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Senior Treaty Reinsurance Buyer
Santam Business
Bellville
On-site
ZAR 600,000 - 900,000
Full time
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Job summary
Santam, a leader in the general insurance industry, seeks a Senior Treaty Reinsurance Buyer to join its team in Bellville. The role involves securing treaty reinsurance coverage, managing programs, and engaging with stakeholders to ensure effective implementation of reinsurance strategies. Ideal candidates will have a strong background in reinsurance and a commitment to fostering collaborative relationships.
Qualifications
- Minimum 5 years of experience in a reinsurance buying role.
- Managerial experience advantageous.
- Working knowledge of retrocession agreements and ART transactions is a plus.
Responsibilities
- Secure reinsurance treaty coverage (proportional and non-proportional placements).
- Negotiate terms with reinsurers regarding coverage.
- Participate in treaty reinsurance strategy discussions.
Skills
Education
Job description
1 week ago Be among the first 25 applicants
Who are we?
Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper.
Who are we?
Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper.
What will you do?
Santam Re, based in Cape Town, presents a company culture that is committed to fostering genuine connections with people.
With over 106 years of experience, Santam is Africa’s leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business, Santam Re, leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.
This speaks volumes about our focus on best people practices, as well as our commitment to optimising and improving our business performance by selecting employees who are ready to thrive and perform with purpose.
We recruit and invest in people who are driven to make a positive impact in the reinsurance industry; those who believe in collaboration and dedication, passion and performance, and with values and objectives that align to inclusivity and unlimited growth.
The Reinsurance Outwards team is looking for a Senior Treaty Reinsurance Buyer. The Reinsurance Outwards team is responsible for the purchase of treaty reinsurance cover for the Group. The Senior Treaty Reinsurance Buyer will work closely with the Head of Reinsurance Outwards on the operational execution of the Group’s reinsurance strategy. The successful applicant will report to the Head of Outwards Reinsurance and will be based at the Santam Head Office in Bellville, Cape Town.
Job Description
The role of the Senior Treaty Reinsurance Buyer is to assist the Outwards team secure treaty reinsurance coverage, manage programmes, and relationships with internal and external stakeholders.
Key Accountabilities And Responsibilities Will Include
- Placement of outwards treaty reinsurance. Secure reinsurance treaty coverage (proportional and non-proportional placements).
- Negotiation with reinsurers in respect of reinsurance treaty coverage (including but not limited to cost, capacity, clauses, conditions, and exclusions).
- Reinsurance strategy implementation. Participate in Business Unit treaty reinsurance strategy discussions and the implementation thereof.
- Reinsurance renewal processes and timelines. Ensure that there is a workable and robust renewal timeline in place for every treaty. Co-ordinate with relevant stakeholders to ensure treaties are placed timeously as per agreed renewal mandates and timelines.
- Technical reinsurance guidance. Provide internal stakeholders with technical reinsurance guidance in respect of reinsurance treaties in place.
- Stakeholder engagement. Build and maintain solid relationships with internal and external stakeholders.
- Market intelligence. Analyse and communicate general reinsurance trends
Qualifications, Knowledge And Experience
- Minimum Requirements:
- Bachelor’s degree in commerce or related field
- At least 5 years of experience in a reinsurance buying role (Managerial experience advantageous)
- Professional qualification in (re)insurance (for example, FCII, FIISA)
- Working knowledge of retrocession agreements and Alternative Risk Transfer (ART) transactions is advantageous.
Santam is the market leader in the general insurance industry in Southern Africa. As a large, diversified, and expanding company, we are committed to transformation and growth. While our headquarters are in South Africa, we are rapidly extending our presence into emerging markets across Africa and Asia.
With a client base of over 1 million policyholders, Santam serves individuals, commercial enterprises, specialist business owners, and institutions—including 80 of the Top 100 companies listed on the JSE. Our commitment to Insurance, Good and Proper goes beyond just providing cover—we offer peace of mind, ensuring our clients can focus on living in the moment, not worrying about the unexpected. Because at Santam, we believe the freedom to seize every day is worth protecting.
People drive our business, and we are committed to attracting the best talent, whether for permanent roles or short-term opportunities.
Santam is committed to diversity, inclusion, and belonging. As an equal opportunity employer, we encourage applications from candidates of all backgrounds, including persons with disabilities. We are dedicated to neuro-inclusivity and fostering a workplace where everyone can thrive.
Take the next step in your career—apply now and be part of a company that’s shaping the future of insurance. This is Freedom!
The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.
- Seniority levelMid-Senior level
- Employment typeFull-time
- Job functionPurchasing and Supply Chain
- IndustriesInsurance
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