Assistant Manager - Property Facultative Reinsurance

About the role

Orient Insurance, part of the Al-Futtaim Group, is hiring an Assistant Manager for Property Facultative Reinsurance in Dubai. The role supports the placement of facultative reinsurance by preparing accurate submissions, approaching approved markets, securing capacity and terms and completing placement documentation within required timelines, in close coordination with underwriters, brokers, reinsurers, risk engineers, finance, claims and policy administration.

Key responsibilities

• Review underwriting referrals and prepare complete facultative reinsurance submissions, including sum insured, retention, treaty and facultative capacity, quota share or excess-of-loss structure, layers, deductibles, brokerage, commission, taxes, currency and premium allocation.
• Approach local, regional and international reinsurers and brokers, follow up on quotations, negotiate rates, commissions, coverage and exclusions, and prepare comparison sheets.
• Review technical underwriting information such as COPE data, risk surveys, claims experience, fire protection, natural catastrophe exposure, valuation reports and policy wording, and escalate technical issues or capacity shortages to senior underwriters.
• Maintain records of market approaches, quotations, declinatures and placement status, secure written reinsurance confirmation, and keep an audit trail of correspondence and approvals.
• Prepare and maintain slips, submission forms, comparison sheets, signing schedules, cover notes, premium calculation sheets, endorsement requests and renewal records.
• Manage facultative renewals, monitor changes in exposure and claims experience, track outstanding confirmations and support analysis of premium, capacity utilization and placement performance.
• Coordinate with underwriters, reinsurers, brokers, finance and claims teams, and comply with underwriting guidelines, sanctions, KYC, AML and regulatory requirements.

Required profile

• Bachelor's degree in insurance, Risk Management, Business Administration, Finance, Economics, Engineering or a related discipline.
• Professional qualification: a Diploma or Advanced Diploma form III or CII is considered an added qualification.
• 5 years of experience; regional experience is an advantage.