and strategies.
How you'll help us make health happen
Negotiate treaty and facultative contracts, manage reinsurer relationships, analyse exposure models, and ensure compliance with regulatory and capital requirements.
Prepare the quarterly reinsurance report that required by the regulator.
Responsible for the renewal negotiation with the reinsurers of BEI and submitting all RI agreements to the local regulator on annual bases.
Monitoring the score rating for BEI RI partners in accordance with the minimum regulatory requirements.
Prepare re-insurance reports and present to the board and relevant committees
Collaborate with underwriting, finance, treasury, and external stakeholders to ensure smooth transaction processing.
Fulfil all regulatory requirements that fall within the remit of the role and always comply with them.
Maintain governance and control requirements to ensure that all internal governance requirements are met, including full compliance with all policies, audit actions, monitoring actions and risk appetite.
Prepare monthly and quarterly financial reports that required by the regulator.
Oversee outwards reinsurance operations, including premium payments, claims notifications, and loss recoveries.
Perform any tasks related to actuarial work and ad-hoc reporting.
Technical Function
Monitor market for current agreements and prepare competitive analysis reports.
Produce charts, tables, and reports that explain the Reinsurance risk profile and/or claim profile.
Implement the Reinsurance framework for Bupa Egypt as per the guidelines set by BEI management.
Experience and Qualifications
The role holder is expected to have the following experience and qualification/s:
Graduate from Actuarial Science, insurance or any relevant study.
Having at least 5 years' experience in reinsurance
Strong MS office skills is a must.
Deep understanding of reinsurance treaty structures, quota share, and excess of loss arrangements.
Excellent SQL/Excel VBA skills is an advantage.
Strong data management and analytical reporting skills.
Experience in medical insurance is an advantage.
Resilience and confidence in own and Bupa's ability to succeed
Acts ethically and honestly in all dealing with colleagues building compliance, authenticity and trust.
Capable of representing Bupa at various external forums if needed (specially FRA).
Why Bupa?
We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose - helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
We encourage all of our people to ”Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That's why we especially encourage applications from people with diverse backgrounds and experiences.
Bupa takes pride in being a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We're committed to ensuring you're treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process.
Time Type:
Full timeJob Area:
Finance & AccountingLocations:
Egypt - Cairo
Bupa’s purpose is helping people live longer, healthier, happier lives and making a better world. We do this by providing a broad range of healthcare services, support and advice to people throughout their lives. People are at the heart of everything we do. Together, we make health happen.
Every company needs an ethos, and we're no different. Through good days and challenging times, we always work with our values in mind. These are: Brave - Make new possibilities happen. Caring - Act with empathy and respect. Responsible - Own your decisions and actions.
We don't have shareholders at Bupa, which means we're free to invest our profits where they matter: our patients, our facilities, our research, and you.
As a healthcare provider, we have a duty to do the right thing. By our customers, our people and our partners. The Bupa Code holds us to this duty. It's our promise to protect, care for, and build trust with everyone who relies on us.
Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve.
You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.Free
to be you.
Back in September 2018, we made a pledge. That we'd do whatever we could to make Bupa a diverse, kind and inclusive place to work.
Everyone deserves a positive working environment. Everyone deserves to have their voice heard. Everyone deserves freedom from bullying, harassment and discrimination.
Rhitik joined our Actuarial team for his placement year in 2020 and will be returning in 2022 as part of our Graduate programme. We caught up with him at the end of his Placement year to find out how he got on, and why he chose to stay with Bupa once he’s completed his studies.
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