Reinsurance Manager & Principal Officer at Blue Recruits
Job Overview
Reinsurance Manager & Principal Officer at Blue Recruits
Reinsurance Manager & Principal Officer – Insurance Brokerage Firm
Location: Dar es Salaam, Tanzania
Overview:
The Reinsurance Manager & Principal Officer will serve as the senior executive responsible for managing outward reinsurance programs, ensuring compliance with regulatory requirements, and maintaining strong relationships with reinsurers. This role requires a seasoned professional with proven expertise in reinsurance brokerage and direct experience working with leading insurance companies such as Alliance Insurance, Strategies, Sanlam and others.
Key Responsibilities:
- Reinsurance Program Management: Oversee the full lifecycle of outward reinsurance programs, including data submissions, premium payments, claims notifications, and recoveries.
- Documentation & Compliance: Maintain accurate records of treaties, endorsements, and slip notes while ensuring compliance with internal policies and external regulations.
- Analytical Oversight: Evaluate treaty structures (proportional and non-proportional) to assess commercial viability and risk mitigation.
- Contract & Legal Coordination: Prepare quotations, comparative analytics, and contract wording in collaboration with legal teams.
- Risk & Credit Assessment: Assess ceding company exposures and reinsurer creditworthiness through modeling and analysis.
- Performance Monitoring: Track treaty performance, profitability, and return-on-risk measures.
- Regulatory Reporting: Ensure quarterly and annual returns submission to Tanzania Insurance Regulatory Authority (TIRA), and maintain compliance with other regularly reporting bodies such as: Bank of Tanzania (BoTTanzania Revenue Authority (TRA), National Social Security Fund (NSSF). Fair Competition Commission (FCC) and Financial Intelligence Unit (FIU)
- Claims & Recoveries: Coordinate claims notifications, manage large loss recoveries, and facilitate reinsurer audits.
- Pricing & Placement Decisions: Conduct pricing and cost/benefit analyses to support reinsurance purchasing and placement strategies.
- Leadership & Stakeholder Engagement: Mentor teams, engage with clients and reinsurers and foster strong industry relationships.
Qualifications:
- Minimum of 4–7 years’ experience working as a Reinsurance Manager or Officer and Principal Officer in a brokerage or insurance company (Reinsurance Department).
- Bachelor’s degree in Insurance, Risk Management, Finance or related field; professional certifications preferred.
- Strong knowledge of reinsurance markets, treaty structures and regulatory frameworks.
- Proven track record working with leading insurance companies (e.g., Alliance Insurance, Strategies, Sanlam e.t.c).
- Excellent interpersonal, negotiation and presentation skills.
To Apply: Send Cv; [email protected]
Deadline: 16th April 2026
