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Sydney Exciting role, responsible for developing an over-arching reinsurance strategy for Insurance for NSW schemes Join an Organisation focused on positive outcomes for the Community of NSW Permanent full-time position in Sydney CBD office & hybrid working model Senior level role with clear success plan in place for your development About the Role This role manages the reinsurance arrangements for Insurance for NSW (IfNSW) schemes and provides strategic senior level advice as well as develops state and public sector wide strategies on reinsurance/insurance issues. Benefits A corporate wellbeing program with subsidised gym membership, free flu vaccinations and health check programs icare day – access to an extra day’s leave Comprehensive learning and development support aligned to icare’s Core Capabilities. Our People Awards - On-the-spot Recognition, Quarterly Values Awards & Our People Annual Awards Access to our Employee Assistance Program Duties It’s an exciting time at icare where no two days are the same; as Reinsurance Manager you will: Provide advice and input on developing risk appetite for the Treasury Managed Fund (TMF), one of the largest schemes within IfNSW schemes.
Develop and provide strategic advice and management of the reinsurance requirements of the TMF and other schemes. Ensure governance and compliance in line with the Reinsurance Management Strategy (ReMS) and Reinsurance Arrangement Statement (RAS). Work closely with Underwriting, Actuarial, Claims and Finance to manage risk and reinsurance financial implications and outcomes.
Manage the annual reinsurance renewal including strategies, process, marketing and engagement with the Reinsurance Service Provider and reinsurers. Provide Reinsurance papers/briefs for NSW Treasury Asset and Liability Committee (ALCO), icare’s Board and/or Audit and Risk Committee (ARC), and other internal and external parties as required. Skills & Experience Extensive experience (10 years ) in insurance or reinsurance buying, underwriting or reinsurance broking.
Understanding of Captive insurance arrangements and knowledge of reinsurance arrangements associated with the IfNSW Schemes. A broad knowledge of relevant legislation and current contractual arrangements and willingness to maintain up-to-date technical knowledge of the commercial insurance and reinsurance markets, including awareness of current and emerging national and international trends. Ability to explain and communicate complex information on reinsurance and insurance issues to a broad range of internal and external stakeholders.
Ability and experience to review, interpret and draft re/insurance-based language for both the TMF Statement of Cover and reinsurance arrangements. Experience in assessing the outputs of catastrophe and other modelling. Culture We know our strength comes from the diversity of our people and would encourage people with different experiences and backgrounds to apply.