Technical Accounts and Treaty Business Manager at WASAC: (Deadline Ongoing)
About the job Technical Accounts and Treaty Business Manager
About the Role
The Technical Accounts & Treaty Business Manager is a senior, hybrid role combining technical accounting excellence with strategic treaty reinsurance business management. The role serves as a critical link between internal functions (finance, underwriting, claims) and external partners (clients, reinsurers, auditors), while also driving treaty placement, negotiation, and portfolio growth.
This position requires a strong blend of financial acumen, technical insurance knowledge, market-facing capability, and business development skills.
Key Responsibilities
- Technical Accounts Manager
The Technical Accounts Manager will serve as a critical link between internal teams (finance, claims, underwriting) and external partners (clients, reinsurers, and auditors), ensuring efficient and seamless post-placement operations, as outlined below:
Financial Processing and Reconciliation: Manages the recording, classifying, and processing of premiums, claims, and other financial data related to reinsurance contracts. This includes managing premium adjustments, profit commissions, and outstanding loss reserves.
Data Management and Analysis: Ensures the accuracy and completeness of technical data in internal systems and uses this data to produce management information (MI) reports for decision-making and performance monitoring.
Documentation and Compliance: Generates, reviews, and maintains all contractual documentation, such as slips, cover notes, wordings, and endorsements, ensuring they meet regulatory and internal compliance standards.
Query Resolution and Credit Control: Acts as a primary contact for resolving queries from clients and reinsurers regarding accounts and documentation. They also manage credit control activities, including monitoring receivables and facilitating the timely collection of funds.
Process Improvement: Often involved in identifying opportunities for process enhancements, particularly using technology and automation, to improve efficiency and reduce error
2.Treaty Business Manager
The Treaty Business Manager (or Treaty Broker/Account Executive) will be a client-facing person responsible for the acquisition, structuring, negotiation, and ongoing management of large-scale and complex treaty reinsurance agreements, as outlined below:
Client and Market Engagement: Builds and maintains strong relationships with clients (ceding companies) and reinsurers in the market. They act as trusted advisors, understanding client needs and advocating for them in the market.
Reinsurance Placement and Negotiation: Manages the entire placement process, which involves preparing market submissions and presentations, negotiating terms, coverage, and pricing with reinsurers to secure the best possible solutions for clients.
Program Design and Structuring: Analyzes client risk portfolios and designs optimal, tailor-made reinsurance structures (proportional, excess of loss, etc.) to help them manage their capital and risk exposure effectively.
Business Development: Actively participates in strategic planning and new business initiatives to expand the firm’s treaty portfolio and identify new market opportunities
Expert Technical Advice: Possesses deep technical knowledge of various classes of business and provides expert advice on contract terms and conditions to clients and internal teams. They ensure contract certainty and clarity on term
Qualifications & Requirements
- Bachelor’s degree in Banking & Insurance or a related field (mandatory)
- CII Certification (required)
- Minimum 2 years’ experience in an insurance firm or Insurance Brokerage firm
- Strong knowledge of insurance and reinsurance operations
- Excellent analytical, reporting skill, and very attentive to details
- Strong communication, negotiation, and client management skills
- High level of professionalism, integrity, and ability to manage multiple priorities
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