Reinsurance Sr. Analyst

About Alrajhi Takaful: Al Rajhi Takaful is fully committed to providing you with first class, Shariah compliant solutions that are fully aligned to the Kingdom’s 2030 Vision. We aim to protect all our customers, and fulfil their dreams, hopes and ambitions. All our policies provide customers with state-of-the art solutions and come with the support of a team of dedicated, professional and experienced insurance industry. The Job Title: Reinsurance Sr. AnalystJob Description: To contribute to the formulation and execution of Al Rajhi Takaful’s facultative reinsurance strategy and business plans, ensuring optimal protection against underwriting risks at minimal cost.

The role focuses on proactively engaging with reinsurance brokers and direct markets to secure reinsurance solutions for complex and high-risk exposures, in alignment with the company’s risk appetite and financial objectives. Key Responsibilities: Support the execution of facultative reinsurance placements to ensure alignment with the company’s risk appetite, underwriting strategy, and regulatory requirements. Assist in analyzing and consolidating underwriting data to support informed decision-making on reinsurance structures and portfolio optimization. Contribute to managing relationships with reinsurers and brokers to support effective negotiation, placement, and renewal of facultative reinsurance covers.

Participate in the preparation, review, and coordination of reinsurance agreements to ensure compliance with internal controls, regulatory standards, and international best practices. Ensure accurate and timely data collection and reporting of reinsurance performance, including premium flows, recoveries, claims development, and treaty utilization. Coordinate with Finance and Accounting teams to support monitoring of reinsurance accounting entries, cash flows, and reconciliation processes. Assist in developing and updating reinsurance-related KPIs, dashboards, and performance reports to support decision-making processes. Contribute to maintaining governance frameworks and quality assurance standards for reinsurance data, records, and documentation.

Monitor reinsurance market trends and assist in conducting benchmarking studies to evaluate pricing, capacity availability, and emerging risks. Support the placement and documentation of facultative reinsurance for risks exceeding treaty limits, in coordination with underwriting and claims teams. Support the execution of facultative reinsurance placements to ensure alignment with the company’s risk appetite, underwriting strategy, and regulatory requirements. Assist in analyzing and consolidating underwriting data to support informed decision-making on reinsurance structures and portfolio optimization. Contribute to managing relationships with reinsurers and brokers to support effective negotiation, placement, and renewal of facultative reinsurance covers.

Participate in the preparation, review, and coordination of reinsurance agreements to ensure compliance with internal controls, regulatory standards, and international best practices. Ensure accurate and timely data collection and reporting of reinsurance performance, including premium flows, recoveries, claims development, and treaty utilization. Coordinate with Finance and Accounting teams to support monitoring of reinsurance accounting entries, cash flows, and reconciliation processes. Assist in developing and updating reinsurance-related KPIs, dashboards, and performance reports to support decision-making processes. Contribute to maintaining governance frameworks and quality assurance standards for reinsurance data, records, and documentation.

Monitor reinsurance market trends and assist in conducting benchmarking studies to evaluate pricing, capacity availability, and emerging risks. Support the placement and documentation of facultative reinsurance for risks exceeding treaty limits, in coordination with underwriting and claims teams. Provide analytical and technical support to the reinsurance team while promoting continuous learning and alignment with organizational objectives. rovide analytical and technical support to the reinsurance team while promoting continuous learning and alignment with organizational objectives. Qualifications: Bachelor’s degree in insurance, Statistics, Finance or Business Administration or any other relevant field. 2-4 Years experience in relevant field.